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Note 6 - Due From Related Parties, Net
3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Due from Related Parties Disclosure [Text Block]
6.
Due from related parties, net
 
   
March 31,
2020
 
December 31,
2019
    US$(’000)   US$(’000)
    (Unaudited)    
         
Zhongwang Xiyue Technology (Beijing) Co., Ltd. (“Zhongwang Xiyue”)    
51
     
81
 
Guohua Shiji (Beijing) Communication Co., Ltd. (“Guohua Shiji”)    
169
     
172
 
     
220
     
253
 
Allowance for doubtful accounts    
(169
)    
(172
)
Due from related parties, net    
51
     
81
 
 
Related parties of the Company represented the Company’s direct or indirect unconsolidated investee companies and entities that the Company’s officers or directors can exercise significant influence.
 
As of
March 31, 2020
and
December 31, 2019,
due from Zhongwang Xiyue represented the outstanding receivable for the advertising and marketing service that the Company provided to this related party in its normal course of business, which is on the same terms as those provided to its unrelated clients.
 
As of
March 31, 2020
and
December 31, 2019,
due from related parties also included a short-term working capital loan to Guohua Shiji. As of
March 31, 2020
and
December 31, 2019,
the Company had provided full allowance to against the remaining amount of this loan, as the business activities of Guohua Shiji had become dormant and recovery was considered remote.