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Note 8 - Long-term Investments | 6 Months Ended
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Jun. 30, 2021
Notes to Financial Statements |
Equity Method Investments and Joint Ventures Disclosure [Text Block] |
8. |  | Long-term investments
|  | Gong Xiang Technology |  |  | Xiao Peng Education |  |  | Business Opportunity Chain Guangzhou |  |  | Local Chain Xi’an |  |  | Total |
|  | US$(’000) |  |  | US$(’000) |  |  | US$(’000) |  |  | US$(’000) |  |  | US$(’000) |
Balance as of January 1, 2021 |  |  | - |  |  |  | - |  |  |  | 29 |  |  |  | 38 |  |  |  | 67 |
Cash investment during the year |  |  | 232 |  |  |  | 79 |  |  |  | 110 |  |  |  | - |  |  |  | 421 |
Disposed during the year |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (38 | ) |  |  | (38 | )
Balance as of June 30, 2021 (Unaudited) |  |  | 232 |  |  |  | 79 |  |  |  | 139 |  |  |  | - |  |  |  | 450 |
As of June 30, 2021, except for long-term investments which were fully impaired, the Company beneficially owned a 15%, 17% and 19% equity interest in Guangzhou Gong Xiang Technology Co., Ltd. (“Gong Xiang Technology”), Xiao Peng Education Technology (Hubei) Co., Ltd. (“Xiao Peng Education”) and Business Opportunity Chain (Guangzhou) Technology Co., Ltd. (“Business Opportunity Chain Guangzhou”), respectively. The Company measures these investments which do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the Company. In May 2021, the Company disposed the 4.9% equity interest it owned in Local Chain Xi’an Information Technology Co., Ltd. (“Local Chain Xi’an”) to an unrelated party and recorded an approximately US$0.04 million disposal loss for the six and three months ended June 30, 2021.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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