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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 3,035 $ 5,503
Term deposit 3,056 3,265
Accounts receivable, net 3,322 2,549
Other receivables, net 89 1,910
Prepayment and deposit to suppliers 4,754 5,843
Due from related parties, net 213 41
Other current assets 6 45
Disposal Group, Including Discontinued Operation, Assets, Current 1,882
Total current assets 14,475 21,038
Long-term investments 1,340 1,133
Property and equipment, net 471 681
Intangible assets, net 7,264 5,638
Prepayment for purchasing of software technology 1,024
Goodwill 4,970 4,396
Deferred tax assets-non current 1,522 1,550
Total Assets 30,042 35,460
Current liabilities:    
Short-term bank loan * [1] 721
Accounts payable * [1] 102 95
Advances from customers * [1] 1,420 1,313
Accrued payroll and other accruals * [1] 685 685
Guarantee payment and prepayment from investors 884 944
Payable for purchasing of software technology * [1] 411
Taxes payable * [1] 2,910 3,186
Other payables * [1] 487 234
Liabilities classified as held for sale * [1] 913
Total current liabilities 7,620 7,370
Deferred tax liability-non current * [1] 118
Long-term borrowing from a director 126 135
Total Liabilities 7,746 7,623
Commitments and contingencies 129
Equity:    
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 December 31, 2016 and 2015, respectively) 12 12
Additional paid-in capital 29,285 26,528
Statutory reserves 2,607 2,607
Retained deficit (10,362) (3,870)
Accumulated other comprehensive income 700 2,056
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity 22,242 27,333
Noncontrolling interests 54 375
Total equity 22,296 27,708
Total Liabilities and Equity $ 30,042 $ 35,460
[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).