Note 25 - Segment Reporting

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

25. 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.

Six Months Ended June 30, 2016 (Unaudited)

	Internet Ad. and data service			TV & Bank kiosks Ad.			Others			Inter- segment and reconciling item			Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)
Revenues		13,496			-			-			-			13,496
Cost of revenues		9,395						-			-			9,395
Total operating expenses		4,207			76			2,214	(1)		-			6,497
Depreciation and amortization expense included in total operating expenses		712			1			47			-			760
Operating loss		(106	)		(76	)		(2,214	)		-			(2,396	)
Expenditure for long-term assets		2,036			-			103			-			2,139
Net loss from continuing operations		(284	)		(76	)		(2,148	)		-			(2,508	)
Total assets – June 30, 2016		28,262			1,534			16,377	(2)		(13,397	)		32,776
Total assets – December 31, 2015		33,727			3,148			17,362	(3)		(18,777	)		35,460

(1) Including approximately US$1,135,000 share-based compensation expenses.

(2) Including approximately US$1,850,000 total assets classified as held for sale.

(3) Including approximately US$182,000 total assets held by brand management and sale channel building segment and US$1,882,000 assets classified as held for sale.

Three Months Ended June 30, 2016 (Unaudited)

	Internet Ad. and data service		TV & Bank kiosks Ad.			Others			Inter- segment and reconciling item		Total
	US$ (‘000)		US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)
Revenues		8,436		-			-			-		8,436
Cost of revenues		5,939		-			-			-		5,939
Total operating expenses		2,302		28			1,155	(1)		-		3,485
Depreciation and amortization expense included in total operating expenses		354		1			21			-		376
Operating income/(loss)		195		(28	)		(1,155	)		-		(988	)
Expenditure for long-term assets		627		-			1			-		628
Net income/(loss) from continuing operations		8		(28	)		(1,123	)		-		(1,143	)

(1) Including approximately US$571,000 share-based compensation expenses.

Six Months Ended June 30, 2015 (Unaudited)

	Internet Ad. and data service			TV & Bank kiosks Ad.			Others			Inter- segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)
Revenues		14,084			1,219			-			-		15,303
Cost of revenues		11,141			1,046			-			-		12,187
Total operating expenses		4,632			281			1,519	(1)		-		6,432
Depreciation and amortization expense included in total operating expenses		777			63			16					856
Operating loss		(1,689	)		(108	)		(1,519	)		-		(3,316	)
Expenditure for long-term assets		1,964			-			14			-		1,978
Net loss from continuing operations		(1,331	)		(99	)		(1,516	)		-		(2,946	)

(1) Including approximately US$956,000 share-based compensation expenses.

Three Months Ended June 30, 2015 (Unaudited)

	Internet Ad. and data service			TV & Bank kiosks Ad.		Others			Inter- segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)		US$ (‘000)			US$ (‘000)		US$ (‘000)
Revenues		8,486			1,093		-			-		9,579
Cost of revenues		6,386			933		-			-		7,319
Total operating expenses		2,535			154		823	(1)		-		3,512
Depreciation and amortization expense included in total operating expenses		389			32		7			-		428
Operating (loss)/income		(435	)		6		(823	)		-		(1,252	)
Expenditure for long-term assets		1,638			-		14			-		1,652
Net (loss)/income from continuing operations		(343	)		15		(821	)		-		(1,149	)

(1) Including approximately US$501,000 share-based compensation expenses.