XML 18 R8.htm IDEA: XBRL DOCUMENT
v3.26.1

Note 2 - Variable Interest Entities | 3 Months Ended
--- | ---
Mar. 31, 2026
Notes to Financial Statements |
Variable Interest Entities Disclosure [Text Block] |
| 2. | Variable interest entities
The Company is not an operating company in China, but a Nevada holding company with no equity ownership in the VIEs. The Company conducts its operations in China through its PRC subsidiaries, the VIEs, with which the Company has entered into contractual arrangements, and their subsidiaries in China. Summarized below is the information related to the VIEs’ assets and liabilities reported in the Company’s condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025, respectively:
|  | March 31, 2026 |  |  | December 31, 2025 |
|  | US$(’000) |  |  | US$(’000) |
|  | (Unaudited) |  |  |  |  |
Assets |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 6 |  |  | $ | 13 |
Accounts receivable, net |  |  | - |  |  |  | - |
Prepayment and deposit to suppliers |  |  | 1,084 |  |  |  | 1,073 |
Other current assets, net |  |  | 1 |  |  |  | 2 |
Total current assets |  |  | 1,091 |  |  |  | 1,088 |
Property and equipment, net |  |  | 62 |  |  |  | 66 |
Total Assets |  | $ | 1,153 |  |  | $ | 1,154 |
Liabilities |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | $ | 97 |  |  | $ | 95 |
Advance from customers |  |  | 469 |  |  |  | 461 |
Accrued payroll and other accruals |  |  | 23 |  |  |  | 26 |
Taxes payable |  |  | 2,618 |  |  |  | 2,578 |
Other current liabilities |  |  | 660 |  |  |  | 624 |
Total current liabilities |  |  | 3,867 |  |  |  | 3,784 |
Long-term liabilities: |  |  |  |  |  |  |  |
Deferred tax liabilities |  |  | - |  |  |  | - |
Total Liabilities |  | $ | 3,867 |  |  | $ | 3,784 |
Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets. Summarized below is the information related to the financial performance of the VIEs reported in the Company’s condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2026 and 2025, respectively:
|  | Three Months Ended March 31, |
|  | 2026 |  |  | 2025 |
|  | US$(’000) |  |  | US$(’000) |
|  | (Unaudited) |  |  | (Unaudited) |
Revenues |  | $ | - |  |  | $ | 49 |
Cost of revenues |  |  | - |  |  |  | 39 |
Total operating expenses |  |  | 69 |  |  |  | 36 |
Net loss |  |  | 69 |  |  |  | 29 |

X
- 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
Name: | cnet_VariableInterestEntitiesDisclosureTextBlock
Namespace Prefix: | cnet_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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