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Note 4 - Accounts Receivable, Net
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Accounts Receivable Disclosure [Text Block]
4.
Accounts receivable, net
 
 
    As of December 31,
    2019   2018
    US$(’000)   US$(’000)
         
Accounts receivable    
6,408
     
9,752
 
Allowance for doubtful accounts    
(3,148
)    
(3,393
)
Accounts receivable, net    
3,260
     
6,359
 
 
All of the accounts receivable are non-interest bearing. Based on the assessment of the collectability of the accounts receivable as of
December 31, 2019
and
2018,
the Company provided approximately
US$3.15
million and
US$3.39
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 years ended
December 31, 2019
and
2018,
approximately
US$2.34
million and
US$0.76
million allowance for doubtful accounts was provided. For the year ended
December 31, 2019,
the Company also charged off approximately
US$2.5
million account receivable balances against the related allowance for doubtful accounts, as all means of collection of these balances have been exhausted and the potential for recovery is considered remote.