View Filing Data

Due to investors related to terminated security purchase agreements

^[1]

559

685

938

884

Payable for purchasing of software technology *

^[1]

436

411

Taxes payable *

^[1]

3,168

2,910

Other payables *

^[1]

687

487

Total current liabilities

12,963

7,620

Long-term borrowing from a director

134

126

Total Liabilities

13,097

7,746

Commitments and contingencies

Equity:

Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 13,982,542 shares and 12,158,542 shares at December 31, 2017 and 2016, respectively)

Additional paid-in capital

31,554

29,285

Statutory reserves

2,607

Accumulated deficit

(20,487)

(10,362)

Accumulated other comprehensive income

1,598

700

Total ChinaNet Online Holdings, Inc.’s stockholders’ equity

15,286

22,242

Noncontrolling interests

177

Total equity

15,463

22,296

Total Liabilities and Equity

$ 28,560

$ 30,042

[1]	All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2).

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	13,982,542	12,158,542
Common stock, shares outstanding (in shares)	13,982,542	12,158,542

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revenues
From unrelated parties	$ 46,598,000	$ 34,300,000
From related parties	35,000	450,000
Total revenues	46,633,000	34,750,000
Cost of revenues	42,020,000	26,999,000
Gross profit	4,613,000	7,751,000
Operating expenses
Sales and marketing expenses	2,734,000	4,074,000
General and administrative expenses	7,464,000	7,670,000
Research and development expenses	1,261,000	1,996,000
Impairment on long-term investments included in total operating expenses	44,000	159,000
Impairment on intangible assets included in total operating expenses	2,552,000
Total operating expenses	14,055,000	13,899,000
Loss from operations	(9,442,000)	(6,148,000)
Other income/(expenses)
Interest income	40,000	90,000
Interest expense	(147,000)	(13,000)
Other expenses	(211,000)	(112,000)
Total other expense	(318,000)	(35,000)
Loss before income tax expense, noncontrolling interests and discontinued operation	(9,760,000)	(6,183,000)
Income tax expense	(251,000)	(102,000)
Loss from continuing operation	(10,011,000)	(6,285,000)
Loss from and on disposal of discontinued operation, net of income tax		(59,000)
Net loss	(10,011,000)	(6,344,000)
Net income attributable to noncontrolling interests from continuing operations	(114,000)	(148,000)
Net loss attributable to ChinaNet Online Holdings, Inc.	(10,125,000)	(6,492,000)
Net loss	(10,011,000)	(6,344,000)
Foreign currency translation gain/(loss)	907,000	(1,377,000)
Comprehensive Loss	(9,104,000)	(7,721,000)
Comprehensive income attributable to noncontrolling interests	(123,000)	(127,000)
Comprehensive loss attributable to ChinaNet Online Holdings, Inc.	$ (9,227,000)	$ (7,848,000)
Loss from continuing operations per common share
Basic and diluted (in dollars per share)	$ (0.84)	$ (0.57)
Loss from discontinued operations per common share
Basic and diluted (in dollars per share)		$ (0.01)
Weighted average number of common shares outstanding:
Basic and diluted (in shares)	12,116,783	11,357,907

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities
Net loss	$ (10,011)	$ (6,344)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	1,422	1,572
Share-based compensation expenses	2,271	2,309
Provision of allowances for doubtful accounts	1,462	368
Impairment on intangible assets	2,552
Impairment on long-term investments included in total operating expenses	44	159
Loss on deconsolidation of VIEs		9
Loss on disposal of fixed assets	2	116
Deferred taxes	251	102
Changes in operating assets and liabilities
Accounts receivable	(4,848)	(975)
Other receivables	78	1,527
Prepayment and deposit to suppliers	948	1,144
Due from related parties	(7)	(336)
Accounts payable	2,654	(137)
Advances from customers	1,985	(362)
Accrued payroll and other accruals	141	21
Other payables	(58)	413
Taxes payable	76	19
Commitment and contingencies		(126)
Net cash used in operating activities	(1,320)	(563)
Cash flows from investing activities
Payment for office equipment and leasehold improvement	(4)	(148)
Payment for purchasing of software technology		(1,969)
Term deposit matured during the period	3,140
Long-term investment in cost method investees		(470)
Withdraw long-term investment in cost method investees	444
Short-term loan to an unrelated party	(2,814)
Repayment of short-term loan from an unrelated party	296
Proceeds from disposal of VIEs		28
Cash effect on deconsolidation of a VIE		(17)
Net cash provided by/(used in) investing activities	1,062	(2,576)
Cash flows from financing activities
Proceeds from short-term bank loan	741	753
Repayment of short-term bank loan	(741)
Net cash provided by financing activities		753
Change in cash and cash equivalents included in assets classified as held for sale		177
Effect of exchange rate fluctuation on cash and cash equivalents	175	(259)
Net decrease in cash and cash equivalents	(83)	(2,468)
Cash and cash equivalents at beginning of the year	3,035	5,503
Cash and cash equivalents at end of the year	2,952	3,035
Supplemental disclosure of cash flow information
Income taxes paid		2
Interest expense paid	38	13
Non-cash transactions:
Payable for purchasing of software technologies		$ 411

