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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues $ 12,304 $ 15,508 $ 27,104 $ 39,528
Total revenues 12,304 15,508 27,104 39,528
Cost of revenues 12,945 14,616 26,548 37,828
Gross profit/(loss) (641) 892 556 1,700
Operating expenses        
Sales and marketing expenses 58 111 293 461
General and administrative expenses 592 817 4,520 2,875
Research and development expenses 113 239 443 599
Total operating expenses 763 1,167 5,256 3,935
Loss from operations (1,404) (275) (4,700) (2,235)
Other income (expenses)        
Interest expense, net (1) 10 33
Other expenses (21) (2) (4) (6)
Change in fair value of warrant liabilities (64) (120) 4 351
Total other income (84) (132) 312
Loss before income tax benefit and noncontrolling interests (1,488) (407) (4,700) (1,923)
Income tax benefit 155 16 87 10
Net loss (1,333) (391) (4,613) (1,913)
Net loss attributable to noncontrolling interests 3 2 8
Net loss attributable to ZW Data Action Technologies Inc. (1,333) (388) (4,611) (1,905)
Net loss (1,333) (391) (4,613) (1,913)
Foreign currency translation (loss)/gain (203) 73 (135) 97
Comprehensive loss (1,536) (318) (4,748) (1,816)
Comprehensive loss attributable to noncontrolling interests 2 1 3 6
Comprehensive loss attributable to ZW Data Action Technologies Inc. $ (1,534) $ (317) $ (4,745) $ (1,810)
Loss per common share        
Basic and diluted (in dollars per share) $ (0.06) $ (0.02) $ (0.22) $ (0.12)
Weighted average number of common shares outstanding:        
Basic and diluted (in shares) 21,720,259 16,517,440 21,271,301 16,447,233
Unrelated Parties [Member]        
Revenues $ 12,300 $ 15,113 $ 27,086 $ 39,025
Total revenues 12,300 15,113 27,086 39,025
Related Parties [Member]        
Revenues 4 395 18 503
Total revenues $ 4 $ 395 $ 18 $ 503