XML 40 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 25 - Segment Reporting
 6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
25.
Segment reporting
 
The Company follows ASC Topic
280
“Segment Reporting”, which requires that companies disclose segment data based on how management makes decisions about allocating resources to segments and evaluating their performance. Reportable operating segments include components of an entity about which separate financial information is available and which operating results are regularly reviewed by the chief operating decision maker (“CODM”), the Company’s Chief Executive Officer, to make decisions about resources to be allocated to the segment and assess each operating segment’s performance.
 
Six Months Ended
June 30, 2018 (
Unaudited)
 
    Internet Ad.
and data service		   TV Ad.   Blockchain technology   Corporate   Inter-
segment and reconciling item		   Total
    US$
(‘000)		   US$
(‘000)		   US$
(‘000)		   US$
(‘000)		   US$
(‘000)		   US$
(‘000)
                         
Revenues    
30,689
      
91
      
-
      
371
 
    
(371
 )    
30,780
  
Cost of revenues    
29,173
      
38
      
-
      
-
 
    
-
      
29,211
  
Total operating expenses    
10,388
      
47
      
4
      
1,366
(1)
    
(371
 )    
11,434
  
Depreciation and amortization expense included in total operating expenses    
389
      
-
      
-
      
38
 
    
-
      
427
  
Impairment on goodwill included in total operating expenses    
5,412
      
-
      
-
      
-
 
    
-
      
5,412
  
Impairment on intangible assets included in total operating expenses    
1,878
      
-
      
-
      
-
 
    
-
      
1,878
  
Impairment on long-term investments included in total operating expenses    
-
      
-
      
-
      
471
 
    
-
      
471
  
Operating (loss)/income    
(8,872
 )    
6
      
(4
 )    
(995
)
    
-
      
(9,865
 )
                                                 
Change in fair value of warrant liabilities    
-
      
-
      
-
      
948
 
    
-
      
948
  
                                                 
Net (loss)/income    
(9,271
 )    
6
      
(4
 )    
(855
)
    
-
      
(10,124
 )
                                                 
Expenditure for long-term assets    
448
      
-
      
3,378
      
379
 
    
-
      
4,205
  
                                                 
Total assets – June 30, 2018    
12,518
      
335
      
3,447
      
19,524
 
    
(14,685
 )    
21,139
  
Total assets – December 31, 2017    
28,524
      
402
      
-
      
11,013
 
    
(11,379
 )    
28,560
  
 
(
1
)		 Including approximately
US$151,000
share-based compensation expenses.
 
Three Months Ended
June 30, 2018 (
Unaudited)
 
    Internet Ad.
and data service		   TV Ad.   Blockchain technology   Corporate   Inter- segment and reconciling item   Total
    US$
(‘000)		   US$
(‘000)		   US$
(‘000)		   US$
(‘000)		   US$
(‘000)		   US$
(‘000)
                         
Revenues    
22,520
      
-
      
-
      
-
 
    
-
      
22,520
  
Cost of revenues    
21,552
      
-
      
-
      
-
 
    
-
      
21,552
  
Total operating expenses    
8,766
      
25
      
4
      
493
(1)
    
-
      
9,288
  
Depreciation and amortization expense included in total operating expenses    
192
      
-
      
-
      
19
 
    
-
      
211
  
Impairment on goodwill included in total operating expenses    
5,412
      
-
      
-
      
-
 
    
-
      
5,412
  
Impairment on intangible assets included in total operating expenses    
1,878
      
-
      
-
      
-
 
    
-
      
1,878
  
Operating loss    
(7,798
 )    
(25
 )    
(4
 )    
(493
)
    
-
      
(8,320
 )
                                                 
Change in fair value of warrant liabilities    
-
      
-
      
-
      
(526
)
    
-
      
(526
 )
                                                 
Net loss    
(8,198
 )    
(14
 )    
(4
 )    
(1,338
)
    
-
      
(9,554
 )
                                                 
Expenditure for long-term assets    
-
      
-
      
2,178
      
378
 
    
-
      
2,556
  
 
(
1
)		 Including approximately
US$76,000
share-based compensation expenses.
 
Six Months Ended
June 30, 2017 (
Unaudited)
 
    Internet Ad.
and data service		   TV Ad.   Corporate   Inter- segment and reconciling item   Total
    US$
(‘000)		   US$
(‘000)		   US$
(‘000)		   US$
(‘000)		   US$
(‘000)
                     
Revenues    
17,764
      
-
      
-
 
    
-
      
17,764
  
Cost of revenues    
14,792
      
-
      
-
 
    
-
      
14,792
  
Total operating expenses    
3,182
      
56
      
1,205
(1)
    
-
      
4,443
  
Depreciation and amortization expense included in total operating expenses    
658
      
1
      
48
 
    
-
      
707
  
Operating loss    
(210
 )    
(56
 )    
(1,205
)
    
-
      
(1,471
 )
                                         
Expenditure for long-term assets    
-
      
-
      
2
 
    
-
      
2
  
                                         
Net loss    
(563
 )    
(56
 )    
(1,207
)
    
-
      
(1,826
 )
 
(
1
)		 Including approximately
US$348,000
share-based compensation expenses.
 
Three Months Ended
June 30, 2017 (
Unaudited)
 
    Internet Ad.
and data service		   TV Ad.   Corporate   Inter- segment and reconciling item   Total
    US$
(‘000)		   US$
(‘000)		   US$
(‘000)		   US$
(‘000)		   US$
(‘000)
                     
Revenues    
10,500
      
-
      
-
 
    
-
      
10,500
  
Cost of revenues    
8,800
      
-
      
-
 
    
-
      
8,800
  
Total operating expenses    
1,621
      
28
      
473
(1)
    
-
      
2,122
  
Depreciation and amortization expense included in total operating expenses    
329
      
1
      
23
 
    
-
      
353
  
Operating loss    
79
      
(28
 )    
(473
)
    
-
      
(422
 )
                                         
Expenditure for long-term assets    
-
      
-
      
2
 
    
-
      
2
  
                                         
Net loss    
(254
 )    
(28
 )    
(475
)
    
-
      
(757
 )
 
(
1
)		 Including approximately
US$137,000
share-based compensation expenses.