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Condensed Consolidated Balance Sheets (Current Period Unaudited)
¥ in Thousands, $ in Thousands
Mar. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Current assets:    
Cash and cash equivalents $ 1,047 $ 3,035
Term deposit 3,073 3,056
Accounts receivable, net 4,242 3,322
Prepayment and deposit to suppliers 7,928 4,754
Due from related parties, net 1,082 213
Other current assets 143 95
Total current assets 17,515 14,475
Long-term investments 1,348 1,340
Property and equipment, net 423 471
Intangible assets, net 7,001 7,264
Goodwill 4,998 4,970
Deferred tax assets 1,531 1,522
Total Assets 32,816 30,042
Current liabilities:    
Short-term bank loan * [1] 725 721
Accounts payable * [1] 398 102
Advances from customers * [1] 4,606 1,420
Accrued payroll and other accruals * [1] 597 685
Due to new investors related to terminated security purchase agreements 888 884
Payable for purchasing of software technology * 413 411
Taxes payable * [1] 2,963 2,910
Other payables * [1] 555 487
Total current liabilities 11,145 7,620
Long-term borrowing from a director 127 126
Total Liabilities 11,272 7,746
Equity:    
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 12,265,542 shares and 12,158,542 shares at March 31, 2017 and December 31, 2016, respectively) 12 12
Additional paid-in capital 29,496 29,285
Statutory reserves 2,607 2,607
Retained deficit (11,449) (10,362)
Accumulated other comprehensive income 843 700
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity 21,509 22,242
Noncontrolling interests 35 54
Total equity 21,544 22,296
Total Liabilities and Equity $ 32,816 $ 30,042
[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).