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Note 24 - Share-based Compensation Expenses | 6 Months Ended
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Jun. 30, 2019
Notes to Financial Statements |
Share-based Payment Arrangement [Text Block] |
| 24. | Share-based compensation expenses
In January 2019, the Company granted and issued 30,000 shares of the Company’s restricted common stock to one of its independent directors, in exchange for his services to the Company for the year ending December 31, 2019. These shares were valued at US$1.77 per share, the closing bid price of the Company’s common stock on the date of grant. Total compensation expense is amortized over the requisite service period. For the six and three months ended June 30, 2019, compensation expense recognized was approximately US$26,000 and US$13,000, respectively. In December 2018, the Company granted and issued 250,000 shares of the Company restricted common stock to a management consulting and advisory service provider in exchange for its service for a one -year period. These shares were valued at US$1.43 per share, the closing bid price of the Company’s common stock on the date of grant. The Company recorded the related cost of approximately US$358,000 as a prepayment asset in prepayment and deposit to suppliers upon grant and issuance of these fully-vested and nonforfeitable shares. Total compensation expenses amortized for the six and three months ended June 30, 2019 was approximately US$177,000 and US$89,000, respectively. Options issued and outstanding as of June 30, 2019 and their movements during the six months then ended are as follows:
|  | Option Outstanding |  | Option Exercisable
|  | Number of underlying shares |  | Weighted Average Remaining Contractual Life (Years) |  | Weighted Average Exercise Price |  | Number of underlying shares |  | Weighted Average Remaining Contractual Life (Years) |  | Weighted Average Exercise Price
Balance, January 1, 2019 |  |  | 835,216 |  |  |  | 2.04 |  |  | $ | 2.49 |  |  |  | 835,216 |  |  |  | 2.04 |  |  | $ | 2.49 |
Granted/Vested |  |  | - |  |  |  |  |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  |  |
Forfeited |  |  | - |  |  |  |  |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  |  |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  |  |
Balance, June 30, 2019 (Unaudited) |  |  | 835,216 |  |  |  | 1.54 |  |  | $ | 2.49 |  |  |  | 835,216 |  |  |  | 1.54 |  |  | $ | 2.49 |
The aggregate intrinsic value of the above options was zero as of June 30, 2019 and December 31, 2018, as their respective exercise prices were all higher than the Company’s closing stock price on the last trading day of each reporting period. The table below summarized share-based compensation expenses recorded for the six and three months ended June 30, 2019 and 2018, respectively:
|  | Six Months Ended June 30, |  | Three Months Ended June 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
|  | US$(’000) |  | US$(’000) |  | US$(’000) |  | US$(’000)
|  | (Unaudited) |  | (Unaudited) |  | (Unaudited) |  | (Unaudited)
Sales and marketing expenses |  |  | - |  |  |  | 27 |  |  |  | - |  |  |  | 14 |
General and administrative expenses |  |  | 203 |  |  |  | 102 |  |  |  | 102 |  |  |  | 51 |
Research and development expenses |  |  | - |  |  |  | 22 |  |  |  | - |  |  |  | 11 |
Total |  |  | 203 |  |  |  | 151 |  |  |  | 102 |  |  |  | 76 |
The aggregate unrecognized share-based compensation expenses as of June 30, 2019 and December 31, 2018 was approximately US$0.19 million and US$0.34 million, respectively. All unrecognized share-based compensation expenses as of June 30, 2019 will be recognized for the year ending December 31, 2019.

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