Note 14 - Taxation (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule Of Taxes Payable [Table Text Block]

	As of December 31,
	2020		2019
	US$('000)		US$('000)
Turnover tax and surcharge payable		1,353		1,244
Enterprise income tax payable		2,077		1,970
Taxes payable		3,430		3,214

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year Ended December 31,
	2020			2019
	US$('000)			US$('000)
Pre-tax loss		(5,078	)		(1,221	)
U.S. federal rate		21	%		21	%
Income tax benefit computed at U.S. federal rate		1,066			256
Reconciling items:
Rate differential for foreign earnings		74			137
Preferential tax treatment effect		(205	)		(109	)
Tax effect on non-taxable change in fair value of warrant liabilities		137			105
Provision of valuation allowance on deferred tax assets		(917	)		(177	)
Expired tax attribute carryforwards		(372	)		(253	)
Tax effect on other non-deductible expenses/non-taxable income		74			(8	)
Effective income tax expense		(143	)		(49	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year Ended December 31,
	2020			2019
	US$('000)			US$('000)
Current		-			(217	)
Deferred		(143	)		168
Income tax expense		(143	)		(49	)

Schedule Of Deferred Tax Assets [Table Text Block]

	As of December 31,
	2020			2019
	US$('000)			US$('000)
Tax effect of net operating losses carried forward		10,123			9,160
Bad debts provision		728			743
Valuation allowance		(10,245	)		(9,190	)
Total net deferred tax assets		606			713