Note 12 - Short-term Bank Loan

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Short-term Debt [Text Block]

12. Short-term bank loan

Short-term bank loan as of

June 30, 2017

and

December 31, 2016

represented short-term bank loans of

RMB5.0

million (approximately

US$0.7

million), in the aggregate, borrowed by

one

of the Company’s VIEs from a major financial institution in China to supplement its short-term working capital needs, of which

RMB3.0

million (approximately

US$0.4

million) matured and was repaid on

July 18, 2017,

the remaining RMB

2.0

million (approximately

US$0.3

million) will mature on

October 30, 2017.

The interest rate of these short-term bank loan is

5.22%

per annum, which is

20%

over the benchmark rate of the People’s Bank of China (the “PBOC”).