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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents * [1] $ 4,454 $ 7,173
Accounts receivable, net of allowance for doubtful accounts of $2,454 and $2,236, respectively * [1] 3,238 3,439
Prepayment and deposit to suppliers * [1] 6,303 7,559
Due from related parties * [1] 15 90
Other current assets, net * [1] 1,602 1,657
Total current assets 15,612 19,918
Long-term investments * [1] 2,216 2,280
Operating lease right-of-use assets * [1] 2,038 2,019
Property and equipment, net * [1] 307 375
Intangible assets, net 6,440 7,523
Long-term deposits and prepayments * [1] 121 75
Deferred tax assets, net * [1] 423 441
Total Assets 27,157 32,631
Current liabilities:    
Accounts payable [1] 567 1,119
Advance from customers * [1] 794 1,245
Accrued payroll and other accruals* [1] 163 389
Taxes payable* [1] 3,376 3,534
Operating lease liabilities* [1] 391 202
Lease payment liability related to short-term leases * 105 152
Other current liabilities* [1] 136 141
Warrant liabilities 257 2,039
Total current liabilities 5,789 8,821
Long-term liabilities:    
Operating lease liabilities-Non current * [1] 1,748 1,907
Long-term borrowing from a related party 130 137
Total Liabilities 7,667 10,865
Commitments and contingencies
Equity:    
Common stock (US$0.001 par value; authorized 100,000,000 shares; issued and outstanding 35,827,677 shares and 35,332,677 shares at June 30, 2022 and December 31, 2021, respectively) 36 35
Additional paid-in capital 61,956 61,785
Statutory reserves 2,598 2,598
Accumulated deficit (46,165) (43,734)
Accumulated other comprehensive income 1,065 1,082
Total ZW Data Action Technologies Inc.’s stockholders’ equity 19,490 21,766
Total equity 19,490 21,766
Total Liabilities and Equity $ 27,157 $ 32,631
[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).