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Statutory Reserves [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2015	11,856,304
Balance at Dec. 31, 2015	$ 12	$ 26,528	$ 2,607	$ (3,870)	$ 2,056	$ 375	$ 27,708
Restricted shares issued for services (in shares)	36,000
Restricted shares issued for services		371					371
Share-based compensation related to shares granted to employees and directors (in shares)	266,238
Share-based compensation related to shares granted to employees and directors		177					177
Share-based compensation expenses related to common stock purchase options granted to employees and directors in 2015		201					201
Share-based compensation related to restricted shares granted		1,560					1,560
Reverse of goodwill allocated to disposal group attributable to noncontrolling interest		448				(448)
Net loss for the year				(6,492)		148	(6,344)
Foreign currency translation adjustment					(1,356)	(21)	(1,377)
Balance (in shares) at Dec. 31, 2016	12,158,542
Balance at Dec. 31, 2016	$ 12	29,285	2,607	(10,362)	700	54	22,296
Restricted shares issued for services (in shares)	174,000
Restricted shares issued for services		234					234
Share-based compensation related to shares granted to employees and directors (in shares)	1,650,000
Share-based compensation related to shares granted to employees and directors	$ 2	1,703					1,705
Share-based compensation expenses related to common stock purchase options granted to employees and directors in 2015		155					155
Share-based compensation related to restricted shares granted		177					177
Net loss for the year				(10,125)		114	(10,011)
Foreign currency translation adjustment					898	9	907
Balance (in shares) at Dec. 31, 2017	13,982,542
Balance at Dec. 31, 2017	$ 14	$ 31,554	$ 2,607	$ (20,487)	$ 1,598	$ 177	$ 15,463

Note 1 - Organization and Nature of Operations

12 Months Ended

Dec. 31, 2017

Nature of Operations [Text Block]

Organization and nature of operations

ChinaNet Online Holdings, Inc. (the “Company”) was incorporated in the State of Texas in

April 2006

and re-domiciled to become a Nevada corporation in

October 2006.

June 26, 2009,

the Company consummated a share exchange transaction with China Net Online Media Group Limited (the “Share Exchange”), a company organized under the laws of British Virgin Islands (“China Net BVI”). As a result of the Share Exchange, China Net BVI became a wholly owned subsidiary of the Company and the Company is now a holding company, which, through certain contractual arrangements with operating companies in the People’s Republic of China (the “PRC”), is engaged in providing advertising, precision marketing, online to offline (

O2O

) sales channel expansion and the related data services to small and medium enterprises (“SMEs”) and entrepreneurial management and networking services for entrepreneurs in the PRC.

The Company’s wholly owned subsidiary, China Net BVI was incorporated in the British Virgin Islands on

August 13, 2007.

April 11, 2008,

China Net BVI became the parent holding company of a group of companies comprised of CNET Online Technology Limited, a Hong Kong company (“China Net HK”), which established and is the parent company of Rise King Century Technology Development (Beijing) Co., Ltd., a wholly foreign-owned enterprise (“WFOE”) established in the PRC (“Rise King WFOE”). The Company refers to the transactions that resulted in China Net BVI becoming an indirect parent company of Rise King WFOE as the “Offshore Restructuring.”

PRC regulations prohibit direct foreign ownership of business entities providing internet content, or ICP services in the PRC, and used to restrict foreign ownership of business entities engaging in the advertising business, which was subsequently lifted in

June 2015.

To satisfy PRC laws and regulations, the Company conducts certain business in the PRC through its Variable Interest Entities (“VIEs”). Through a series of contractual agreements (the “Contractual Agreements” or “VIE Agreements”) between Rise King WFOE and Business Opportunity Online (Beijing) Network Technology Co., Ltd. (“Business Opportunity Online”), Beijing CNET Online Advertising Co., Ltd. (“Beijing CNET Online”) (collectively the “PRC Operating Entities” or the “VIEs”) and its common individual owners (the “PRC Shareholders” or the “Control Group”), the Company, through Rise King WFOE, secures significant rights to influence the PRC Operating Entities’ business operations, policies and management, approve all matters requiring shareholder approval, and the right to receive

100%

of the income earned by the PRC Operating Entities. In return, Rise King WFOE provides consulting services to the PRC Operating Entities. In addition, to ensure that the PRC Operating Entities and the PRC Shareholders perform their obligations under the Contractual Arrangements, the PRC Shareholders have pledged all of their equity interests in the PRC Operating Entities to Rise King WFOE. They also entered into an option agreement with Rise King WFOE which provides that at such time as when the restrictions under PRC law on foreign ownership of Chinese companies engaging in the Internet content, information services or advertising business in China are lifted, Rise King WFOE

may

exercise its option to purchase the equity interests in the PRC Operating Entities, directly.

Pursuant to the Contractual Agreements, all of the equity owners' rights and obligations of the VIEs were assigned to Rise King WFOE, which resulted in the equity owners lacking the ability to make decisions that have a significant effect on the VIEs, Rise King WFOE's ability to extract the profits from the operation of the VIEs and assume the residual benefits of the VIEs. Due to the fact that Rise King WFOE and its indirect parent are the sole interest holders of the VIEs, the Company included the assets, liabilities, revenues and expenses of the VIEs in its consolidated financial statements, which is consistent with the provisions of FASB Accounting Standards Codification ("ASC") Topic

810

“Consolidation”, subtopic

10.

