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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,246,000 $ 5,503,000
Term deposit 3,175,000 3,265,000
Accounts receivable, net 3,484,000 2,549,000
Other receivables, net 355,000 1,910,000
Prepayment and deposit to suppliers 6,844,000 5,843,000
Due from related parties 368,000 41,000
Other current assets 28,000 45,000
Disposal Group, Including Discontinued Operation, Assets, Current 1,764,000 1,882,000
Total current assets 17,264,000 21,038,000
Long-term investments 1,550,000 1,133,000
Property and equipment, net 511,000 681,000
Intangible assets, net 6,467,000 5,638,000
Deposit and prepayment for purchasing of software technology 996,000 1,024,000
Goodwill 4,275,000 4,396,000
Deferred tax assets-non current 1,365,000 1,550,000
Total Assets 32,428,000 35,460,000
Current liabilities:    
Short-term bank loan * [1] 449,000
Accounts payable * [1] 115,000 95,000
Advances from customers * [1] 1,177,000 1,313,000
Accrued payroll and other accruals * [1] 537,000 685,000
Guarantee payment and prepayment from new investors 918,000 944,000
Taxes payable * [1] 3,068,000 3,186,000
Other payables * [1] 517,000 234,000
Liabilities classified as held for sale * [1] 710,000 913,000
Total current liabilities 7,491,000 7,370,000
Deferred tax liability-non current * [1] 29,000 118,000
Long-term borrowing from a director 131,000 135,000
Total Liabilities 7,651,000 7,623,000
Commitments and contingencies 129,000
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 12,158,542 shares and 11,856,304 shares at September 30, 2016 and December 31, 2015, respectively) 12,000 12,000
Additional paid-in capital 28,246,000 26,528,000
Statutory reserves 2,607,000 2,607,000
Retained deficit (8,033,000) (3,870,000)
Accumulated other comprehensive income 1,457,000 2,056,000
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity 24,289,000 27,333,000
Noncontrolling interests 488,000 375,000
Total equity 24,777,000 27,708,000
Total Liabilities and Equity $ 32,428,000 $ 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).