Note 4 - Accounts Receivable, Net

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Accounts Receivable Disclosure [Text Block]

4. Accounts receivable, net

	September 30, 2019			December 31, 2018
	US$(’000)			US$(’000)
	(Unaudited)
Accounts receivable		7,344			9,752
Allowance for doubtful accounts		(1,324	)		(3,393	)
Accounts receivable, net		6,020			6,359

All of the accounts receivable are non-interest bearing. Based on the assessment of the collectability of the accounts receivable as of

September 30, 2019

and

December 31, 2018

the Company provided approximately

US$1.3

million and

US$3.4

million allowance for doubtful accounts, respectively, which were primarily related to the accounts receivable of the Company’s internet advertising and TV advertising business segment with an aging over

six

months. The Company evaluates its accounts receivable with an aging over

six

months and determines the allowance based on aging data, historical collection experience, customer specific facts and economic conditions. For the

nine

months ended

September 30, 2019

and

2018,

approximately

US$0.45

million and

US$0.76

million allowance for doubtful accounts was provided, respectively. For the

three

months ended

September 30, 2019,

approximately US$

nil

million allowance for doubtful accounts was provided. For the

three

months ended

September 30, 2018,

approximately

US$0.04

million allowance for doubtful accounts was reversed due to subsequent collection. For the

nine

months ended

September 30, 2019,

the Company also charged off approximately

US$2.4

million account receivable balances against the allowance, as a

ll means of collection have been exhausted and the potential for recovery is considered remote

.