XML 57 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (In thousands, except for number of shares and per share data) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 8,572,000 $ 10,695,000
Accounts receivable, net 9,476,000 4,444,000
Other receivables, net 5,672,000 3,631,000
Prepayment and deposit to suppliers 13,485,000 15,360,000
Due from related parties 283,000 324,000
Contingent consideration receivables 160,000 159,000
Other current assets 103,000 129,000
Deferred tax assets-current 272,000  
Total current assets 38,023,000 34,742,000
Investment in and advance to equity investment affiliates 1,109,000 1,396,000
Property and equipment, net 1,666,000 1,902,000
Intangible assets, net 7,686,000 8,151,000
Goodwill 11,077,000 10,999,000
Deferred tax assets-non current 270,000 92,000
Total Assets 59,831,000 57,282,000
Current liabilities:    
Accounts payable * 380,000 [1] 268,000 [1]
Advances from customers * 1,800,000 [1] 724,000 [1]
Accrued payroll and other accruals * 1,037,000 [1] 616,000 [1]
Due to equity investment affiliate *    [1] 220,000 [1]
Due to related parties *    [1] 161,000 [1]
Payable for acquisition *    [1] 550,000 [1]
Taxes payable * 5,860,000 [1] 5,040,000 [1]
Other payables * 188,000 [1] 114,000 [1]
Dividend payable   5,000
Total current liabilities 9,265,000 7,698,000
Long-term liabilities:    
Deferred tax liability-non current * 1,797,000 [1] 1,893,000 [1]
Long-term borrowing from director 138,000 137,000
Total Liabilities 11,200,000 9,728,000
Equity:    
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 22,186,540 shares and 22,146,540 shares at June 30, 2012 and December 31, 2011, respectively) 22,000 22,000
Additional paid-in capital 20,774,000 20,747,000
Statutory reserves 2,117,000 2,117,000
Retained earnings 17,217,000 16,688,000
Accumulated other comprehensive income 2,387,000 2,132,000
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity 42,517,000 41,706,000
Noncontrolling interests 6,114,000 5,848,000
Total equity 48,631,000 47,554,000
Total Liabilities and Equity $ 59,831,000 $ 57,282,000
[1] All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2).