Note 6 - Other Receivables, Net

12 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

6. Other receivables, net

	As of December 31,
	2013			2012
	US$(’000)			US$(’000)
Short-term loan made for marketing campaign		1,636			2,375
Short-term loans to unrelated entities		790			475
Term deposit interest receivable		57			59
Receivable on disposal of fixed assets		98			-
Receivables on disposal of subsidiaries		1,611			-
Staff advances for normal business purpose		107			194
Overdue deposits		968			158
Allowance for doubtful debts		(968	)		(158	)
Other receivables, net		4,299			3,103

Short-term loan made for marketing campaign: for one of the major marketing campaigns, the Company made a marketing-related loan of RMB25,000,000 (approximately US$4,088,976) to a TV series of 36 episodes, called “Xiao Zhang Feng Yun.” By participating in this TV series, the Company’s logo is shown during the credits at the end of each episode and also shown as a separate card during the closing before the credit screen. This TV series has been broadcasted on CCTV 8 and www.sina.com.cn since September 2011 and continues to sell its broadcasting rights to other provincial TV channels for additional exposure. For the years ended December 31, 2013 and 2012, the Company collected in the aggregate of RMB5,000,000 (approximately US$818,000)and RMB4,000,000 (approximately US$654,000) from the borrower, respectively. In accordance with an agreement between the Company and the borrower, the Company extended the term of this loan from December 31, 2013 to December 31, 2014. The borrower subsequently repaid RMB5,000,000 (approximately US$818,000) of this debt in 2014 through the date that the financial statements are issued. The Company will continue to assess the collectability of this loan. If an event occurs or circumstances change that could indicate that the collectability of this loan is remote, a full allowance of bad debts provision will be provided for the remaining outstanding balance of this loan.

Short-term loans to unrelated entities represented temporary loans advanced to unrelated entities, which were unsecured, non-interest bearing and repayable on demand.

Receivables on disposal of subsidiaries represent the cash consideration to be received from the successors of shareholders of Quanzhou Zhi Yuan and Quanzhou Tian Xi Shun He.

For advertising resources purchase contracts signed by the Company with its resource providers, the Company was required to make deposits, which were either applied to the contract amounts that were needed to be paid with the consent of the counterparty or to be refunded to the Company of the remaining balance upon expiration of the cooperation. Overdue deposits represented the portion of the contractual deposits, which related advertising resources purchase contracts had been completed as of each of the reporting dates with no further cooperation. Based on the assessment of the collectability of these overdue deposits as of December 31, 2013 and 2012, the Company provided approximately US$968,000 and US$158,000 allowance for doubtful debts, respectively, which was related to the deposits of its internet advertising and TV advertising business segment. For the year ended December 31, 2013, allowance for doubtful debt of approximately US$793,000 was provided. For the year ended December 31, 2012, approximately US$370,000 allowance for doubtful debts provided in prior years was reversed due to subsequent collection of these overdue deposits in 2012.