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SHARE CAPITAL (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure Of SHARE CAPITAL [Abstract]  
Disclosure of classes of share capital [text block]
 
 
As of December 31,
 
 
 
2018
 
 
2017
 
 
 
Number
 
 
US$
 
 
Number
 
 
US$
 
 
 
of shares
 
 
‘000
 
 
of shares
 
 
‘000
 
Authorized:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ordinary shares of US$0.008 each
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
At January 1 and December 31
 
 
51,000,000
 
 
 
400
 
 
 
51,000,000
 
 
 
400
 
 
 
 
As of December 31,
 
 
 
2018
 
 
2017
 
 
 
Number
 
 
RMB
 
 
Number
 
 
RMB
 
 
 
of shares
 
 
‘000
 
 
of shares
 
 
‘000
 
Issued:
 
 
5,678,703
 
 
 
306
 
 
 
3,851,485
 
 
 
206
 
Outstanding and fully paid:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ordinary shares of US$0.008 each
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
At January 1
 
 
3,851,485
 
 
 
206
 
 
 
2,820,939
 
 
 
151
 
Issuance of new shares
 
 
1,770,299
 
 
 
97
 
 
 
1,003,152
 
 
 
53
 
Equity compensation
 
 
56,919
 
 
 
3
 
 
 
27,394
 
 
 
2
 
At December 31
 
 
5,678,703
 
 
 
306
(2)
 
 
3,851,485
 
 
 
206
(1)
 
(1)
 Equivalent to US$31,000
(2)
 Equivalent to US$45,000
Disclosure of fair value of other than equity instrument explanatory [Text Block] The following principal assumptions were used in the valuation:
 
Grant date
 
December 4, 2018
 
Share price at date of grant
 
US$
1.18
 
Exercise price at date of grant (investors and placement agent, respectively)
 
US$
1.27
& US$
1.5875
 
Volatility
 
 
168
%
Warrant life
 
 
5
years
 
Dividend yield
 
 
0
%
Risk-free interest rate
 
 
2.63
%
Fair value at grant date
 
US$
1.45
 
Disclosure of warrant activity explanatory [Text Block]
Following is a summary of the warrant activity for the year ended December 31, 2018:
 
 
 
Number of
Warrants
 
 
Average
Exercise
Price
 
 
Weighted
Average
Remaining
Contractual
Term in
Years
 
Granted
 
 
500,000
 
 
$
1.30
 
 
 
5
 
Exercised
 
 
-
 
 
 
-
 
 
 
-
 
Forfeited
 
 
-
 
 
 
-
 
 
 
-
 
Expired
 
 
-
 
 
 
-
 
 
 
-
 
Outstanding at December 31, 2018
 
 
500,000
 
 
$
1.30
 
 
 
4.93
 
Exercisable at December 31, 2018
 
 
500,000
 
 
$
1.30
 
 
 
4.93