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Condensed Consolidated Balance Sheets (Current Period Unaudited)
¥ in Thousands, $ in Thousands
Sep. 30, 2017
USD ($)
Dec. 31, 2016
USD ($)
Current assets:    
Cash and cash equivalents $ 1,234 $ 3,035
Term deposit 3,056
Accounts receivable, net 4,653 3,322
Other receivables, net 2,863
Prepayment and deposit to suppliers 5,450 4,754
Due from related parties, net 234 213
Other current assets 95 95
Total current assets 14,529 14,475
Long-term investments 949 1,340
Property and equipment, net 341 471
Intangible assets, net 6,653 7,264
Goodwill 5,195 4,970
Deferred tax assets 1,473 1,522
Total Assets 29,140 30,042
Current liabilities:    
Short-term bank loan * [1] 753 721
Accounts payable * [1] 625 102
Advances from customers * [1] 2,267 1,420
Accrued payroll and other accruals * [1] 529 685
Due to new investors related to terminated security purchase agreements 923 884
Payable for purchasing of software technology * 429 411
Taxes payable * [1] 3,089 2,910
Other payables * [1] 715 487
Total current liabilities 9,330 7,620
Long-term borrowing from a director 132 126
Total Liabilities 9,462 7,746
Commitments and contingencies
Equity:    
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 12,340,542 shares and 12,158,542 shares at September 30, 2017 and December 31, 2016, respectively) 12 12
Additional paid-in capital 29,769 29,285
Statutory reserves 2,607 2,607
Accumulated deficit (14,325) (10,362)
Accumulated other comprehensive income 1,504 700
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity 19,567 22,242
Noncontrolling interests 111 54
Total equity 19,678 22,296
Total Liabilities and Equity $ 29,140 $ 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).