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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues $ 7,216 $ 11,900 $ 21,813 $ 34,847
Total revenues 7,216 11,900 21,813 34,847
Cost of revenues 7,267 11,857 21,811 35,739
Gross profit/(loss) (51) 43 2 (892)
Operating expenses        
Sales and marketing expenses 72 58 219 159
General and administrative expenses 1,651 1,471 5,697 10,366
Research and development expenses 57 88 181 251
Total operating expenses 1,780 1,617 6,097 10,776
Loss from operations (1,831) (1,574) (6,095) (11,668)
Other income/(expenses)        
Interest income 21 1 96 3
Other (expenses)/income, net (5) (37) (33) 265
Loss on disposal of long-term investments 0 0 0 (38)
Change in fair value of warrant liabilities (1,023) 2,853 759 9,682
Total other income/(expenses) (1,007) 2,817 822 9,912
(Loss)/income before income tax benefit/(expense) and noncontrolling interests (2,838) 1,243 (5,273) (1,756)
Income tax benefit/(expenses) (2) 131 2 171
Net (loss)/income (2,840) 1,374 (5,271) (1,585)
Net (income)/loss attributable to noncontrolling interests 0 1 0 (1)
Net (loss)/income attributable to ZW Data Action Technologies Inc. (2,840) 1,375 (5,271) (1,586)
Net loss (2,840) 1,374 (5,271) (1,585)
Foreign currency translation income/(loss) 93 (2) 76 (25)
Comprehensive (loss)/income (2,747) 1,372 (5,195) (1,610)
Comprehensive income attributable to noncontrolling interests 0 0 0 (1)
Comprehensive (loss)/income attributable to ZW Data Action Technologies Inc. $ (2,747) $ 1,372 $ (5,195) $ (1,611)
(Loss)/earnings per common share        
Basic and diluted (in dollars per share) $ (0.08) $ 0.04 $ (0.15) $ (0.05)
Weighted average number of common shares outstanding:        
Basic and diluted (in shares) 35,827,677 35,332,220 35,572,200 32,279,304
Unrelated Parties [Member]        
Revenues $ 7,216 $ 11,896 $ 21,813 $ 34,843
Total revenues 7,216 11,896 21,813 34,843
Related Parties [Member]        
Revenues 0 4 0 4
Total revenues $ 0 $ 4 $ 0 $ 4