Note 5 - Other Receivables, Net

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

5. Other receivables, net

Other receivables as of

June 30, 2018

primarily represented an aggregate of

RMB0.70

million (approximately

US$0.11

million) short-term loans to an unrelated entity, of which

RMB0.50

million (approximately

US$0.08

million) was lent on

June 1, 2018

and will mature on

August 31, 2018,

the remaining

RMB0.20

million (approximately

US$0.03

million) was lent on

June 25, 2018

and will mature on

August 24, 2018.

The loans were unsecured, and the borrower agreed to pay the Company an annualized interest rate of

12%

per annum.

Other receivables as of

December 31, 2017

primarily represented the remaining balance of a short-term working capital loan to another unrelated entity, which was fully repaid during the

first

fiscal quarter of

2018.

As of

June 30, 2018

and

December 31, 2017,

other receivables also included approximately

RMB5.8

million (

US$0.9

million) overdue contractual deposits, which were related to advertising resources purchase contracts that had been completed with

no

further cooperation. Based on the assessment of the collectability of these overdue deposits as of

June 30, 2018

and

December 31, 2017,

the Company had provided full allowance against these doubtful accounts.

For the

six

and

three

months ended

June 30, 2018,

no

allowance for doubtful accounts was provided or reversed against the Company’s other receivables. For the

six

months ended

June 30, 2017,

approximately

US$0.03

million allowance for doubtful accounts related to the Company’s other receivables was reversed due to subsequent collection. For the

three

months ended

June 30, 2017,

no

allowance for doubtful accounts related to the Company’s other receivables was provided or reversed.