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Condensed Consolidated Balance Sheets (Current Period Unaudited)
¥ in Thousands, $ in Thousands
Sep. 30, 2018
USD ($)
Dec. 31, 2017
USD ($)
Current assets:    
Cash and cash equivalents $ 5,919 $ 2,952
Accounts receivable, net 7,519 7,215
Other receivables, net 247 2,646
Prepayment and deposit to suppliers 2,183 4,073
Due from related parties, net 14
Total current assets 15,868 16,900
Long-term investments 918
Property and equipment, net 176 299
Intangible assets, net 50 3,808
Blockchain software applications development costs 3,375
Prepayment for software applications development 349
Goodwill 5,277
Deferred tax assets, net 527 1,358
Total Assets 20,345 28,560
Current liabilities:    
Short-term bank loan * [1] 1,163 765
Accounts payable * [1] 3,745 2,851
Advances from customers * [1] 2,032 3,559
Accrued payroll and other accruals * [1] 396 559
Payable for acquisition of noncontrolling interest * 218
Due to investors related to terminated security purchase agreements 938
Payable for purchasing of software technology * [1] 436
Taxes payable * [1] 2,955 3,168
Other payables * [1] 124 687
Total current liabilities 10,633 12,963
Long-term liabilities:    
Long-term borrowing from a director 127 134
Warrant liabilities 826
Total Liabilities 11,586 13,097
Commitments and contingencies
Equity:    
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 16,132,543 shares and 13,982,542 shares at September 30, 2018 and December 31, 2017, respectively) 16 14
Additional paid-in capital 37,917 31,554
Statutory reserves 2,607 2,607
Accumulated deficit (33,375) (20,487)
Accumulated other comprehensive income 1,616 1,598
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity 8,781 15,286
Noncontrolling interests (22) 177
Total equity 8,759 15,463
Total Liabilities and Equity $ 20,345 $ 28,560
[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).