Note 26 - Segment Reporting

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

26. 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.

Nine Months Ended September 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		25,398			-			-			-			25,398
Cost of revenues		19,269						-			-			19,269
Total operating expenses		6,625			106			3,158	(1)		-			9,889
Depreciation and amortization expense included in total operating expenses		1,079			15			76			-			1,170
Operating loss		(496	)		(106	)		(3,158	)		-			(3,760	)
Expenditure for long-term assets		2,036			-			103			-			2,139
Net loss from continuing operations		(758	)		(105	)		(3,096	)		-			(3,959	)
Total assets – September 30, 2016		28,206			973			16,045	(2)		(12,796	)		32,428
Total assets – December 31, 2015		33,727			3,148			17,362	(3)		(18,777	)		35,460

(1) Including approximately US$1,718,000 share-based compensation expenses.

(2) Including approximately US$1,764,000 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 September 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		11,902			-			-			-		11,902
Cost of revenues		9,874			-			-			-		9,874
Total operating expenses		2,418			30			944	(1)		-		3,392
Depreciation and amortization expense included in total operating expenses		367			14			29			-		410
Operating loss		(390	)		(30	)		(944	)		-		(1,364	)
Expenditure for long-term assets		-			-			-			-		-
Net loss from continuing operations		(474	)		(29	)		(948	)		-		(1,451	)

(1) Including approximately US$583,000 share-based compensation expenses.

Nine Months Ended September 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		22,540			1,261			-			-		23,801
Cost of revenues		18,171			1,063			-			-		19,234
Total operating expenses		7,570			322			2,549	(1)		-		10,441
Depreciation and amortization expense included in total operating expenses		1,152			92			29					1,273
Operating loss		(3,201	)		(124	)		(2,549	)		-		(5,874	)
Expenditure for long-term assets		4,036			-			152			-		4,188
Net loss from continuing operations		(2,458	)		(98	)		(2,550	)		-		(5,106	)

(1) Including approximately US$1,637,000 share-based compensation expenses.

Three Months Ended September 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		8,456			42			-			-		8,498
Cost of revenues		7,030			17			-			-		7,047
Total operating expenses		2,938			41			1,030	(1)		-		4,009
Depreciation and amortization expense included in total operating expenses		375			29			13			-		417
Operating loss		(1,512	)		(16	)		(1,030	)		-		(2,558	)
Expenditure for long-term assets		2,072			-			138			-		2,210
Net (loss)/income from continuing operations		(1,127	)		1			(1,034	)		-		(2,160	)

(1) Including approximately US$681,000 share-based compensation expenses.