As of

December 31, 2017,

the Company’s VIE, Beijing CNET Online is a

51%

shareholder of Shanghai Borongdingsi Computer Technology Co., Ltd. (“Shanghai Borongdingsi”), a

10%

stockholder of Chuangshi Meiwei (Beijing) International Investment Management Co., Ltd. (“Chuangshi Meiwei”) and a

10%

shareholder of Beijing Saturday Education Technology Co., Ltd. (“Beijing Saturday”). The Company’s VIE, Business Opportunity Online is a

51%

shareholder of Beijing Chuang Fu Tian Xia Network Technology Co., Ltd. (“Beijing Chuang Fu Tian Xia”),

19%

shareholder of Guohua Shiji (Beijing) Communication Co., Ltd. (“Guohua Shiji”),

the sole shareholder of Business Opportunity Online (Hubei) Network Technology Co., Ltd. (“Business Opportunity Online Hubei”), the sole shareholder of Beijing Chuang Shi Xin Qi Advertising Media Co., Ltd. (“Beijing Chuang Shi Xin Qi”), the sole shareholder of Beijing Hong Da Shi Xing Network Technology Co., Ltd. (“Beijing Hong Da Shi Xing”), the sole shareholder of Beijing Shi Ji Cheng Yuan Advertising Media Co., Ltd. (“Beijing Shi Ji Cheng Yuan”) and a

23.18%

shareholder of Shenzhen City Mingshan Network Technology Co., Ltd. (“Shenzhen Mingshan”). Business Opportunity Online Hubei is the sole shareholder of Hubei CNET Advertising Media Co., Ltd. (“Hubei CNET”), the sole shareholder of Sheng Tian Network Technology (Hubei) Co., Ltd. (“Sheng Tian Hubei”) and a

25.5%

shareholder of Zhao Shang Ke Network Technology (Hubei) Co., Ltd. (“Zhao Shang Ke Hubei”).

As of

December 31, 2017,

the Company also controls

two

wholly-owned investment holding companies, ChinaNet Investment Holding Ltd, a British Virgin Islands company (“ChinaNet Investment BVI”), and ChinaNet Online Holdings Co., Ltd., a PRC company (“ChinaNet Online PRC”). ChinaNet Investment BVI co-incorporated ChinaNet Online Holdings Korea (“ChinaNet Korea”) with

four

unaffiliated individuals and beneficially own

15%

equity interest in ChinaNet Korea. ChinaNet Online PRC co-incorporated ChinaNet Chuang Tou (Shenzhen) Co., Ltd. (“ChinaNet Chuang Tou”) with

two

unaffiliated individuals and beneficially own

19%

equity interest in ChinaNet Chuang Tou.

The Company operated its business primarily in China through its PRC subsidiaries and operating entities, or VIEs as discussed above.

August 18, 2016,

the Company filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of Nevada to effect a

one

-for-

two

and

one

-half (

for

2.5

) reverse stock split of the Company’s common stock (the “Common Stock”), which became effective on

August 19, 2016 (

the “Reverse Stock Split”). When the Reverse Stock Split became effective, each

two

and

one

-half shares of issued and outstanding Common Stock were converted into

one

newly issued and outstanding share of Common Stock.

fractional shares were issued in connection with the reverse stock split. Any fractional shares of Common Stock that would have otherwise resulted from the reverse stock split were rounded up to the nearest full share. The Reverse Stock Split did

not

change the par value of the Common Stock and had

effect on the number of authorized shares of Common Stock of the Company. As a result of the Reverse Stock Split,

30,395,722

shares of Common Stock that were issued and outstanding at

August 19, 2016

was reduced to

12,158,542

shares of Common Stock (taking into account the rounding of fractional shares). All number of shares, share prices, share amounts and per share data have been retroactively restated to reflect the

for

2.5

reverse stock split of the Company wherever applicable in the following notes to consolidated financial statements.

Note 2 - Variable Interest Entities

12 Months Ended

Dec. 31, 2017

Variable Interest Entities Disclosure [Text Block]

2.	Variable Interest Entities

To satisfy PRC laws and regulations, the Company conducts certain business in the PRC through its Variable Interest Entities (“VIEs”).

Risks in Relation to the VIE Structure

The Ministry of Commerce of PRC (“MOFCOM”) published a discussion draft of the proposed Foreign Investment Law (the “Draft”) in

January 2015

aiming to, upon its enactment, replace the trio of existing laws regulating foreign investment in China. The Draft embodies an expected PRC regulatory trend to rationalize its foreign investment regulatory regime in line with prevailing international practice and the legislative efforts to unify the corporate legal requirements for both foreign and domestic investments.

The MOFCOM is currently soliciting comments on the Draft and substantial uncertainties exist with respect to its enactment timetable, interpretation and implementation. The Draft, if enacted as proposed,

may

materially impact the viability of the Company’s current corporate structure, corporate governance and business operations. The Draft expands the definition of foreign investment and introduces the principle of "actual control" in determining whether a company is considered a Foreign Investment Enterprise (“FIE”).

Under the Draft, VIEs that are controlled via contractual arrangement would be deemed as FIEs, if they are ultimately "controlled" by foreign investors. Therefore, for any companies with a VIE structure in an industry category that falls under restricted to foreign investment or prohibited from foreign investment, the VIE structure

may

be deemed legitimate only if the ultimate controlling person(s) is/are of PRC nationality (either PRC companies or PRC citizens). Conversely, if the actual controlling person(s) is/are of foreign nationalities, then the VIEs will be treated as FIEs and any operation in the industry category falls under restricted to foreign investment or prohibited from foreign investment, without market entry clearance

may

be considered as illegal. Moreover, for the enterprises which are

not

incorporated under the laws of China (foreign investors) but are "controlled" by Chinese investors, they

may

submit documentary evidence to apply for identifying their investment as the investment by Chinese investors when they applying for the market entry clearance to engage in any investment as set out in industries restricted to foreign investment or prohibited from foreign investment in China. The competent authorities of foreign investment will grant the review opinion on whether the said investment is identified as the investment by Chinese investors.

