Note 5 - Accounts Receivable, Net

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Accounts Receivable Disclosure [Text Block]

5. Accounts receivable, net

	September 30, 2021			December 31, 2021
	US$(’000)			US$(’000)
	(Unaudited)
Accounts receivable		5,336			5,675
Allowance for doubtful accounts		(2,337	)		(2,236	)
Accounts receivable, net		2,999			3,439

All of the accounts receivable are non-interest bearing. Based on the assessment of the collectability of the accounts receivable as of September 30, 2022 and December 31, 2021, the Company provided approximately US$2.34 million and US$2.24 million allowance for doubtful accounts, respectively, which were primarily related to the accounts receivable of the Company’s Internet advertising and related services 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 nine and three months ended September 30, 2022, the Company provided approximately US$0.33 million and US$nil allowance for doubtful, respectively. For the nine and three months ended September 30, 2021, no allowance for doubtful accounts was provided.

ZW DATA ACTION TECHNOLOGIES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)