Note 7 - Other Current Assets, Net

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Other Current Assets [Text Block]

7. Other current assets, net

	June 30, 2022			December 31, 2021
	US$(’000)			US$(’000)
	(Unaudited)
Short-term loans to unrelated parties		2,197			1,646
Short-term loans interest receivables		12			-
Staff advances for business operations		10			11
Total other current assets		2,219			1,657
Allowance for doubtful accounts		(617	)		-
Other current assets, net		1,602			1,657

As of  June 30, 2022, other current assets primarily include an aggregate principal amount of approximately US$2.20 million unsecured working capital loans that the Company provided to unrelated parties and an approximately US$0.01 million interest receivable accrued for one of the working capital loans. For the six and three months ended June 30, 2022, based on the assessment of the collectability of these loans, the Company provided an approximately US$0.62 million allowance for doubtful accounts against one of the short-term loans. The remaining balances of these loans are expected to be fully repaid to the Company before  December 31, 2022.