In conclusion, if the Draft enacted as proposed, it is possible that the Company's conduct of certain of its operations and businesses through the VIEs could be found by PRC authorities to be in violation of PRC laws and regulations prohibiting or restricting foreign ownership of companies that engage in such operations and businesses. If such a finding were made, regulatory authorities with jurisdiction over the licensing and operation of such businesses would have broad discretion in dealing with such a violation, including levying fines, confiscating the Company's income, revoking the business or operating licenses of the affected businesses, requiring the Company to restructure its ownership structure or operations, or requiring the Company to discontinue all or any portion of its operations. Any of these actions could cause significant disruption to the Company's business operations, and have a material adverse impact on the Company's cash flows, financial position and operating performance. The Company's management considers the possibility of such a finding by PRC regulatory authorities to be remote.

These contractual arrangements

may

not

be as effective in providing the Company with control over the VIEs as direct ownership. Due to its VIE structure, the Company has to rely on contractual rights to effect control and management of the VIEs, which exposes it to the risk of potential breach of contract by the shareholders of the VIEs for a number of reasons. For example, their interests as shareholders of the VIEs and the interests of the Company

may

conflict and the Company

may

fail to resolve such conflicts; the shareholders

may

believe that breaching the contracts will lead to greater economic benefit for them; or the shareholders

may

otherwise act in bad faith. If any of the foregoing were to happen, the Company

may

have to rely on legal or arbitral proceedings to enforce its contractual rights, including specific performance or injunctive relief, and claiming damages. Such arbitral and legal proceedings

may

cost substantial financial and other resources, and result in a disruption of its business, and the Company cannot assure that the outcome will be in its favor. In addition, as all of these contractual arrangements are governed by PRC law and provide for the resolution of disputes through either arbitration or litigation in the PRC, they would be interpreted in accordance with PRC law and any disputes would be resolved in accordance with PRC legal procedures. The legal environment in the PRC is

not

as developed as in other jurisdictions, such as the United States. As a result, uncertainties in the PRC legal system could further limit the Company’s ability to enforce these contractual arrangements. Furthermore, these contracts

may

not

be enforceable in China if PRC government authorities or courts take a view that such contracts contravene PRC laws and regulations or are otherwise

not

enforceable for public policy reasons. In the event that the Company is unable to enforce any of these agreements, the Company would

not

be able to exert effective control over the affected VIEs and consequently, the results of operations, assets and liabilities of the affected VIEs and their subsidiaries would

not

be included in the Company's consolidated financial statements. If such were the case, the Company's cash flows, financial position and operating performance would be materially adversely affected.

The Company's agreements with respect to its consolidated VIEs are approved and in place. The Company's management believes that such agreements are enforceable, and considers it a remote possibility that PRC regulatory authorities with jurisdiction over the Company's operations and contractual relationships would find the agreements to be unenforceable under existing laws.

The significant terms of the VIE Agreements are summarized below:

Exclusive Business Cooperation Agreements:

Pursuant to the Exclusive Business Cooperation Agreements entered into by and between Rise King WFOE and each of the PRC Operating Entities, Rise King WFOE has the exclusive right to provide to the PRC Operating Entities complete technical support, business support and related consulting services during the term of these agreements, which includes but is

not

limited to technical services, business consultations, equipment or property leasing, marketing consultancy system integration, product research and development, and system maintenance. In exchange for such services, each PRC Operating Entity has agreed to pay a service fee to Rise King WFOE equal to

100%

of the net income of each PRC Operating Entity. Adjustments

may

be made upon approval by Rise King WFOE based on services rendered by Rise King WFOE and operational needs of the PRC Operating Entities. The payment shall be made on a monthly basis, if at year end, after an audit of the financial statements of any PRC Operating Entities, there is determined to be any shortfall in the payment of

100%

of the annual net income, such PRC Operating Entity shall pay such shortfall to Rise King WFOE. Each agreement has a

ten

-year term. The term of these agreements

may

be extended if confirmed in writing by Rise King WFOE, prior to the expiration of the term. The extended term shall be determined by Rise King WFOE, and the PRC Operating Entities shall accept such extended term unconditionally.

Exclusive Option Agreements:

Under the Exclusive Option Agreements entered into by and among Rise King WFOE, each of the PRC Shareholders irrevocably granted to Rise King WFOE or its designated person an exclusive option to purchase, to the extent permitted by PRC law, a portion or all of their respective equity interest in any PRC Operating Entities for a purchase price of RMB

10,

or a purchase price to be adjusted to be in compliance with applicable PRC laws and regulations. Rise King WFOE, or its designated person, has the sole discretion to decide when to exercise the option, whether in part or in full. Each of these agreements has a

ten

-year term, subject to renewal at the election of Rise King WFOE.

