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Condensed Consolidated Statements of Operations and Comprehensive (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues $ 6,945 $ 14,551 $ 14,597 $ 22,947
Total revenues 6,945 14,551 14,597 22,947
Cost of revenues 7,026 14,769 14,544 23,882
Gross profit/(loss) (81) (218) 53 (935)
Operating expenses        
Sales and marketing expenses 78 73 147 101
General and administrative expenses 2,498 7,899 4,046 8,895
Research and development expenses 56 89 124 163
Total operating expenses 2,632 8,061 4,317 9,159
Loss from operations (2,713) (8,279) (4,264) (10,094)
Other income/(expenses)        
Interest income 29 1 75 2
Other (expenses)/income, net (19) 326 (28) 302
Loss on disposal of long-term investments 0 (38) 0 (38)
Change in fair value of warrant liabilities 987 4,322 1,782 6,829
Total other income 997 4,611 1,829 7,095
Loss before income tax benefit and noncontrolling interests (1,716) (3,668) (2,435) (2,999)
Income tax benefit 2 22 4 40
Net loss (1,714) (3,646) (2,431) (2,959)
Net income attributable to noncontrolling interests 0 0 0 (2)
Net loss attributable to ZW Data Action Technologies Inc. (1,714) (3,646) (2,431) (2,961)
Net loss (1,714) (3,646) (2,431) (2,959)
Foreign currency translation (loss)/gain 5 (4) (17) (23)
Comprehensive loss (1,709) (3,650) (2,448) (2,982)
Comprehensive (income)/loss attributable to noncontrolling interests 0 1 0 (1)
Comprehensive loss attributable to ZW Data Action Technologies Inc. $ (1,709) $ (3,649) $ (2,448) $ (2,983)
Loss per common share        
Basic and diluted (in dollars per share) $ (0.05) $ (0.11) $ (0.07) $ (0.10)
Weighted average number of common shares outstanding:        
Basic and diluted (in shares) 35,528,776 32,925,488 35,442,345 30,727,546
Unrelated Parties [Member]        
Revenues $ 6,945 $ 14,551 $ 14,597 $ 22,947
Total revenues 6,945 14,551 14,597 22,947
Related Parties [Member]        
Revenues 0 0 0 0
Total revenues $ 0 $ 0 $ 0 $ 0