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Consolidated Balance Sheets (In thousands, except for number of shares and per share data) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current assets:  
Cash and cash equivalents$ 21,280$ 15,590
Accounts receivable6,1474,319
Other receivables10,5587,811
Prepayment and deposit to suppliers3,3343,325
Due from equity investment affiliate42 
Due from related parties390185
Deposit for acquisitions 1,512
Other current assets14731
Total current assets41,89832,773
Investment in and loan to equity investment affiliates5887,162
Property and equipment, net1,9162,010
Intangible assets, net3,19751
Contingent consideration receivable119 
Goodwill1,950 
Total Assets49,66841,996
Current liabilities:  
Accounts payable105174
Advances from customers8482,120
Other payables27210
Accrued payroll and other accruals391470
Due to related parties160291
Due to Control Group 81
Due to director 559
Taxes payable3,1862,193
Dividend payable288255
Total current liabilities5,2506,153
Long-term liabilities:  
Deferred tax liability-non current434 
Long-term borrowing from director137132
Total Liabilities5,8216,285
Equity:  
Series A convertible preferred stock (US$0.001 par value; authorized 8,000,000 shares; issued and outstanding Nil and 2,877,600 shares at September 30, 2011 and December 31, 2010, respectively; aggregate liquidation preference amount: $288 and $7,449, including accrued but unpaid dividends of $288 and $255, at September 30, 2011 and December 31, 2010, respectively) 3
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 20,039,920 shares and 17,102,320 shares at September 30, 2011 and December 31, 2010, respectively)2017
Additional paid-in capital18,08618,614
Statutory reserves1,5871,587
Retained earnings21,16614,630
Accumulated other comprehensive income1,979930
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity42,83835,781
Noncontrolling interest1,009(70)
Total equity43,84735,711
Total Liabilities and Equity$ 49,668$ 41,996