Equity Pledge Agreements:

Under the Equity Pledge Agreements entered into by and among Rise King WFOE, the PRC Operating Entities and each of the PRC Shareholders, the PRC Shareholders pledged all of their equity interests in the PRC Operating Entities to guarantee the PRC Operating Entities’ performance of its obligations under the Exclusive Business Cooperation Agreements. If the PRC Operating Entities or any of the PRC Shareholders breaches its/his/her respective contractual obligations under these agreements, or upon the occurrence of

one

of the events regarded as an event of default under each such agreement, Rise King WFOE, as pledgee, will be entitled to certain rights, including the right to dispose of the pledged equity interests. The PRC Shareholders of the PRC Operating Entities agreed

not

to dispose of the pledged equity interests or take any actions that would prejudice Rise King WFOE's interest, and to notify Rise King WFOE of any events or upon receipt of any notices which

may

affect Rise King WFOE's interest in the pledge. Each of the equity pledge agreements will be valid until all the payments related to the services provided by Rise King WFOE to the PRC Operating Entities due under the Exclusive Business Cooperation Agreements have been fulfilled. Therefore, the equity pledge agreements shall only be terminated when the payments related to the

ten

-year Exclusive Business Cooperation Agreement are paid in full and the WFOE does

not

intend to extend the term of the Exclusive Business Cooperation Agreement.

Irrevocable Powers of Attorney:

The PRC Shareholders have each executed an irrevocable power of attorney to appoint Rise King WFOE as their exclusive attorneys-in-fact to vote on their behalf on all PRC Operating Entities matters requiring shareholder approval. The term of each power of attorney is valid so long as such shareholder is a shareholder of the respective PRC Operating Entity.

As a result of these VIE Agreements, the Company through its wholly-owned subsidiary, Rise King WFOE, was granted with unconstrained decision making rights and power over key strategic and operational functions that would significantly impact the PRC Operating Entities or the VIEs’ economic performance, which includes, but is

not

limited to, the development and execution of the overall business strategy; important and material decision making; decision making for merger and acquisition targets and execution of merger and acquisition plans; business partnership strategy development and execution; government liaison; operation management and review; and human resources recruitment and compensation and incentive strategy development and execution. Rise King WFOE also provides comprehensive services to the VIEs for their daily operations, such as operational technical support, office automation technical support, accounting support, general administration support and technical support for products and services. As a result of the Exclusive Business Cooperation Agreements, the Equity Pledge Agreements and the Exclusive Option Agreements, the Company will bear all of the VIEs’ operating costs in exchange for

100%

of the net income of the VIEs. Under these agreements, the Company has the absolute and exclusive right to enjoy economic benefits similar to equity ownership through the VIE Agreements with its PRC Operating Entities and their shareholders.

Summarized below is the information related to the consolidated VIEs’ assets and liabilities as of

December 31, 2017

and

2016,

respectively:

	As of December 31,
	2017		2016
	US$(’000)		US$(’000)
Assets
Current assets:
Cash and cash equivalents	$	2,904	$	2,915
Term deposit		-		3,056
Accounts receivable, net		7,215		3,315
Other receivables, net		2,629		71
Prepayment and deposit to suppliers		4,009		4,710
Due from related parties, net		14		197
Total current assets		16,771		14,264

Long-term investments		-		43
Property and equipment, net		177		286
Intangible assets, net		2,112		5,468
Goodwill		5,277		4,970
Deferred tax assets		975		1,241
Total Assets	$	25,312	$	26,272

Liabilities
Current liabilities:
Short-term bank loan	$	765	$	721
Accounts payable		2,848		83
Advances from customers		3,559		1,388
Accrued payroll and other accruals		159		256
Due to Control Group		11		10
Payable for purchasing of software technology		436		411
Taxes payable		2,711		2,480
Other payables		155		162
Total current liabilities		10,644		5,511

Total Liabilities	$	10,644	$	5,511

All of the VIEs' assets can be used to settle obligations of their primary beneficiary. 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 consolidated statements of operations and comprehensive loss for the years ended

December 31, 2017

and

2016,

respectively:

	Year Ended December 31,
	2017		2016
	US$(’000)		US$(’000)

Revenues	$	46,576	$	34,643
Cost of revenues		42,019		26,916
Total operating expenses (including impairment of intangible assets and long-term investments)		9,897		9,167
Loss from discontinued operations		-		59
Net loss before allocation to noncontrolling interests		5,878		1,627

Note 3 - Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

Significant Accounting Policies [Text Block]

Summary of significant accounting policies

Basis of presentation

The consolidated financial statements are prepared and presented in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”).

Principles of consolidation

The consolidated financial statements include the financial statements of all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation. According to the agreements between Beijing CNET Online and Shanghai Borongdingsi, although Beijing CNET Online legally owns

51%

of Shanghai Borongdingsi’s interests, Beijing CNET Online only controls the assets and liabilities related to the bank kiosks business, which has been included in the financial statements of Beijing CNET Online, but does

not

control other assets of Shanghai Borongdingsi, thus, Shanghai Borongdingsi’s financial statements were

not

consolidated by the Company.

Use of estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company continually evaluates these estimates and assumptions based on the most recently available information, historical experience and various other assumptions that the Company believes to be reasonable under the circumstances. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates.

Foreign currency translation and transactions

The functional currency of the Company is United States dollars (“US$”), and the functional currency of China Net HK is Hong Kong dollars (“HK$”). The functional currency of the Company’s PRC operating subsidiaries and VIEs is Renminbi (“RMB”), and PRC is the primary economic environment in which the Company operates.

