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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 2,876,000 $ 5,503,000
Term deposit 3,197,000 3,265,000
Accounts receivable, net 3,206,000 2,549,000
Other receivables, net 464,000 1,910,000
Prepayment and deposit to suppliers 5,017,000 5,843,000
Due from related parties 333,000 41,000
Other current assets 43,000 45,000
Disposal Group, Including Discontinued Operation, Assets, Current 1,850,000 1,882,000
Total current assets 16,986,000 21,038,000
Long-term investments 1,561,000 1,133,000
Property and equipment, net 661,000 681,000
Intangible assets, net 6,868,000 5,638,000
Deposit and prepayment for purchasing of software technology 1,003,000 1,024,000
Goodwill 4,305,000 4,396,000
Deferred tax assets-non current 1,392,000 1,550,000
Total Assets 32,776,000 35,460,000
Current liabilities:    
Accounts payable * [1] 90,000 95,000
Advances from customers * [1] 800,000 1,313,000
Accrued payroll and other accruals * [1] 592,000 685,000
Guarantee payment and prepayment from new investors 924,000 944,000
Taxes payable * [1] 3,102,000 3,186,000
Other payables * [1] 448,000 234,000
Liabilities classified as held for sale * [1] 833,000 913,000
Total current liabilities 6,789,000 7,370,000
Deferred tax liability-non current * [1] 58,000 118,000
Long-term borrowing from a director 132,000 135,000
Total Liabilities 6,979,000 7,623,000
Commitments and contingencies 129,000
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 30,395,722 shares and 29,640,130 shares at June 30, 2016 and December 31, 2015, respectively) 30,000 30,000
Additional paid-in capital 27,645,000 26,510,000
Statutory reserves 2,607,000 2,607,000
Retained deficit (6,561,000) (3,870,000)
Accumulated other comprehensive income 1,607,000 2,056,000
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity 25,328,000 27,333,000
Noncontrolling interests 469,000 375,000
Total equity 25,797,000 27,708,000
Total Liabilities and Equity $ 32,776,000 $ 35,460,000
[1] 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 (Note 2).