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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 1,483 $ 3,742
Accounts receivable, net of allowance for doubtful accounts of $3,651 and $3,393, respectively 6,830 6,359
Prepayment and deposit to suppliers 2,079 2,154
Due from related parties, net 207 226
Other current assets, net 9 19
Total current assets 10,608 12,500
Long-term investments 36
Property and equipment, net 112 142
Intangible assets, net 41 45
Operating lease right-of-use assets 20
Blockchain application platform development costs 3,731 3,725
Deferred tax assets, net 527 556
Total Assets 15,075 16,989
Current liabilities    
Short-term bank loan * [1] 891 874
Accounts payable * [1] 1,165 2,869
Advances from customers * [1] 1,644 1,061
Accrued payroll and other accruals * [1] 411 521
Taxes payable * [1] 3,120 2,997
Other current liabilities * 127 118
Total current liabilities 7,358 8,440
Long-term liabilities:    
Long-term borrowing from a director 130 128
Warrant liabilities 956 606
Total Liabilities 8,444 9,174
Commitments and contingencies
Equity:    
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 16,412,543 shares and 16,382,543 shares at March 31, 2019 and December 31, 2018, respectively) 16 16
Additional paid-in capital 38,288 38,275
Statutory reserves 2,607 2,607
Accumulated deficit (35,650) (34,512)
Accumulated other comprehensive income 1,422 1,457
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity 6,683 7,843
Noncontrolling interests (52) (49)
Total equity 6,631 7,794
Total Liabilities and Equity $ 15,075 $ 16,968
[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).