Note 4 - Accounts Receivable, Net

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Accounts Receivable Disclosure [Text Block]

4. Accounts receivable, net

	As of December 31,
	2021			2020
	US$(’000)			US$(’000)
Accounts receivable		5,675			6,654
Allowance for doubtful accounts		(2,236	)		(4,247	)
Accounts receivable, net		3,439			2,407

All of the accounts receivable are non-interest bearing. Based on the assessment of the collectability of the accounts receivable as of December 31, 2021 and 2020, the Company provided approximately US$2.24 million and US$4.25 million allowance for doubtful accounts, respectively, which were primarily related to the accounts receivable of the Company’s Internet advertising and related services business segment with an aging over six months. The Company evaluates its accounts receivable with an aging over six months and determines the allowance based on aging data, historical collection experience, customer specific facts and economic conditions. For the years ended December 31, 2021 and 2020, approximately US$nil and US$0.83 million allowance for doubtful accounts was provided, respectively. For the year ended December 31, 2021, the Company also charged off approximately US$2.09 million accounts receivable balances against the related allowance for doubtful accounts, as all means of collection of these balances have been exhausted and the potential for recovery is considered remote.