Note 2 - Variable Interest Entities

3 Months Ended

Mar. 31, 2016

Variable Interest Entities Disclosure [Abstract]

Variable Interest Entities Disclosure [Text Block]

2. Variable interest entities

Summarized below is the information related to the consolidated VIEs’ assets and liabilities as of March 31, 2016 and December 31, 2015, respectively:

	March 31, 2016		December 31, 2015
	US$(’000)		US$(’000)
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	3,329	$	4,942
Term deposit		3,281		3,265
Accounts receivable, net		2,950		2,492
Other receivables, net		352		1,712
Prepayment and deposit to suppliers		5,760		5,841
Due from related parties		306		24
Other current assets		16		27
Assets classified as held for sale		1,958		1,882
Total current assets		17,952		20,185
Long-term investments		175		1,113
Property and equipment, net		456		503
Intangible assets, net		5,344		5,630
Deposit and prepayment for purchasing of software technology		1,029		1,024
Goodwill		4,418		4,396
Deferred tax assets-non current		1,221		1,249
Total Assets	$	30,595	$	34,100
Liabilities
Current liabilities:
Accounts payable	$	65	$	88
Advances from customers		1,317		1,304
Accrued payroll and other accruals		253		309
Due to Control Group		11		11
Taxes payable		2,790		2,733
Other payables		14		67
Liabilities classified as held for sale		964		913
Total current liabilities		5,414		5,425
Deferred tax Liabilities-non current		89		118
Total Liabilities		5,503	$	5,543
Commitments and contingencies		130		129

All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets.

Summarized below is the information related to the financial performance of the VIEs reported in the Company’s consolidated statements of operations and comprehensive loss for the three months ended March 31, 2016 and 2015, respectively:

	Three Months Ended March 31,
	2016		2015
	US$(’000)		US$(’000)
Revenues	$	5,039	$	5,620
Cost of revenues		3,455		4,868
Total operating expenses		1,883		2,203
Loss from discontinued operations		46		25
Net loss before allocation to noncontrolling interests		335		1,208