Note 6 - Due From Related Parties, Net

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Due from Related Parties Disclosure [Text Block]

6. Due from related parties, net

	June 30, 2020			December 31, 2019
		US$('000)			US$('000)
		(Unaudited)
Zhongwang Xiyue Technology (Beijing) Co., Ltd. (“Zhongwang Xiyue”)		52			81
Guohua Shiji (Beijing) Communication Co., Ltd. (“Guohua Shiji”)		170			172
		222			253
Allowance for doubtful accounts		(170	)		(172	)
Due from related parties, net		52			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

June 30, 2020

and

December 31, 2019,

due from Zhongwang Xiyue represented the outstanding receivable for 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

June 30, 2020

and

December 31, 2019,

due from related parties also included a short-term working capital loan of

RMB1.2

million (approximately

US$0.17

million) to Guohua Shiji, which the Company had provided full allowance to against

.