Note 8 - Due From Related Parties, Net

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Due from Related Parties Disclosure [Text Block]

8. Due from related parties, net

	September 30, 2017			December 31, 2016
	US$(’000)			US$(’000)
	(Unaudited)
Beijing Saimeiwei Food Equipment Technology Co., Ltd.		33			31
Chuangshi Meiwei (Beijing) International Investment Management Co., Ltd.		156			150
ChinaNet Chuang Tou (Shenzhen) Co., Ltd.		14			-
Guohua Shiji (Beijing) Communication Co., Ltd.		181			175
Beijing Saturday Education Technology Co., Ltd.		1			1
		385			357
Allowance for doubtful accounts		(151	)		(144	)
Due from related parties, net		234			213

Related parties of the Company represented the Company’s direct or indirect unconsolidated investee companies. As of

September 30, 2017

and

December 31, 2016,

due from related parties primarily included short-term working capital loans of

RMB1.0

million (approximately

US$0.15

million) and

RMB1.2

million (approximately

US$0.18

million) to Chuangshi Meiwei and Guohua Shiji, respectively. The working capital loans are lent to supplement the short-term operational needs of these related parties to assist certain of their business developing projects. The working capital loans are non-interest bearing and needs to be repaid to the Company within

one

year. Based on the assessment of the collectability, the Company provided approximately

US$151,000

and

US$144,000

allowance for doubtful accounts against its amounts due from related parties as of

September 30, 2017

and

December 31, 2016,

respectively, which was related to the working capital loan lent to Chuangshi Meiwei.