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Discontinued operations
 3 Months Ended
Mar. 31, 2016
Discontinued Operations And Disposal Groups [Abstract]  
Discontinued operations

4. Discontinued operations

On June 30, 2015, in connection with the Company’s sole focus on the big data and analytics sector via its consolidated subsidiaries, the Company’s Board of Directors approved a plan under which the Company discontinued the operations of its Chinese-and British Virgin Islands-based subsidiaries (collectively, the “Advertising Business”). The Company recognized the transactions in accordance with ASC Topic 205-20, “Discontinued Operations”. The Company has disposed of all assets and liabilities related to its Advertising Business, by the disposal of its equity interests in the Advertising Business to an independent third party in 2015 for $0.

Related financial information of the Adverting Business has been retrospectively reclassified for the three months ended March 31, 2015. The following financial information presents the results of operations of the Advertising Business for the three months ended March 31, 2015.

 

 

 

Three Months Ended

 

(In thousands)

 

March 31, 2015

 

Revenue

 

$

9

 

 

 

 

 

 

Pretax loss from operations of discontinued operations

 

$

(91

)

Income tax expenses

 

 

-

 

Less: Non-controlling interests

 

 

(17

)

Net loss from discontinued operations

 

$

(74

)