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Consolidated Balance Sheets (In thousands, except for number of shares and per share data) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 16,447 $ 15,590
Restricted cash 189  
Accounts receivable 6,685 4,319
Other receivables 6,645 7,811
Prepayment and deposit to suppliers 3,596 3,325
Due from equity investment affiliates 42  
Due from related parties 451 185
Deposit for acquisitions   1,512
Other current assets 34 31
Total current assets 34,089 32,773
Investment in and loan to equity investment affiliates 7,840 7,162
Property and equipment, net 1,945 2,010
Intangible assets, net 1,845 51
Prepayment for purchase of intangibles 1,436  
Contingent consideration receivable 117  
Goodwill 1,931  
Total Assets 49,203 41,996
Current liabilities:    
Accounts payable 438 174
Advances from customers 673 2,120
Other payables 109 10
Accrued payroll and other accruals 406 470
Payable for acquisitions 727  
Due to related parties 158 291
Due to Control Group   81
Due to director 413 559
Taxes payable 3,054 2,193
Dividend payable 294 255
Total current liabilities 6,272 6,153
Long-term liabilities:    
Deferred tax liability-non current 448  
Long-term borrowing from director 135 132
Total Liabilities 6,855 6,285
Equity:    
Series A convertible preferred stock (US$0.001 par value; authorized 8,000,000 shares; issued and outstanding 2,403,289 and 2,877,600 shares at June 30, 2011 and December 31, 2010, respectively; aggregate liquidation preference amount: $6,302 and $7,449, including accrued but unpaid dividends of $294 and $255, at June 30, 2011 and December 31, 2010, respectively) 2 3
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 17,576,631 shares and 17,102,320 shares at June 30, 2011 and December 31, 2010, respectively) 18 17
Additional paid-in capital 18,724 18,614
Statutory reserves 1,587 1,587
Retained earnings 20,114 14,630
Accumulated other comprehensive income 1,651 930
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity 42,096 35,781
Noncontrolling interest 252 (70)
Total equity 42,348 35,711
Total Liabilities and Equity $ 49,203 $ 41,996