Consolidated Balance Sheets (September 30, 2012 Unaudited) (USD $)	Sep. 30, 2012		Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 8,513,000		$ 10,695,000
Accounts receivable, net	9,822,000		4,444,000
Other receivables, net	5,702,000		3,631,000
Prepayment and deposit to suppliers	12,037,000		15,360,000
Due from related parties	321,000		324,000
Contingent consideration receivables	160,000		159,000
Other current assets	96,000		129,000
Deferred tax assets-current	95,000
Total current assets	36,746,000		34,742,000
Investment in and advance to equity investment affiliates	1,010,000		1,396,000
Property and equipment, net	1,654,000		1,902,000
Intangible assets, net	7,408,000		8,151,000
Goodwill	11,052,000		10,999,000
Deferred tax assets-non current	582,000		92,000
Total Assets	58,452,000		57,282,000
Current liabilities:
Accounts payable *	98,000	[1]	268,000	[1]
Advances from customers *	839,000	[1]	724,000	[1]
Accrued payroll and other accruals *	483,000	[1]	616,000	[1]
Due to equity investment affiliate *		[1]	220,000	[1]
Due to related parties *		[1]	161,000	[1]
Payable for acquisition *	5,210,000	[1]	550,000	[1]
Taxes payable *	6,272,000	[1]	5,040,000	[1]
Other payables *	159,000	[1]	114,000	[1]
Dividend payable			5,000
Total current liabilities	13,061,000		7,698,000
Long-term liabilities:
Deferred tax liability-non current *	1,739,000	[1]	1,893,000	[1]
Long-term borrowing from director	138,000		137,000
Total Liabilities	14,938,000		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 September 30, 2012 and December 31, 2011, respectively)	22,000		22,000
Additional paid-in capital	19,998,000		20,747,000
Statutory reserves	2,117,000		2,117,000
Retained earnings	18,437,000		16,688,000
Accumulated other comprehensive income	2,287,000		2,132,000
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity	42,861,000		41,706,000
Noncontrolling interests	653,000		5,848,000
Total equity	43,514,000		47,554,000
Total Liabilities and Equity	$ 58,452,000		$ 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).