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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,123 $ 817
Accounts receivable, net of allowance for credit loss of $4,839 and $3,987, respectively 1,478 844
Prepayment and deposit to suppliers 4,843 4,505
Other current assets, net 2,412 2,794
Total current assets 9,856 8,960
Long-term investments 397 794
Operating lease right-of-use assets 0 22
Property and equipment, net 134 215
Intangible assets, net 210 841
Deferred tax assets, net 410 401
Total Assets 11,007 11,233
Current liabilities:    
Accounts payable * [1] 500 201
Advance from customers * [1] 700 843
Accrued payroll and other accruals * [1] 103 350
Taxes payable * [1] 3,228 3,194
Operating lease liabilities * [1] 0 24
Lease payment liability related to short-term leases * [1] 101 99
Advance from investors 806 0
Other current liabilities * [1] 543 144
Total current liabilities 5,981 4,855
Long-term liabilities:    
Total Liabilities 6,106 4,979
Commitments and Contingencies  
Equity:    
Common stock (US$0.001 par value; authorized 12,500,000 shares; issued and outstanding 2,176,213 shares and 1,801,213 shares at September 30, 2024 and December 31, 2023, respectively)** [2] 2 2
Additional paid-in capital** [2] 63,714 62,072
Statutory reserves 2,598 2,598
Accumulated deficit (62,670) (59,690)
Accumulated other comprehensive income 1,194 1,272
Total shareholders’ equity 4,838 6,254
Noncontrolling interests 63 0
Total equity 4,901 6,254
Total Liabilities and Equity 11,007 11,233
Related Party [Member]    
Long-term liabilities:    
Long-term borrowing from a related party $ 125 $ 124
[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-4 reverse stock split effective on September 30, 2024, see Note 4(g).