XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited)
¥ in Thousands, $ in Thousands
Jun. 30, 2017
USD ($)
Dec. 31, 2016
USD ($)
Current assets:    
Cash and cash equivalents $ 1,816 $ 3,035
Term deposit 3,129 3,056
Accounts receivable, net 5,091 3,322
Prepayment and deposit to suppliers 4,693 4,754
Due from related parties, net 229 213
Other current assets 183 95
Total current assets 15,141 14,475
Long-term investments 1,373 1,340
Property and equipment, net 382 471
Intangible assets, net 6,823 7,264
Goodwill 5,090 4,970
Deferred tax assets 1,444 1,522
Total Assets 30,253 30,042
Current liabilities:    
Short-term bank loan * [1] 738 721
Accounts payable * [1] 130 102
Advances from customers * [1] 2,519 1,420
Accrued payroll and other accruals * [1] 467 685
Due to new investors related to terminated security purchase agreements 905 884
Payable for purchasing of software technology * 421 411
Taxes payable * [1] 3,019 2,910
Other payables * [1] 675 487
Total current liabilities 8,874 7,620
Long-term borrowing from a director 129 126
Total Liabilities 9,003 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 June 30, 2017 and December 31, 2016, respectively) 12 12
Additional paid-in capital 29,633 29,285
Statutory reserves 2,607 2,607
Accumulated deficit (12,238) (10,362)
Accumulated other comprehensive income 1,167 700
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity 21,181 22,242
Noncontrolling interests 69 54
Total equity 21,250 22,296
Total Liabilities and Equity $ 30,253 $ 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).