Note 13 - Short-term Bank Loan

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Short-term Debt [Text Block]

13. Short-term bank loan

As of

December 31, 2016,

one

of the Company’s VIEs borrowed

two

short-term bank loans of

RMB5.0

million (approximately

US$0.7

million), in the aggregate, from a major financial institution in China to supplement its short-term working capital needs. The short-term bank loan of

RMB3.0

million (approximately

US$0.4

million) matured and was repaid on

July 18, 2017,

and was re-borrowed on

August 16, 2017,

which will mature on

August 15, 2018.

The remaining short-term bank loan of RMB

2.0

million (approximately

US$0.3

million) matured and was repaid on

October 18, 2017,

and was re-borrowed on

October 23, 2017,

which will mature on

October 22, 2018.

The current interest rate of these short-term bank loan is

5.655%

per annum, which is

30%

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