For financial reporting purposes, the financial statements of the Company’s PRC operating subsidiaries and VIEs, which are prepared using the RMB, are translated into the Company’s reporting currency, the United States Dollar (“U.S. dollar”). Assets and liabilities are translated using the exchange rate at each balance sheet date. Revenue and expenses are translated using average rates prevailing during each reporting period, and stockholders’ equity is translated at historical exchange rates. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income in stockholders’ equity.

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transactions. The resulting exchange differences are included in the determination of net loss of the consolidated statements of operations and comprehensive loss for the respective periods.

The exchange rates used to translate amounts in RMB into US$ for the purposes of preparing the consolidated financial statements are as follows:

	As of December 31,
	2017		2016

Balance sheet items, except for equity accounts		6.5342		6.9370

	Year Ended December 31,
	2017		2016
Items in the statements of income and comprehensive income, and statements of cash flows		6.7518		6.6423

representation is made that the RMB amounts could have been, or could be converted into US$ at the above rates.

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and bank deposits, which are unrestricted as to withdrawal and use. The Company considers all highly liquid investments with original maturities of

three

months or less at the time of purchase to be cash equivalents.

Term deposits

Term deposits consist of bank deposits with an original maturity of between

three

twelve

months.

Accounts receivable, other receivables, and due from related parties, net

Accounts receivable, other receivables and due from related parties are recorded at net realizable value consisting of the carrying amount less an allowance for uncollectible accounts as needed. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable, other receivables and due from related parties. The Company determines the allowance based on aging data, historical collection experience, customer specific facts and economic conditions. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. As of

December 31, 2017

and

2016,

the Company charged off approximately

US$1.41

million and US$nil account receivable balances against the allowance, respectively. The Company did

not

have any off-balance-sheet credit exposure relating to its customers, suppliers or others. For the years ended

December 31, 2017

and

2016,

the Company recorded in the aggregate of approximately

US$1.46

million and

US$0.37

million of allowances for doubtful accounts against its accounts receivable, other receivables and due from related parties.

Long-term investments

Equity method investments

Investee companies that are

not

consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting in accordance with ASC Topic

323

“Equity Method and Joint Ventures”. Whether or

not

the Company exercises significant influence with respect to an investee depends on an evaluation of several factors including, among others, representation on the investee companies’ board of directors and ownership level, which is generally a

20%

50%

interest in the voting securities of the investee companies. Under the equity method of accounting, an investee company’s accounts are

not

reflected within the Company’s consolidated balance sheets and statements of operations and comprehensive loss; however, the Company’s share of the income or losses of the investee company is reflected in the caption “Share of income (losses) in equity investment affiliates” in the consolidated statements of operations and comprehensive loss. The Company’s carrying value (including advance to the investee) in equity method investee companies is recorded in the caption “Long-term investments” in the Company’s consolidated balance sheets.

When the Company’s carrying value in an equity method investee company is reduced to zero,

further losses are recorded in the Company’s consolidated financial statements unless the Company guaranteed obligations of the investee company or has committed additional funding. When the investee company subsequently reports income, the Company will

not

record its share of such income until it equals the amount of its share of losses

not

previously recognized.

Cost method investments

Investee companies that are

not

consolidated, and over which the Company does

not

exercise significant influence, are accounted for under the cost method of accounting in accordance with ASC Topic

325

subtopic

20:

“Investments-Other: Cost Method Investments”. The Company generally owns less than

20%

interest in the voting securities of the cost method investee companies. Under the cost method of accounting, the Company records the cost method investments at cost in the caption “Long-term investments” in the Company’s consolidated balance sheets, and only adjusts for other-than-temporary declines in fair value of investee companies and distributions of earnings from investee companies.

Impairment for long-term investments

The Company assesses its long-term investments for other-than-temporary impairment by considering factors including, but

not

limited to, current economic and market conditions, operating performance and financial position of the investee companies, including current earnings trends and undiscounted cash flows, and other company-specific information. The fair value determination, particularly for investments in privately-held companies, requires significant judgment to determine appropriate estimates and assumptions. Changes in these estimates and assumptions could affect the calculation of the fair value of the investments and determination of whether any identified impairment is other-than-temporary. The impairment to be recognized is measured by the amount by which the carrying values of the long-term investments exceed the fair value of the long-term investments.

For the years ended

December 31, 2017

and

2016,

the Company recorded approximately

US$0.04

million and

US$0.16

million of impairment loss associated with its long-term investments, respectively.

Property and equipment, net

Property and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation is calculated on the straight-line method after taking into account their respective estimated residual values over the following estimated useful lives:

Leasehold improvements (years)		3
Vehicles (years)		5
Office equipment (years)	3	-	5
Electronic devices (years)		5

Depreciation expenses are included in sales and marketing expenses, general and administrative expenses and research and development expenses. Leasehold improvements are amortized over the lesser of the lease term or estimated useful life.

When property and equipment are retired or otherwise disposed of, resulting gain or loss is included in net income or loss in the period of disposition. Maintenance and repairs which do

not

improve or extend the expected useful lives of the assets are charged to expenses as incurred, whereas the cost of renewals and betterments that extend the useful life of the assets are capitalized as additions to the related assets.

Intangible assets, net

Purchased software and software platform is initially recorded at cost and amortized on a straight-line basis over the estimated useful economic life of

years.

Intangible assets other than goodwill acquired through various acquisitions are amortized on a straight-line basis over their expected useful economic lives.

