Note 27 - Segment Reporting

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

27. 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.

For the year ended

December

31,

2016

	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		34,750			-			-			-			34,750
Cost of revenues		26,999			-			-			-			26,999
Total operating expenses		8,777			468			4,654	(1)		-			13,899
Impairment on long-term investments included in total operating expenses		-			-			159			-			159
Depreciation and amortization expense included in total operating expenses		1,470			2			100			-			1,572
Operating loss		(1,026	)		(468	)		(4,654	)		-			(6,148	)
Expenditure for long-term assets		2,003			-			114			-			2,117
Net loss from continuing operations		(1,154	)		(468	)		(4,663	)		-			(6,285	)
Total assets – December 31, 2016		29,520			348			11,882			(11,708	)		30,042

(1) Including approximately US$2,309,000 share-based compensation expenses.

For the year ended

December

31,

2015

	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		31,015			1,250			-			-			32,265
Cost of revenues		23,615			1,040			-			-			24,655
Total operating expenses		11,545			1,057			4,324	(1)		-			16,926
Gain on disposal of a VIE included in total operating expenses		-			-			(20	)		-			(20	)
Goodwill impairment and impairment on fixed assets and intangible assets included in total operating expenses		1,652			172			-			-			1,824
Impairment on long-term investments included in total operating expenses		-			-			874			-			874
Depreciation and amortization expense included in total operating expenses		1,539			121			45			-			1,705
Operating loss		(4,145	)		(847	)		(4,324	)		-			(9,316	)
Expenditure for long-term assets		3,308			-			156			-			3,464
Net loss from continuing operations		(2,769	)		(849	)		(4,100	)		-			(7,718	)
Total assets – December 31, 2015		33,727			3,148			17,362	(2)		(18,777	)		35,460

(1)

Including approximately

US$2,256,000

share-based compensation expenses.

(2)

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.