Note 27 - Share-based Compensation Expenses

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

27. Share-based compensation expenses

In

July 2017,

the Company issued

75,000

shares of the Company’s restricted common stock to

two

management consulting service providers in exchange for its services to the Company for a

12

-month period commencing on

July 1, 2017.

These shares were valued at

US$1.67

per share, the closing bid price of the Company’s common stock on the earlier of the performance commitment date or the date service was completed. Total compensation expense recognized for the

nine

and

three

months ended

September 30, 2018

was approximately

US$62,600

and US$nil, respectively.

On

September 14, 2015,

under its

2015

Omnibus Securities and Incentive Plan, the Company granted its employees in the aggregate of

266,238

shares of the Company’s restricted common stock, which vested on the

third

anniversary of the date of the grant. These shares were valued at

US$2.10

per share, the closing bid price of the Company’s common stock on the date of grant. Total compensation expenses recognized for the

nine

and

three

months ended

September 30, 2018

was approximately

US$152,000

and

US$64,300,

respectively.

Options issued and outstanding at

September 30, 2018

and their movements during the

nine

months then ended are as follows:

	Option Outstanding						Option Exercisable
	Number of underlying shares		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Number of underlying shares		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
Balance, January 1, 2018		835,216		3.04	$	2.49		835,216		3.04	$	2.49
Granted/Vested		-						-
Forfeited		-						-
Exercised		-						-
Balance, September 30, 2018 (unaudited)		835,216		2.29	$	2.49		835,216		2.29	$	2.49

The table below summarized share-based compensation expenses recorded for the

nine

and

three

months ended

September 30, 2018

and

2017,

respectively:

	Nine Months Ended September 30,				Three Months Ended September 30,
	2018		2017		2018		2017
	US$(’000)		US$(’000)		US$(’000)		US$(’000)
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Sales and marketing expenses		47		72		20		22
General and administrative expenses		131		357		29		95
Research and development expenses		37		55		15		19
Total		215		484		64		136

The aggregate unrecognized share-based compensation expenses as of

September 30, 2018

and

2017

is approximately US$nil and

US$233,000

respectively.