Note 6 - Prepayments and Deposit to Suppliers

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Prepayments and Deposits to Suppliers Disclosure [Text Block]

6. Prepayments and deposit to suppliers

	As of December 31,
	2024		2023
	US$(’000)		US$(’000)
Deposits to advertising resources providers		612		911
Prepayments to advertising resources providers		2,996		3,136
Deposit for investing activities		152		-
Other deposits and prepayments		748		458
		4,508		4,505

As of December 31, 2024 and 2023, contractual deposits were primarily paid to the Company’s major Internet advertising resources suppliers and other advertising resource suppliers. The contractual deposits will be refunded to the Company upon expiration of the contracts, which are generally for a one-year period.

According to the contracts signed between the Company and its suppliers, the Company is required to pay certain of the contract amounts in advance. These prepayments will be recognized as cost of revenues when the related services are delivered by the suppliers. As of December 31, 2024 and 2023, prepayments were primarily paid for purchasing Internet resources from the Company’s major Internet advertising resources suppliers.

Deposits for investing activities as of December 31, 2024 represented deposits made to acquire businesses to help further develop and broaden our online marketing channels and reinforce our industry competitive advantage.

Other deposits and prepayments as of December 31, 2024 and 2023 represented deposits and prepayments to the Company’s other services providers, which primarily included deposits for office lease contracts, prepayment for various kinds of professional services, etc.