Note 26 - Segment Reporting

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

26. Segment reporting

The Company follows ASC Topic 280 “Segment Reporting”, which requires that companies disclose segment data based on how management makes decisions about allocating resources to segments and evaluating their performance. Reportable operating segments include components of an entity about which separate financial information is available and which operating results are regularly reviewed by the chief operating decision maker (“CODM”), the Company’s Chief Executive Officer, to make decisions about resources to be allocated to the segment and assess each operating segment’s performance.

Nine Months Ended September 30, 2015 (Unaudited)

	Internet Ad.			TV Ad.			Bank kiosk		Brand management and sales channel building			Others			Inter- segment and reconciling item			Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)
Revenue		22,540			1,100			160		212			-			-			24,012
Cost of sales		18,171			1,058			6		122			-			-			19,357
Total operating expenses		7,570			231			90		314			2,549	*		-			10,754
Depreciation and amortization expense included in total operating expenses		1,152			2			90		48			29			-			1,321
Operating income (loss)		(3,201	)		(189	)		64		(224	)		(2,549	)		-			(6,099	)
Share of loss in equity investment affiliates		-			-			-		-			(2	)		-			(2	)
Expenditure for long-term assets		4,036			-			-		-			152			-			4,188
Net income (loss)		(2,458	)		(162	)		64		(204	)		(2,550	)		-			(5,310	)
Total assets – September 30, 2015		38,053			10,381			197		2,612			6,529			(16,497	)		41,275
Total assets – December 31, 2014		43,851			13,228			296		2,989			6,558			(19,492	)		47,430

*Including approximately US$1,637,000 share-based compensation expenses.

Three Months Ended September 30, 2015 (Unaudited)

	Internet Ad.			TV Ad.			Bank kiosk			Brand management and sales channel building			Others			Inter- segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)
Revenue		8,456			19			22			45			-			-		8,542
Cost of sales		7,030			17			1			18			-			-		7,066
Total operating expenses		2,938			11			29			126			1,030	*		-		4,134
Depreciation and amortization expense included in total operating expenses		375			-			29			16			13			-		433
Operating loss		(1,512	)		(9	)		(8	)		(99	)		(1,030	)		-		(2,658	)
Share of loss in equity investment affiliates		-			-			-			-			(4	)		-		(4	)
Expenditure for long-term assets		2,072			-			-			-			138			-		2,210
Net income (loss)		(1,127	)		9			(8	)		(95	)		(1,034	)		-		(2,255	)

*Including approximately US$681,000 share-based compensation expenses.

Nine Months Ended September 30, 2014 (Unaudited)

	Internet Ad.			TV Ad.			Bank kiosk		Brand management and sales channel building			Others			Inter- segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)
Revenue		21,777			4,806			207		821			-			-		27,611
Cost of sales		17,562			4,467			8		446			-			-		22,483
Total operating expenses		6,478			345			93		442			908	*		-		8,266
Gain on disposal of VIE included in total operating expenses		(266	)		-			-		-			-			-		(266	)
Depreciation and amortization expense included in total operating expenses		743			31			93		151			61			-		1,079
Operating income (loss)		(2,263	)		(6	)		106		(67	)		(908	)		-		(3,138	)
Share of  losses  in equity investment affiliates		-			-			-		51			(2	)		-		49
Expenditure for long-term assets		1,072			-			-		3			12			-		1,087
Net income (loss)		(2,133	)		(57	)		106		(15	)		(910	)		-		(3,009	)

*Including approximately US$25,000 share-based compensation expenses.

Three Months Ended September 30, 2014 (Unaudited)

	Internet Ad.			TV Ad.			Bank kiosk		Brand management and sales channel building			Others			Inter- segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)
Revenue		9,969			1,812			69		217			-			-		12,067
Cost of sales		8,167			1,695			3		131			-			-		9,996
Total operating expenses		2,628			123			30		159			330	*		-		3,270
Gain on disposal of VIE included in total operating expenses		(266	)		-			-		-			-			-		(266	)
Depreciation and amortization expense included in total operating expenses		254			9			30		51			20			-		364
Operating income (loss)		(826	)		(6	)		36		(73	)		(330	)		-		(1,199	)
Share of  losses  in equity investment affiliates		-			-			-		107			-			-		107
Expenditure for long-term assets		222			-			-		2			-			-		224
Net income (loss)		(640	)		(25	)		36		42			(330	)		-		(917	)

*Including approximately US$8,000 share-based compensation expenses.