Note 2 - Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Variable Interest Entities [Table Text Block]

	As of December 31,
	2020		2019
	US$('000)		US$('000)
Assets
Current assets:
Cash and cash equivalents	$	277	$	699
Accounts receivable, net		1,142		2,876
Prepayment and deposit to suppliers		2,818		3,998
Due from related parties, net		61		81
Other current assets, net		10		6
Total current assets		4,308		7,660

Long-term investments		67		35
Operating lease right-of-use assets		48		12
Property and equipment, net		32		40
Intangible assets, net		9		25
Deferred tax assets		536		713
Total Assets	$	5,000	$	8,485

Liabilities
Current liabilities:
Short-term bank loan	$	-	$	430
Accounts payable		270		408
Advances from customers		1,436		2,006
Accrued payroll and other accruals		168		132
Taxes payable		2,755		2,568
Operating lease liabilities		18		-
Lease payment liabilities related to short-term leases		108		19
Other current liabilities		213		84
Total current liabilities		4,968		5,647

Operating lease liabilities-Non current		32		-
Total Liabilities	$	5,000	$	5,647

Financial Performance of VIEs [Table Text Block]

	Year Ended December 31,
	2020		2019
	US$('000)		US$('000)

Revenues	$	34,418	$	56,172
Cost of revenues		34,637		52,582
Total operating expenses		1,635		4,652
Net loss before allocation to noncontrolling interests		2,092		929

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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