Note 2 - Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Variable Interest Entities [Table Text Block]

	September 30, 2016		December 31, 2015
	US$(’000)		US$(’000)
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	1,134	$	4,942
Term deposit		3,175		3,265
Accounts receivable, net		3,477		2,492
Other receivables, net		313		1,712
Prepayment and deposit to suppliers		6,750		5,841
Due from related parties		351		24
Other current assets		8		27
Assets classified as held for sale		1,764		1,882
Total current assets		16,972		20,185

Long-term investments		194		1,113
Property and equipment, net		301		503
Intangible assets, net		4,562		5,630
Deposit and prepayment for purchasing of software technology		996		1,024
Goodwill		4,275		4,396
Deferred tax assets-non current		1,003		1,249
Total Assets	$	28,303	$	34,100

Liabilities
Current liabilities:
Short-term bank loan	$	449	$	-
Accounts payable		99		88
Advances from customers		1,177		1,304
Accrued payroll and other accruals		260		309
Due to Control Group		10		11
Taxes payable		2,617		2,733
Other payables		181		67
Liabilities classified as held for sale		710		913
Total current liabilities		5,503		5,425

Deferred tax Liabilities-non current		29		118
Total Liabilities	$	5,532	$	5,543

Commitments and contingencies		-		129

Financial Performance of VIEs [Table Text Block]

	Nine Months Ended September 30,
	2016			2015
	US$(’000)			US$(’000)

Revenues	$	25,289		$	23,499
Cost of revenues		(19,186	)		(19,234	)
Total operating expenses		(6,384	)		(7,821	)
Loss from discontinued operations		(60	)		(204	)
Net loss before allocation to noncontrolling interests		(603	)		(2,993	)

	Three Months Ended September 30,
	2016			2015
	US$(’000)			US$(’000)

Revenues	$	11,902		$	8,422
Cost of revenues		(9,872	)		(7,047	)
Total operating expenses		(2,290	)		(2,959	)
Loss from discontinued operations		-			(95	)
Net loss before allocation to noncontrolling interests		(343	)		(1,283	)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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