Note 6 - Other Receivables, Net

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

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

6.   Other receivables, net

	As of December 31,
	2014			2013
	US$(’000)			US$(’000)
Short-term loan made for marketing campaign		65			1,636
Short-term loan to unrelated entities		-			790
Term deposit interest receivable		56			57
Receivable on disposal of fixed assets		-			98
Receivables on disposal of VIEs		-			1,611
Staff advances for normal business purpose		73			107
TV advertisement deposit and prepayment receivable		8,034			-
Overdue deposits		1,020			968
Allowance for doubtful debts		(856	)		(968	)
Other receivables, net		8,392			4,299

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$4.1 million) to a TV series of 36 episodes. 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 loan has been fully collected by the Company during 2015.

Short-term loan to unrelated entities as of December 31, 2013 represented temporary loan advanced to unrelated entities, which had been fully collected by the Company as of December 31, 2014.

Receivables on disposal of VIEs as of December 31, 2013 represented the cash consideration to be received from the successors of shareholders of two of the Company’s former VIEs, which were disposed in November 2013. As of December 31, 2014, these receivables had been fully collected by the Company.

TV advertisement deposit and prepayment receivable was previously recorded in prepayment and deposit to suppliers account, which represented deposit and prepayment made to an agent of one of the provincial satellite TV stations partnered with the Company. The Company had decided to terminate its cooperation with this TV station and its agent upon expiration of the 2014 contact on December 31, 2014. In accordance with the agreement between the Company and the agent, the amount will be refunded to the Company within 2015. As of the date hereof, the Company has received approximately US$0.2 million refund of this amount.

For advertising resources purchase contracts signed by the Company with its resources 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, 2014 and 2013, the Company provided approximately US$856,000 and US$968,000 allowance for doubtful accounts, respectively, which was related to the deposits of its internet advertising and TV advertising business segment. For the years ended December 31, 2014 and 2013, approximately US$163,000 and US$793,000 allowance for doubtful accounts was provided, respectively. For the year ended December 31, 2014, balances of overdue deposits and the related allowance carried forward from last year decreased by both approximately US$0.27 million, as a result of disposal of a VIE during the period.