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Note 22 - Segment Reporting
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
22.
 Segment reporting
 
The Company follows ASC Topic
280
“Segment Reporting”, which requires that companies disclose segment data based on how management makes decisions about allocating resources to segments and evaluating their performance. Reportable operating segments include components of an entity about which separate financial information is available and which operating results are regularly reviewed by the chief operating decision maker (“CODM”), the Company's Chief Executive Officer, to make decisions about resources to be allocated to the segment and assess each operating segment's performance.
 
Previously, the Company had
four
reportable segments, which were Internet advertising and related services, TV advertising service, Blockchain technology and Corporate. From fiscal
2020,
the Company has a new reportable segment, which is Ecommerce
O2O
advertising and marketing services segment. In additional, due to the Company's TV advertising business gradually became dormant since fiscal
2019,
and the remaining general operating expenses, net loss and total assets amounts of the Company's TV advertising segment were and are expected to continue be immaterial, the Company combines the results of operations of its TV advertising segment and other disclosure information with its new Ecommerce
O2O
advertising and marketing services segment in fiscal
2020.
As a result, the related disclosures for the year ended
December 31 2019
have been reclassified in comfort with the disclosures in fiscal
2020.
 
For the Year Ended
December 31, 2020
 
    Internet Ad.
and data service		   Ecommerce
O2O Ad and
marketing
services		   Blockchain technology   Corporate   Inter- segment and reconciling item   Total
     
US$('000)
      
US$('000)
      
US$('000)
      
US$('000)
 
    
US$('000)
      
US$('000)
  
                                                 
Revenues    
35,618
      
1,545
      
-
      
1,245
 
    
-
      
38,408
  
Cost of revenues    
35,700
      
1,500
      
-
      
576
 
    
-
      
37,776
  
Total operating expenses    
2,752
      
45
      
5
      
3,531
(1)
    
-
      
6,333
  
Depreciation and amortization expense included in total operating expenses    
825
      
25
      
2
      
4
 
    
-
      
856
  
Operating loss    
(2,834
 )    
-
      
(5
 )    
(2,862
)
    
-
      
(5,701
 )
                                                 
Change in fair value of warrant liabilities    
-
      
-
      
-
      
653
 
    
-
      
653
  
                                                 
Net loss    
(3,071
 )    
-
      
(6
 )    
(2,144
)
    
-
      
(5,221
 )
                                                 
Expenditure for long-term assets    
-
      
1,500
      
503
      
-
 
    
-
      
2,003
  
                                                 
Total assets-December 31, 2020    
8,310
      
3,206
      
4,409
      
27,766
 
    
(23,024
 )    
20,667
  
(
1
) Including approximately
US$2,152,000
share-based compensation expenses.
 
For the Year Ended
December 31, 2019
 
    Internet Ad.
and data service		   Ecommerce
O2O Ad and
marketing
services		   Blockchain technology   Corporate   Inter- segment and reconciling item   Total
    US$('000)   US$('000)   US$('000)   US$('000)   US$('000)   US$('000)
                         
Revenues    
56,878
      
-
      
-
      
1,202
 
    
-
      
58,080
  
Cost of revenues    
52,582
      
-
      
-
      
-
 
    
-
      
52,582
  
Total operating expenses    
5,176
      
47
      
20
      
1,943
(1)
    
-
      
7,186
  
Depreciation and amortization expense included in total operating expenses    
150
      
-
      
2
      
18
 
    
-
      
170
  
Operating loss    
(880
 )    
(47
 )    
(20
 )    
(741
)
    
-
      
(1,688
 )
                                                 
Change in fair value of warrant liabilities    
-
      
-
      
-
      
499
 
    
-
      
499
  
                                                 
Net loss    
(778
 )    
(44
 )    
(20
 )    
(428
)
    
-
      
(1,270
 )
                                                 
Expenditure for long-term assets    
1,962
      
-
      
160
      
-
 
    
-
      
2,122
  
                                                 
Total assets-December 31, 2019    
13,332
      
2,075
      
3,885
      
21,338
 
    
(22,079
 )    
18,551
  
(
1
) Including approximately
US$393,000
share-based compensation expenses.