XML 117 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities    
Net loss $ (13,892,000)us-gaap_ProfitLoss $ (283,000)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 1,437,000us-gaap_DepreciationDepletionAndAmortization 1,617,000us-gaap_DepreciationDepletionAndAmortization
Share-based compensation expenses 4,840,000us-gaap_ShareBasedCompensation 125,000us-gaap_ShareBasedCompensation
(Reverse of)/provision for allowances for doubtful accounts (861,000)us-gaap_ProvisionForDoubtfulAccounts 2,702,000us-gaap_ProvisionForDoubtfulAccounts
Share of (income)/losses in equity investment affiliates (47,000)us-gaap_IncomeLossFromEquityMethodInvestments 183,000us-gaap_IncomeLossFromEquityMethodInvestments
Goodwill impairment and impairment of intangible assets 5,639,000us-gaap_GoodwillAndIntangibleAssetImpairment  
Loss on disposal of property and equipment   3,000us-gaap_GainLossOnDispositionOfAssets1
(Gain)/loss on disposal of VIEs (266,000)us-gaap_DeconsolidationGainOrLossAmount 543,000us-gaap_DeconsolidationGainOrLossAmount
Loss on disposal of intangible asset   315,000us-gaap_GainLossOnDispositionOfIntangibleAssets
Deferred taxes (850,000)us-gaap_DeferredIncomeTaxExpenseBenefit (486,000)us-gaap_DeferredIncomeTaxExpenseBenefit
Changes in operating assets and liabilities    
Accounts receivable 5,226,000us-gaap_IncreaseDecreaseInAccountsReceivable (3,676,000)us-gaap_IncreaseDecreaseInAccountsReceivable
Other receivables 1,370,000us-gaap_IncreaseDecreaseInOtherReceivables 98,000us-gaap_IncreaseDecreaseInOtherReceivables
Prepayment and deposit to suppliers (1,499,000)cnet_IncreaseDecreaseInPrepaymentAndDepositToSuppliers 380,000cnet_IncreaseDecreaseInPrepaymentAndDepositToSuppliers
Due from related parties 449,000us-gaap_IncreaseDecreaseInDueFromRelatedParties (282,000)us-gaap_IncreaseDecreaseInDueFromRelatedParties
Other current assets (42,000)us-gaap_IncreaseDecreaseInOtherCurrentAssets 106,000us-gaap_IncreaseDecreaseInOtherCurrentAssets
Accounts payable 390,000us-gaap_IncreaseDecreaseInAccountsPayable 301,000us-gaap_IncreaseDecreaseInAccountsPayable
Advances from customers (118,000)us-gaap_IncreaseDecreaseInCustomerAdvances (104,000)us-gaap_IncreaseDecreaseInCustomerAdvances
Accrued payroll and other accruals (60,000)cnet_IncreaseDecreaseInAccruedPayrollAndOtherAccruals (242,000)cnet_IncreaseDecreaseInAccruedPayrollAndOtherAccruals
Other payables 318,000us-gaap_IncreaseDecreaseInOtherCurrentLiabilities (69,000)us-gaap_IncreaseDecreaseInOtherCurrentLiabilities
Taxes payable (76,000)us-gaap_IncreaseDecreaseInAccruedTaxesPayable 1,525,000us-gaap_IncreaseDecreaseInAccruedTaxesPayable
Net cash provided by operating activities 1,958,000us-gaap_NetCashProvidedByUsedInOperatingActivities 2,756,000us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities    
Purchases of vehicles and office equipment (280,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (79,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Deposit and prepayment for purchasing of software technology (847,000)us-gaap_PaymentsToAcquireProductiveAssets (2,420,000)us-gaap_PaymentsToAcquireProductiveAssets
Short-term loan to unrelated entities   (790,000)us-gaap_IncreaseDecreaseDueFromOtherRelatedParties
Repayment of short-term loan from unrelated entities 790,000cnet_RepaymentFromUnrelatedEntities  
Long-term investment in cost/equity method investees (18,000)cnet_PaymentsToAcquireEquityCostMethodInvestments (40,000)cnet_PaymentsToAcquireEquityCostMethodInvestments
Collection of receivable on disposal of VIEs 1,604,000cnet_CollectionOfReceivableOnDisposalOfVIEs  
Payment for acquisition of VIEs   (2,258,000)us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates
Cash effect on deconsolidation of VIEs (358,000)us-gaap_CashDivestedFromDeconsolidation (146,000)us-gaap_CashDivestedFromDeconsolidation
Net cash provided by/(used in) investing activities 891,000us-gaap_NetCashProvidedByUsedInInvestingActivities (5,733,000)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities    
Proceeds from short-term bank loan 814,000us-gaap_ProceedsFromBankDebt 807,000us-gaap_ProceedsFromBankDebt
Repayment of short-term bank loan (814,000)us-gaap_RepaymentsOfBankDebt  
Short-term loan from noncontrolling interest of VIE 717,000cnet_ShorttermLoanFromNoncontrollingInterestOfVIE  
Repayment of short-term loan to noncontrolling interest of VIE (81,000)cnet_RepaymentOfShorttermLoanToNoncontrollingInterestOfVIE  
Repayment to former VIE (1,893,000)cnet_RepaymentToFormerVIE  
Net cash (used in)/provided by financing activities (1,257,000)us-gaap_NetCashProvidedByUsedInFinancingActivities 807,000us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate fluctuation on cash and cash equivalents 3,000us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 129,000us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase/(decrease) in cash and cash equivalents 1,595,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (2,041,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of the year 3,442,000us-gaap_CashAndCashEquivalentsAtCarryingValue 5,483,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of the year 5,037,000us-gaap_CashAndCashEquivalentsAtCarryingValue 3,442,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information    
Income taxes paid 204,000us-gaap_IncomeTaxesPaid 39,000us-gaap_IncomeTaxesPaid
Interest expense paid 52,000us-gaap_InterestPaid 25,000us-gaap_InterestPaid
Non-cash transactions:    
Receivable on disposal of VIEs   1,611,000us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationReceived1
Payable for purchasing of software technologies 2,826,000us-gaap_CapitalExpendituresIncurredButNotYetPaid  
Variable Interest Entity, Primary Beneficiary [Member]    
Adjustments to reconcile net loss to net cash provided by operating activities    
(Gain)/loss on disposal of VIEs $ (266,000)us-gaap_DeconsolidationGainOrLossAmount
/ dei_LegalEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
$ 543,000us-gaap_DeconsolidationGainOrLossAmount
/ dei_LegalEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember