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Consolidated Statements of Income and Comprehensive Income (In thousands, except for number of shares and per share data) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Sales        
To unrelated parties $ 8,814 $ 11,627 $ 15,636 $ 21,660
To related parties 267 413 457 607
[SalesRevenueServicesNet] 9,081 12,040 16,093 22,267
Cost of sales        
From unrelated parties 2,831 5,936 4,690 12,663
From related party 606   768  
[CostOfRevenue] 3,437 5,936 5,458 12,663
Gross margin 5,644 6,104 10,635 9,604
Operating expenses        
Selling expenses 908 911 1,620 1,337
General and administrative expenses 975 801 1,865 1,595
Research and development expenses 372 196 724 330
[OperatingExpenses] 2,255 1,908 4,209 3,262
Income from operations 3,389 4,196 6,426 6,342
Other income (expenses):        
Changes in fair value of warrants       1,861
Interest income 3 2 4 4
Share of losses in equity investment affiliates (59)   (105)  
Gain on deconsolidation of subsidiary     230  
Other income (expenses) (1) 3 5 3
[OtherNonoperatingIncomeExpense] (57) 5 134 1,868
Income before income tax expense and noncontrolling interest 3,332 4,201 6,560 8,210
Income tax expense 319 65 751 279
Net income 3,013 4,136 5,809 7,931
Net (income) / loss attributable to noncontrolling interest (19) 77 (3) 77
Net income attributable to ChinaNet Online Holdings, Inc. 2,994 4,213 5,806 8,008
Dividend of Series A convertible preferred stock (153) (193) (322) (422)
Net income attributable to ChinaNet Online Holdings, Inc. 2,994 4,213 5,806 8,008
Dividend of Series A convertible preferred stock (153) (193) (322) (422)
Net income attributable to common stockholders of ChinaNet Online Holdings, Inc. 2,841 4,020 5,484 7,586
Earnings per common share        
Basic (in Dollars per share) $ 0.16 $ 0.24 $ 0.32 $ 0.46
Diluted (in Dollars per share) $ 0.15 $ 0.20 $ 0.28 $ 0.38
Weighted average number of common shares outstanding:        
Basic (in Shares) 17,528,785 16,848,023 17,387,336 16,542,966
Diluted (in Shares) 20,005,962 20,742,817 20,410,724 20,900,374
Comprehensive Income        
Foreign currency translation gain 548 74 744 77
[ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest] 3,561 4,210 6,553 8,008
Comprehensive Income        
Comprehensive income / (loss) attributable to noncontrolling interest 39 (77) 26 (77)
Comprehensive income attributable to ChinaNet’s Online Holdings, Inc. 3,522 4,287 6,527 8,085
[ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest] $ 3,561 $ 4,210 $ 6,553 $ 8,008