XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Revenues $ 22,520,000 $ 10,500,000 $ 30,780,000 $ 17,764,000
Cost of revenues 21,552,000 8,800,000 29,211,000 14,792,000
Gross profit 968,000 1,700,000 1,569,000 2,972,000
Operating expenses        
Sales and marketing expenses 280,000 825,000 844,000 1,659,000
General and administrative expenses 1,478,000 992,000 2,867,000 2,084,000
Research and development expenses 240,000 305,000 433,000 700,000
Impairment on intangible assets 1,878,000 1,878,000
Impairment on goodwill 5,412,000 5,412,000
Total operating expenses 9,288,000 2,122,000 11,434,000 4,443,000
Loss from operations (8,320,000) (422,000) (9,865,000) (1,471,000)
Other income (expenses)        
Impairment on long-term investments (471,000)
Interest expense, net (9,000) (19,000) (19,000) (36,000)
Other expenses (6,000) (203,000) (28,000) (206,000)
Change in fair value of warrant liabilities (526,000) 948,000
Total other income/(expenses) (541,000) (222,000) 430,000 (242,000)
Loss before income tax expense and noncontrolling interests (8,861,000) (644,000) (9,435,000) (1,713,000)
Income tax expense (693,000) (113,000) (689,000) (113,000)
Net loss (9,554,000) (757,000) (10,124,000) (1,826,000)
Net loss/(income) attributable to noncontrolling interests 50,000 (32,000) 55,000 (50,000)
Net loss attributable to ChinaNet Online Holdings, Inc. (9,504,000) (789,000) (10,069,000) (1,876,000)
Net (loss)/income (9,554,000) (757,000) (10,124,000) (1,826,000)
Foreign currency translation gain/(loss) (280,000) 326,000 194,000 432,000
Comprehensive loss (9,834,000) (431,000) (9,930,000) (1,394,000)
Comprehensive loss/(income) attributable to noncontrolling interests 52,000 (34,000) 49,000 (15,000)
Comprehensive loss attributable to ChinaNet Online Holdings, Inc. $ (9,782,000) $ (465,000) $ (9,881,000) $ (1,409,000)
Loss per share        
Basic and diluted (in dollars per share) $ (0.60) $ (0.07) $ (0.64) $ (0.16)
Weighted average number of common shares outstanding:        
Basic and diluted (in shares) 15,866,305 11,999,304 15,676,249 11,990,950
Unrelated Parties [Member]        
Revenues        
Revenues $ 22,520,000 $ 10,417,000 $ 30,780,000 $ 17,662,000
Related Parties [Member]        
Revenues        
Revenues $ 83,000 $ 102,000