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Note 2 - Variable Interest Entities | 6 Months Ended
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Jun. 30, 2015
Variable Interest Entities Disclosure [Abstract] |
Variable Interest Entities Disclosure [Text Block] |
| 2. | Variable Interest Entities
Summarized below is the information related to the consolidated VIEs’ assets and liabilities as of June 30, 2015 and December 31, 2014, respectively:
|  | June 30, 2015 |  | December 31, 2014
|  | US$(’000) |  | US$(’000)
|  | (Unaudited) |  |
Assets |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 3,613 |  |  | $ | 4,239 |
Term deposit |  |  | 3,468 |  |  |  | 3,465 |
Accounts receivable, net |  |  | 3,954 |  |  |  | 2,407 |
Other receivables, net |  |  | 6,520 |  |  |  | 8,349 |
Prepayment and deposit to suppliers |  |  | 6,859 |  |  |  | 8,091 |
Due from related parties |  |  | 56 |  |  |  | - |
Other current assets |  |  | 43 |  |  |  | 58 |
Deferred tax assets-current |  |  | 285 |  |  |  | 107 |
Total current assets |  |  | 24,798 |  |  |  | 26,716 |
Long-term investments |  |  | 1,034 |  |  |  | 865 |
Property and equipment, net |  |  | 723 |  |  |  | 869 |
Intangible assets, net |  |  | 8,531 |  |  |  | 9,238 |
Deposit and prepayment for purchasing of software technology |  |  | 851 |  |  |  | 850 |
Goodwill |  |  | 6,778 |  |  |  | 6,772 |
Deferred tax assets-non current |  |  | 869 |  |  |  | 795 |
Total Assets |  | $ | 43,584 |  |  | $ | 46,105 |
Liabilities |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Short-term bank loan |  | $ | 818 |  |  | $ | 817 |
Accounts payable |  |  | 510 |  |  |  | 782 |
Advances from customers |  |  | 2,325 |  |  |  | 832 |
Accrued payroll and other accruals |  |  | 330 |  |  |  | 357 |
Due to Control Group |  |  | 11 |  |  |  | 11 |
Due to noncontrolling interest of VIE |  |  | 557 |  |  |  | 638 |
Payable for purchasing of software technology |  |  | 865 |  |  |  | 2,826 |
Taxes payable |  |  | 2,744 |  |  |  | 2,846 |
Other payables |  |  | 556 |  |  |  | 580 |
Total current liabilities |  |  | 8,716 |  |  |  | 9,689 |
Deferred tax Liabilities-non current |  |  | 887 |  |  |  | 964 |
Total Liabilities |  | $ | 9,603 |  |  | $ | 10,653 |
All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets. For the six months ended June 30, 2015, the financial performance of the VIEs reported in the Company’s consolidated statements of operations and comprehensive loss includes sales of approximately US$15,244,000, cost of sales of approximately US$12,291,000, operating expenses of approximately US$5,049,000 and net loss before allocation to noncontrolling interests of approximately US$1,710,000. For the three months ended June 30, 2015, the financial performance of the VIEs reported in the Company’s consolidated statements of operations and comprehensive loss includes sales of approximately US$9,500,000, cost of sales of approximately US$7,345,000, operating expenses of approximately US$2,772,000 and net loss before allocation to noncontrolling interests of approximately US$502,000. For the six months ended June 30, 2014, the financial performance of the VIEs reported in the Company’s consolidated statements of operations and comprehensive loss includes sales of approximately US$15,307,000, cost of sales of approximately US$12,486,000, operating expenses of approximately US$4,337,000 and net loss before allocation to noncontrolling interests of approximately US$1,668,000. For the three months ended June 30, 2014, the financial performance of the VIEs reported in the Company’s consolidated statements of operations and comprehensive loss includes sales of approximately US$10,208,000, cost of sales of approximately US$8,664,000, operating expenses of approximately US$2,725,000 and net loss before allocation to noncontrolling interests of approximately US$1,283,000.

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- Definition The entire disclosure for variable interest entities consolidated. Including accounting policy for consolidation to describe the significant judgments and assumptions made in determining whether a variable interest held by the entity requires the variable interest entity to be consolidated and (or) disclose information about its involvement with the variable interest entity; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; and the significant factors considered and judgments made in determining that the power to direct the activities that significantly impact the economic performance of the variable interest entity are shared (as defined), the nature of restrictions on a consolidated variable interest entities' assets and on the settlement of its liabilities reported by a reporting entity in its statement of financial position, including the carrying amounts of such assets and liabilities; and summary of the financial performances of the VIEs consolidated. + References No definition available. + Details
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