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Note 22 - Share-based Compensation Expenses | 6 Months Ended
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Jun. 30, 2022
Notes to Financial Statements |
Share-Based Payment Arrangement [Text Block] |
22. | Share-based compensation expenses
In March 2022, under its 2020 Omnibus Securities and Incentive Plan, the Company granted and issued an aggregate of 0.095 million fully-vested shares of the Company’s restricted common stock to two of the Company’s executive officers in exchange for their services to the Company for the year ending December 31, 2022. These shares were valued at the closing bid price of the Company’s common stock on the respective date of grant. Total compensation expenses amortized for the six and three months ended June 30, 2022 was approximately US$0.03 million and US$0.02 million, respectively. In June 2022, the Company granted and issued 0.40 million fully-vested and non-forfeitable shares of the Company restricted common stock to a management consulting and advisory service provider in exchange for its service for a 12-month period until May 2023. The Company valued these shares at US$0.35 per share, the closing bid price of the Company’s common stock on the grant date of these shares and recorded the related total cost of approximately US$0.14 million as a prepayment asset in prepayment and deposit to suppliers account upon the grant and issuance of these shares. Total compensation expenses amortized for the six and three months ended June 30, 2022 was approximately US$0.01 million. For the six months ended June 30, 2022, the Company also amortized an approximately US$0.04 million compensation expense in the aggregate, which was related to fully-vested and nonforfeitable restricted common stock granted and issued to one of its service providers in March 2020. The table below summarized share-based compensation expenses recorded for the six and three months ended June 30, 2022 and 2021, respectively:
|  | Six Months Ended June 30, |  |  | Three Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | US$(’000) |  |  | US$(’000) |  |  | US$(’000) |  |  | US$(’000) |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Sales and marketing expenses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
General and administrative expenses |  |  | 84 |  |  |  | 6,857 |  |  |  | 28 |  |  |  | 6,757 |
Research and development expenses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | 84 |  |  |  | 6,857 |  |  |  | 28 |  |  |  | 6,757 |
The aggregate unrecognized share-based compensation expenses as of June 30, 2022 was approximately US$0.16 million, of which approximately US$0.10 million will be recognized for the year ending December 31, 2022 and approximately US$0.06 million will be recognized for the year ending December 31, 2023.

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