Note 6 - Other Receivables, Net

9 Months Ended

Sep. 30, 2015

Receivables [Abstract]

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

6. Other receivables, net

	September 30, 2015			December 31, 2014
	US$(’000)			US$(’000)
	(Unaudited)
Short-term loan made for marketing campaign		-			65
Term deposit interest receivable		23			56
Staff advances for normal business purpose		73			73
TV advertisement deposit and prepayment receivable		5,967			8,034
Refundable software contract amount		756			-
Overdue deposits		980			1,020
Allowance for doubtful accounts		(980	)		(856	)
Other receivables, net		6,819			8,392

TV advertisement deposit and prepayment receivable 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 contract on December 31, 2014. As of the date hereof, the Company has collected in the aggregate of RMB13.2 million (approximately US$2.1 million) of this amount. The Company expects that the remaining balance will be collected within the next 12 months.

Refundable software contract amount represented the refundable amount prepaid by the Company to its software development service provider in previous periods, which contract has been terminated in early November 2015.

For advertising resources purchase contracts signed by the Company and 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 September 30, 2015 and December 31, 2014, the Company provided approximately US$980,000 and US$856,000 allowance for doubtful accounts, respectively, which was related to the deposits of its internet advertising and TV advertising business segment. For the nine and three months ended September 30, 2015, approximately US$162,000 allowance for doubtful accounts was provided. For the nine and three months ended September 30, 2014, no allowance for doubtful accounts was provided or reversed.