XML 29 R13.htm IDEA: XBRL DOCUMENT v3.19.1
Note 5 - Other Receivables, Net
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
5.
 Other receivables, net
 
    As of December 31,
    2018   2017
    US$(’000)   US$(’000)
                 
Short-term working capital loan to unrelated parties    
146
      
2,602
  
Staff advances for normal business purpose    
19
      
44
  
Overdue deposits    
1,619
      
893
  
     
1,784
      
3,539
  
Allowance for doubtful accounts    
(1,765
 )    
(893
 )
Other receivables, net    
19
      
2,646
  
 
Other receivables as of
December 31, 2017
primarily represented a short-term working capital loan of approximately
RMB17.0
million (approximately
US$2.6
million) to an unrelated
third
party, which was fully repaid during the
first
fiscal quarter of
2018.
 
Short-term working capital loan to unrelated parties as of
December 31, 2018
represented a loan of approximately
RMB1.0
million (approximately
US$0.15
million) lent to a former unconsolidated investee of the Company and was reclassified from due from related parties as the Company disposed its investment in this entity during
2018.
The Company had provided full allowance against this loan before the reclassification (See Note
7
).
 
As of
December 31, 2018
and
2017,
other receivables also included an approximately
RMB11.1
million (approximately
US$1.62
million) and
RMB5.8
million (
US$0.89
million) overdue contractual deposits, respectively, 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
December 31, 2018
and
2017,
the Company had provided full allowance against these doubtful accounts.
 
For the year ended
December 31, 2018,
approximately
US$0.80
million allowance for doubtful accounts was provided to against the Company’s other receivables. For the year ended
December 31, 2017,
approximately
US$0.03
million allowance for doubtful accounts related to other receivables was reversed due to subsequent collection.