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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 812 $ 817
Accounts receivable, net of allowance for doubtful accounts of $4,817 and $3,987 respectively 1,614 844
Prepayment and deposit to suppliers 4,508 4,505
Other current assets, net 2,239 2,794
Total current assets 9,173 8,960
Long-term investments, net 397 794
Operating lease right-of-use assets 0 22
Property and equipment, net 116 215
Intangible assets, net 0 841
Deferred tax assets, net 0 401
Total Assets 9,686 11,233
Current liabilities:    
Accounts payable * [1] 93 201
Advances from customers * [1] 489 843
Accrued payroll and other accruals * [1] 557 350
Taxes payable * [1] 3,152 3,194
Operating lease liabilities * [1] 0 24
Lease payment liabilities related to short-term leases * [1] 0 99
Advance from investors 1,075 0
Other current liabilities * [1] 480 144
Total current liabilities 5,846 4,855
Long-term liabilities:    
Total Liabilities 5,968 4,979
Commitments and Contingencies  
Equity:    
Common stock (US$0.001 par value; authorized 12,500,000 shares; issued and outstanding 2,301,205 shares and 1,926,205 shares at December 31, 2024 and 2023, respectively)** [2] 2 2
Additional paid-in capital** [2] 63,102 62,072
Statutory reserves 2,598 2,598
Accumulated deficit (63,451) (59,690)
Accumulated other comprehensive income 1,407 1,272
Total ZW Data Action Technologies Inc.’s stockholders’ equity 3,658 6,254
Noncontrolling interests 60 0
Total equity 3,718 6,254
Total Liabilities and Equity 9,686 11,233
Related Party [Member]    
Long-term liabilities:    
Long-term borrowing from a related party $ 122 $ 124
[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 and 1-for-4 reverse stock split effective on January 18, 2023 and September 30, 2024, respectively. See Note 4(l).