Customer Relationship (years)	5	-	9
Non-Compete Agreement (years)	5	-	6
Software Technologies (years)		5

The Company accounted for website development costs in accordance with ASC Topic

350

50,

which requires that certain costs related to the development or purchase of internal-use software and systems as well as the costs incurred in the application development stage related to its website be capitalized and amortized over the estimated useful life of the software or system. ASC Topic

350

also require that costs related to the preliminary project stage, data conversion and post implementation/operation stage of an internal-use software development project be expensed as incurred. For the years ended

December 31, 2017

and

2016,

the Company did

not

capitalize any such cost, as the amount was considered immaterial.

Impairment of long-lived assets

Long-lived assets, which include tangible long-lived assets and intangible long-lived assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset

may

not

be recoverable. Recoverability of long-lived assets to be held and used is measured by a comparison of the carrying amount of the asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment loss is recognized for the difference between the carrying amount of the asset and its fair value.

For the years ended

December 31, 2017

and

2016,

the Company recognized

US$2.55

and US$nil impairment loss associated with its intangible assets. See Note

(n) and Note

for detailed disclosures about the impairment of intangible assets and the related valuation technique(s) and inputs used in the fair value measurement for the Company’s intangible assets.

Goodwill

Goodwill represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired as a result of the Company's acquisitions of interests in its consolidated VIEs.

Goodwill is

not

depreciated or amortized but is tested for impairment at the reporting unit level at least on an annual basis, and between annual tests when an event occurs or circumstances change that could indicate that the asset might be impaired. The test consists of

two

steps. First, identify potential impairment by comparing the fair value of the reporting unit to its carrying amount, including goodwill. If the fair value of the reporting unit is greater than its carrying amount, goodwill is

not

considered impaired. Second, if there is impairment identified in the

first

step, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the implied fair value of goodwill. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation, in accordance with ASC Topic

805

“Business Combinations.”

Application of a goodwill impairment test requires significant management judgment, including the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units, and determining the fair value of each reporting unit. The judgment in estimating the fair value of reporting units includes estimating future cash flows, determining appropriate discount rates and making other assumptions. Changes in these estimates and assumptions could materially affect the determination of fair value for each reporting unit.

In the

fourth

quarter of

2015,

the Company committed to a plan to sell liansuo.com, which is a portion of the Company’s internet advertising and data service reporting unit that constitutes a business. In accordance with ASC Topic

350:

“Intangibles-Goodwill and Others” Subtopic

40,

goodwill associated with that business unit shall be included in the carrying amount of the business to determine the gain or loss on disposal. In accordance with ASC

350

through ASC

350

the Company allocated approximately

US$914,000

goodwill associated with its internet advertising and data service reporting unit to the carrying value of lianso.com based on the relative fair value of lianso.com and the portion of this reporting unit that would be retained. In the

fourth

quarter of

2016,

the Company reassesses the status of its disposal group classified as held for sale, basis on which, the Company concluded that its disposal group

longer met all the criteria for the classification as held for sale. Therefore, the Company reclassified the assets and liabilities related to the disposal group as held and used and measured it at the lower of its carrying value and fair value in accordance with ASC

360.

As the fair value of the disposal group exceeded its carrying amount, including goodwill allocated to the disposal group at the date of the reclassification, the disposal group was reclassified to held and used at its carrying value, including the goodwill amount previously allocated to the disposal group.

As of

December 31, 2017

and

2016,

the Company’s goodwill is attributable to its internet advertising and data service reporting unit. The Company performed the annual test on goodwill impairment for this reporting unit on

December 31, 2017

2016,

respectively. See Note

(n) and Note

for detailed disclosures about the impairment of goodwill and the related valuation technique(s) and inputs used in the fair value measurement for the Company’s goodwill.

For the years ended

December 31, 2017

and

2016,

the Company did

not

record any impairment loss associated with its goodwill.

Noncontrolling interest

The Company accounts for noncontrolling interest in accordance with ASC Topic

810

45,

which requires the Company to present noncontrolling interests as a separate component of total shareholders’ equity on the consolidated balance sheet and the consolidated net income/(loss) attributable to the parent and the noncontrolling interest be clearly identified and presented on the face of the consolidated statement of operations and comprehensive loss. ASC Topic

810

also requires that losses attributable to the parent and the noncontrolling interest in a subsidiary be attributed to those interests even if it results in a deficit noncontrolling interest balance.

Fair value

The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, other receivables, accounts payable and payable for purchasing of software technology. The carrying values of these financial instruments approximate fair values due to their short maturities.

ASC Topic

820

"Fair Value Measurement and Disclosures," defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This topic also establishes a fair value hierarchy which requires classification based on observable and unobservable inputs when measuring fair value. There are

three

levels of inputs that

may

be used to measure fair value:

Level

- Quoted prices in active markets for identical assets or liabilities.

Level

- Observable inputs other than Level

prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are

not

active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level

- Unobservable inputs that are supported by little or

market activity and that are significant to the fair value of the assets or liabilities.

Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter.

The Company’s intangible assets and goodwill are measured at fair value on a nonrecurring basis and they are recorded at fair value only when impairment is recognized.

