XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

Note 21 - Segment Reporting | 6 Months Ended
--- | ---
Jun. 30, 2021
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
21. |  | Segment reporting
The Company follows ASC Topic 280 “Segment Reporting”, which requires that companies disclose segment data based on how management makes decisions about allocating resources to segments and evaluating their performance. Reportable operating segments include components of an entity about which separate financial information is available and which operating results are regularly reviewed by the chief operating decision maker (“CODM”), the Company’s Chief Executive Officer, to make decisions about resources to be allocated to the segment and assess each operating segment’s performance. Six Months Ended June 30, 2021 (Unaudited)
|  | Internet Ad and related service |  |  | Ecommerce O2O Ad and marketing services |  |  | Blockchain technology |  |  | Corporate |  |  | Inter-segment and reconciling item |  |  | Total |
|  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |
Revenues |  |  | 22,560 |  |  |  | 387 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 22,947 |
Cost of revenues |  |  | 23,132 |  |  |  | 750 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 23,882 |
Total operating expenses |  |  | 590 |  |  |  | 658 |  |  |  | 1 |  |  |  | 7,910 | (1) |  |  | - |  |  |  | 9,159 |
Depreciation and amortization expense included in total operating expenses |  |  | 130 |  |  |  | 150 |  |  |  | 1 |  |  |  | 1 |  |  |  | - |  |  |  | 282 |
Operating loss |  |  | (1,162 | ) |  |  | (1,021 | ) |  |  | (1 | ) |  |  | (7,910 | ) |  |  | - |  |  |  | (10,094 | )
Change in fair value of warrant liabilities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6,829 |  |  |  | - |  |  |  | 6,829 |
Net loss |  |  | (966 | ) |  |  | (1,021 | ) |  |  | (2 | ) |  |  | (970 | ) |  |  | - |  |  |  | (2,959 | )
Expenditure for long-term assets |  |  | 1,220 |  |  |  | - |  |  |  | - |  |  |  | 161 |  |  |  | - |  |  |  | 1,381 |
Total assets-June 30, 2021 |  |  | 11,515 |  |  |  | 4,588 |  |  |  | 4,410 |  |  |  | 45,422 |  |  |  | (28,987 | ) |  |  | 36,948 |
Total assets-December 31, 2020 |  |  | 8,310 |  |  |  | 3,206 |  |  |  | 4,409 |  |  |  | 27,766 |  |  |  | (23,024 | ) |  |  | 20,667 |
(1) Including approximately US$6.86 million share-based compensation expenses. Three Months Ended June 30, 2021 (Unaudited)
|  | Internet Ad. and related service |  |  | Ecommerce O2O Ad and marketing services |  |  | Blockchain technology |  |  | Corporate |  |  | Inter-segment and reconciling item |  |  | Total |
|  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |
Revenues |  |  | 14,293 |  |  |  | 258 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 14,551 |
Cost of revenues |  |  | 14,394 |  |  |  | 375 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 14,769 |
Total operating expenses |  |  | 207 |  |  |  | 455 |  |  |  | - |  |  |  | 7,399 | (1) |  |  | - |  |  |  | 8,061 |
Depreciation and amortization expense included in total operating expenses |  |  | 95 |  |  |  | 75 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 170 |
Operating loss |  |  | (308 | ) |  |  | (572 | ) |  |  | - |  |  |  | (7,399 | ) |  |  | - |  |  |  | (8,279 | )
Change in fair value of warrant liabilities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,322 |  |  |  | - |  |  |  | 4,322 |
Net loss |  |  | (12 | ) |  |  | (572 | ) |  |  | (1 | ) |  |  | (3,061 | ) |  |  | - |  |  |  | (3,646 | )
Expenditure for long-term assets |  |  | 60 |  |  |  | - |  |  |  | - |  |  |  | 161 |  |  |  | - |  |  |  | 221 |
(1) Including approximately US$6.76 million share-based compensation expenses. Six Months Ended June 30, 2020 (Unaudited)
|  | Internet Ad and related service |  |  | Ecommerce O2O Ad and marketing services |  |  | Blockchain technology |  |  | Corporate |  |  | Inter-segment and reconciling item |  |  | Total |
|  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |
Revenues |  |  | 13,148 |  |  |  | 1,007 |  |  |  | - |  |  |  | 645 |  |  |  | - |  |  |  | 14,800 |
Cost of revenues |  |  | 12,853 |  |  |  | 750 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 13,603 |
Total operating expenses |  |  | 1,952 |  |  |  | 9 |  |  |  | 4 |  |  |  | 2,528 | (1) |  |  | - |  |  |  | 4,493 |
Depreciation and amortization expense included in total operating expenses |  |  | 412 |  |  |  | - |  |  |  | 1 |  |  |  | 2 |  |  |  | - |  |  |  | 415 |
Operating (loss)/income |  |  | (1,657 | ) |  |  | 248 |  |  |  | (4 | ) |  |  | (1,883 | ) |  |  | - |  |  |  | (3,296 | )
Change in fair value of warrant liabilities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 68 |  |  |  | - |  |  |  | 68 |
Expenditure for long-term assets |  |  | - |  |  |  | - |  |  |  | 302 |  |  |  | - |  |  |  | - |  |  |  | 302 |
Net (loss)/income |  |  | (1,650 | ) |  |  | 204 |  |  |  | (4 | ) |  |  | (1,830 | ) |  |  | - |  |  |  | (3,280 | )
(1) Including approximately US$1.99 million share-based compensation expenses. Three Months Ended June 30, 2020 (Unaudited)
|  | Internet Ad and related service |  |  | Ecommerce O2O Ad and marketing services |  |  | Blockchain technology |  |  | Corporate |  |  | Inter-segment and reconciling item |  |  | Total |
|  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |  |  | US$ (‘000) |
Revenues |  |  | 9,912 |  |  |  | 504 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10,416 |
Cost of revenues |  |  | 9,743 |  |  |  | 375 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10,118 |
Total operating expenses |  |  | 930 |  |  |  | 5 |  |  |  | 3 |  |  |  | 380 | (1) |  |  | - |  |  |  | 1,318 |
Depreciation and amortization expense included in total operating expenses |  |  | 206 |  |  |  | - |  |  |  | 1 |  |  |  | 1 |  |  |  | - |  |  |  | 208 |
Operating (loss)/income |  |  | (761 | ) |  |  | 124 |  |  |  | (3 | ) |  |  | (380 | ) |  |  | - |  |  |  | (1,020 | )
Change in fair value of warrant liabilities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 22 |  |  |  | - |  |  |  | 22 |
Net (loss)/income |  |  | (757 | ) |  |  | 101 |  |  |  | (3 | ) |  |  | (311 | ) |  |  | - |  |  |  | (970 | )
(1) Including approximately US$0.07 million share-based compensation expenses.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration