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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents * [1] $ 4,297 $ 1,603
Accounts receivable, net of allowance for doubtful accounts of $4,247 and $3,148, respectively * [1] 2,407 3,260
Prepayment and deposit to suppliers * [1] 4,657 6,980
Due from related parties, net * [1] 61 81
Other current assets, net * [1] 1,462 11
Total current assets 12,884 11,935
Long-term investments * [1] 67 35
Operating lease right-of-use assets * [1] 48 12
Property and equipment, net * [1] 60 78
Intangible assets, net * [1] 2,557 1,899
Blockchain platform applications development costs 4,406 3,879
Long-term prepayments 39
Deferred tax assets, net * [1] 606 713
Total Assets 20,667 18,551
Current liabilities:    
Short-term bank loan [1] 430
Accounts payable [1] 608 408
Advances from customers * [1] 1,436 2,006
Accrued payroll and other accruals [1] 489 491
Taxes payable [1] 3,430 3,214
Operating lease liabilities * 18
Lease payment liabilities related to short-term leases * 203 136
Other current liabilities [1] 333 221
Warrant liabilities 1,505 107
Total current liabilities 8,022 7,013
Long-term liabilities:    
Operating lease liabilities-Non current * 32
Long-term borrowing from a director 134 125
Total Liabilities 8,188 7,138
Commitments and contingencies
Equity:    
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 26,062,915 shares and 19,629,403 shares at December 31, 2020 and 2019, respectively) 26 20
Additional paid-in capital 49,772 43,111
Statutory reserves 2,598 2,607
Accumulated deficit (40,980) (35,773)
Accumulated other comprehensive income 1,129 1,505
Total ZW Data Action Technologies Inc.’s stockholders’ equity 12,545 11,470
Noncontrolling interests (66) (57)
Total equity 12,479 11,413
Total Liabilities and Equity $ 20,667 $ 18,551
[1] All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2).