Note 12 - Deposit and Prepayment for Purchasing of Software Technology

3 Months Ended

Mar. 31, 2015

Deposits For Purchasing Assets [Abstract]

Deposits For Purchasing Assets [Text Block]

12.   Deposit and prepayment for purchasing of software technology

In October 2013, the Company entered into a contract to engage an unrelated third party to develop several software systems related to internet environment monitoring, network security and system optimization to enhance the overall safety and efficiency of the Company’s network system. The total contract amount was RMB13 million (approximately US$2 million). The Company has paid a first installment of RMB5.2 million (approximately US$0.85 million). As of the date hereof, the Company is trial testing these software applications. The transaction as contemplated under the contract is expected to be consummated in the first half of 2015.