Note 6 - Other Receivables, Net

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

6. Other receivables, net

	September 30, 2016			December 31, 2015
	US$(’000)			US$(’000)
	(Unaudited)
Term deposit interest receivable		18			48
Staff advances for normal business purpose		37			243
TV advertisement deposit and prepayment receivable		-			1,157
Overdue deposits		949			1,130
Allowance for doubtful debts		(649	)		(668	)
Other receivables, net		355			1,910

TV advertisement deposit and prepayment receivable as of December 31, 2015 represented the uncollected portion of the deposit and prepayment made to an agent of one of the provincial satellite TV stations partnered with the Company. The Company terminated its cooperation with this TV station and its agent upon expiration of the 2014 contract on December 31, 2014. The remaining balance of this deposit and prepayment as of December 31, 2015 was collected in January 2016.

For advertising resources purchase contracts signed by the Company with its resources providers, the Company was required to make deposits, which were either applied to the contract amounts that were needed to be paid with the consent of the counterparty or to be refunded to the Company of the remaining balance upon expiration of the cooperation. Overdue deposits represented the portion of the contractual deposits, which related advertising resources purchase contracts had been completed as of each of the reporting dates with no further cooperation. Based on the assessment of the collectability of these overdue deposits as of September 30, 2016 and December 31, 2015, the Company provided approximately US$649,000 and US$668,000 allowance for doubtful accounts, respectively, which was related to the deposits of its internet advertising and TV advertising business segment. For the nine and three months ended September 30, 2016, no allowance for doubtful accounts was provided or reversed. For the nine and three months ended September 30, 2015, approximately US$162,000 allowance for doubtful accounts was provided.