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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 2,000 $ 4,391
Accounts receivable, net of allowance for credit loss of $3,715 and $3,760, respectively 1,045 1,745
Prepayment and deposit to suppliers 4,346 4,567
Other current assets, net 3,043 1,610
Total current assets 10,434 12,313
Long-term investments 1,000 1,596
Operating lease right-of-use assets 1,498 1,761
Property and equipment, net 191 249
Intangible assets, net 2,665 3,264
Long-term deposits and prepayments 65 69
Deferred tax assets, net 393 406
Total Assets 16,246 19,658
Current liabilities:    
Accounts payable * [1] 204 205
Advance from customers * [1] 912 739
Accrued payroll and other accruals [1] 132 438
Taxes payable [1] 3,131 3,248
Operating lease liabilities [1] 255 347
Lease payment liability related to short-term leases * [1] 97 101
Other current liabilities [1] 223 437
Warrant liabilities 13 185
Total current liabilities 4,967 5,700
Long-term liabilities:    
Operating lease liabilities-Non current [1] 1,371 1,535
Total Liabilities 6,459 7,361
Commitments and contingencies
Equity:    
Common stock (US$0.001 par value; authorized 20,000,000 shares; issued and outstanding 7,204,506 shares and 7,174,506 shares at June 30, 2023 and December 31, 2022, respectively) 7 7 [2]
Additional paid-in capital 62,042 62,017 [2]
Statutory reserves 2,598 2,598
Accumulated deficit (56,262) (53,525)
Accumulated other comprehensive income 1,402 1,200
Total stockholders’ equity 9,787 12,297
Total Liabilities and Equity 16,246 19,658
Related Party [Member]    
Long-term liabilities:    
Long-term borrowing from a related party $ 121 $ 126
[1] Liabilities recognized as a result of consolidating these 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 effective on January 18, 2023, see Note 4(g).