Note 30 - Subsequent Events

12 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

Subsequent Events [Text Block]

30. Subsequent event

In January 2016, the Company issued 50,000 shares of the Company’s restricted common stock to its investor relations services provider in exchange for its services for the year ended December 31, 2016. These shares were granted in January 2015 and valued at US$1.2 per share, the closing bid price of the Company’s common stock on the date of grant. Total compensation expense of approximately US$60,000 will be recognized for the year ended December 31, 2016.

In March 2016, the Company issued 665,592 shares of the Company’s unvested restricted common stock, which was granted in September 2015 under its 2015 Omnibus Securities and Incentive Plan as discussed in Note 29.

During the first fiscal quarter of 2016, the Company paid approximately RMB9.1 million (approximately US$1.4 million) in relation to a software development contract entered into in November 2015 as discussed in Note 12.