Note 4 - Term Deposit

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Term Deposit [Text Block]

4. Term deposit

Term deposit as of September 30, 2016 and December 31, 2015 represented the amount of cash placed as a term deposit by one of the Company’s operating VIEs in a major financial institution in China, which management believes is of high credit quality. The term deposit matured on July 7, 2016 and was extended to July 7, 2017. The interest rate of the term deposit is 2.25% per annum.