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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents * [1] $ 15,785 $ 4,297
Accounts receivable, net of allowance for doubtful accounts of $4,217 and $4,247, respectively * [1] 1,694 2,407
Prepayment and deposit to suppliers * [1] 7,194 4,657
Due from related parties, net * [1] 102 61
Other current assets, net * [1] 1,765 1,462
Total current assets 26,540 [1] 12,884
Long-term investments * [1] 404 67
Operating lease right-of-use assets * [1] 2,199 48
Property and equipment, net * [1] 61 60
Intangible assets, net * [1] 3,603 2,557
Blockchain platform applications development costs 4,403 4,406
Long-term deposits and prepayments * [1] 793 39
Deferred tax assets, net * [1] 624 606
Total Assets 38,627 20,667
Current liabilities:    
Accounts payable [1] 1,226 608
Advances from customers * [1] 1,592 1,436
Accrued payroll and other accruals [1] 286 489
Taxes payable [1] 3,385 3,430
Operating lease liabilities * [1] 267 18
Lease payment liabilities related to short-term leases * [1] 200 203
Other current liabilities [1] 306 333
Warrant liabilities 10,919 1,505
Total current liabilities 18,181 8,022
Long-term liabilities:    
Operating lease liabilities-Non current * [1] 1,953 32
Long-term borrowing from a director 133 134
Total Liabilities 20,267 8,188
Commitments and contingencies
Equity:    
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 31,304,915 shares and 26,062,915 shares at March 31, 2021 and December 31, 2020, respectively) 31 26
Additional paid-in capital 54,980 49,772
Statutory reserves 2,598 2,598
Accumulated deficit (40,295) (40,980)
Accumulated other comprehensive income 1,110 1,129
Total ZW Data Action Technologies Inc.’s stockholders’ equity 18,424 12,545
Noncontrolling interests (64) (66)
Total equity 18,360 12,479
Total Liabilities and Equity $ 38,627 $ 20,667
[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).