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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 1,379 $ 3,717
Term deposit, restricted 25 25
Accounts receivable, net of allowance for doubtful accounts of $1,373 and $3,393, respectively 6,749 6,359
Prepayment and deposit to suppliers, net 2,049 2,154
Due from related parties, net 226
Other current assets, net 8 19
Total current assets 10,210 12,500
Long-term investments 36
Property and equipment, net 99 142
Intangible assets, net 36 45
Operating lease right-of-use assets 17
Blockchain application platform development costs 3,724 3,725
Deferred tax assets, net 549 556
Total Assets 14,671 16,968
Current liabilities    
Short-term bank loan * [1] 873 874
Accounts payable * [1] 742 2,869
Accrued payroll and other accruals * [1] 289 521
Taxes payable * [1] 3,082 2,997
Lease payment liability related to a short-term lease * 118 [1]
Other current liabilities * [1] 162 118
Warrant liabilities 135 606
Total current liabilities 8,222 9,046
Long-term liabilities:    
Long-term borrowing from a director 127 128
Total Liabilities 8,349 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 June 30, 2019 and December 31, 2018, respectively) 16 16
Additional paid-in capital 38,301 38,275
Statutory reserves 2,607 2,607
Accumulated deficit (36,029) (34,512)
Accumulated other comprehensive income 1,481 1,457
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity 6,376 7,843
Noncontrolling interests (54) (49)
Total equity 6,322 7,794
Total Liabilities and Equity 14,671 16,968
Unrelated Parties [Member]    
Current liabilities    
Advance from customers * [1] 2,768 1,061
Related Parties [Member]    
Current liabilities    
Advance from customers * $ 53
[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).