Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents		$ 4,391	$ 7,173
Accounts receivable, net of allowance for doubtful accounts of $3,760 and $2,236, respectively		1,745	3,439
Prepayment and deposit to suppliers		4,567	7,559
Due from related parties, net		0	90
Other current assets, net		1,610	1,657
Total current assets		12,313	19,918
Long-term investments, net		1,596	2,280
Operating lease right-of-use assets		1,761	2,019
Property and equipment, net		249	375
Intangible assets, net		3,264	7,523
Long-term deposits and prepayments		69	75
Deferred tax assets, net		406	441
Total Assets		19,658	32,631
Current liabilities:
Accounts payable	[1]	205	1,119
Advances from customers *	[1]	739	1,245
Accrued payroll and other accruals	[1]	438	389
Taxes payable	[1]	3,248	3,534
Operating lease liabilities	[1]	347	202
Lease payment liabilities related to short-term leases *		101	152
Other current liabilities	[1]	437	141
Warrant liabilities		185	2,039
Total current liabilities		5,700	8,821
Long-term liabilities:
Operating lease liabilities-Non current	[1]	1,535	1,907
Long-term borrowing from a related party		126	137
Total Liabilities		7,361	10,865
Commitments and contingencies
Equity:
Common stock (US$0.001 par value; authorized 20,000,000 shares; issued and outstanding 7,174,506 shares and 7,075,506 shares at December 31, 2022 and 2021, respectively **)		7	7
Additional paid-in capital **	[2]	62,017	61,813
Statutory reserves		2,598	2,598
Accumulated deficit		(53,525)	(43,734)
Accumulated other comprehensive income		1,200	1,082
Total ZW Data Action Technologies Inc.’s stockholders’ equity		12,297	21,766
Noncontrolling interests		0	0
Total equity		12,297	21,766
Total Liabilities and Equity		$ 19,658	$ 32,631

[1] Liabilities recognized as a result of consolidating the VIEs do not represent additional claims on the Company’s general assets (Note 2).

[2] Retrospectively restated for effect of the 1-for-5 reverse stock split on January 18, 2023, see Note 4(l).