The fair value of intangible assets was determined using income approach or cost approach, and the fair value of goodwill was determined using income approach. The following table summarizes the quantitative information about the Company’s Level

fair value measurements, which utilize significant unobservable internally-developed inputs:

	Valuation technique(s)	Unobservable inputs	Ranges

As of December 31, 2017
Intangible assets	Multi-period Excess Earning/ Replacement Cost	Remaining useful life (years)	3.25	-	8.5
		Discount rate		24%
		Contributory asset charge	15.9%	-	24%

Goodwill	Discounted Cash Flow	Base projection period (years)		5
		Discount rate		20%
		Terminal growth rate		3.5%

As of December 31, 2016
Intangible assets	Multi-period Excess Earning/ Replacement Cost	Remaining useful life (years)	1	-	9.5
		Discount rate		24%
		Contributory asset charge	12.9%	-	24%

Goodwill/ Disposal group	Discounted Cash Flow	Base projection period (years)		5
		Discount rate		20%
		Terminal growth rate		3.5%

Remaining useful life was determined based on the remaining estimated useful life of the assets being valued. Contributory asset charges were determined based on the nature (risk) and liquidity of the respective contributory asset. Base projection period adopted by the Company was commonly used in the market practice. Terminal growth rate was determined based on the estimated long-term GDP growth rate of China. Discount rate for goodwill/disposal group was determined based on the appropriate Weighted Average Cost of Capital (WACC) should be adopted by the Company to estimate the fair value of goodwill/disposal group, and the discount rate adopted for intangible assets represented a

premium on WACC in consideration of higher risk associated with intangible assets.

Revenue recognition

The Company's revenue recognition policies are in compliance with ASC Topic

605

“Revenue Recognition”. In accordance with ASC Topic

605,

revenues are recognized when the

four

of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the service has been rendered, (iii) the fees are fixed or determinable, and (iv) collectability is reasonably assured.

Sales include revenues from selling advertising time purchased from TV stations, internet advertising space on the Company’s website portals and effective sales lead information collected, providing online advertising, precision marketing, data service and other related value-added services. Advertising contracts establish the fixed price and advertising services to be provided. Pursuant to advertising contracts, the Company provides advertisement placements in different formats, including but

not

limited to banners, links, logos, buttons, rich media and content integration in specified locations on the sites and for agreed periods; and/or places the advertisements onto purchased advertisement time during specific TV programs for agreed periods. Revenue is recognized ratably over the period the advertising is provided and, as such, the Company considers the services to have been delivered. The Company treats all elements of advertising contracts as a single unit of accounting for revenue recognition purposes. Value added services are provided based on

two

types of contracts: (i) fixed price and (ii) fixed price with minimum performance threshold. For contracts with fixed price term, revenue is recognized when the engaged service was provided and accepted by clients. For fixed price contracts with minimum performance threshold, revenue is recognized when the specified performance criteria are met. Revenue from search engine marketing services is recognized on a monthly basis based on the direct cost consumed through search engines for providing such services with a premium. The Company recognizes the revenue on a gross basis, as the Company believes that it acts as the primary obligor of this transaction, which is considered the most important factor for a gross revenue recognition in accordance with ASC Topic

605,

subtopic

45.

Revenue from selling effective sales lead information is recognized based on fixed price per sales lead when information is delivered and accepted by clients. Based upon the Company’s credit assessments of its clients prior to entering into contracts, the Company determines if collectability is reasonably assured. In situations where collectability is

not

deemed to be reasonably assured, the Company recognizes revenue upon receipt of cash from clients, only after services have been provided and all other criteria for revenue recognition have been met.

Cost of revenues

Cost of revenues primarily includes the cost of media advertising time, internet advertising related resources and other technical services purchased from

third

parties and other direct cost associated with providing services.

Advertising costs

Advertising costs for the Company’s own brand building are

not

includable in cost of revenues, they are expensed when incurred or amortized over the estimated beneficial period and are included in “sales and marketing expenses” in the statement of operations and comprehensive loss. For the years ended

December 31, 2017

and

2016,

advertising expenses for the Company’s own brand building were approximately

US$1,717,000

and

US$2,360,000,

respectively.

Research and development expenses

The Company accounts for the cost of developing and upgrading technologies and platforms and intellectual property that are used in its daily operations in research and development cost. Research and development costs are charged to expense when incurred. Expenses for research and development for the years ended

December 31, 2017

and

2016

were approximately

US$1,261,000

and

US$1,996,000,

respectively.

Income taxes

The Company follows the guidance of ASC Topic

740

“Income taxes” and uses liability method to account for income taxes. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets, if based on the weight of available evidence, it is more-likely-than-

not

that some portion, or all, of the deferred tax assets will

not

be realized. The effect on deferred taxes of a change in tax rates is recognized in statement of income and comprehensive income in the period that includes the enactment date.

Uncertain tax positions

The Company follows the guidance of ASC Topic

740

“Income taxes”, which prescribes a more likely than

not

threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This Interpretation also provides guidance on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures.

The Company recognizes interest on non-payment of income taxes and penalties associated with tax positions when a tax position does

not

meet more likely than

not

thresholds be sustained under examination. The tax returns of the Company’s PRC subsidiaries and VIEs are subject to examination by the relevant tax authorities. According to the PRC Tax Administration and Collection Law, the statute of limitations is

three

years if the underpayment of taxes is due to computational errors made by the taxpayer or the withholding agent. The statute of limitations is extended to

five

years under special circumstances, where the underpayment of taxes is more than

RMB100,000.

In the case of transfer pricing issues, the statute of limitation is

ten

years. There is

statute of limitation in the case of tax evasion. The Company did

not

have any material interest or penalties associated with tax positions for the years ended

December 31, 2017

and

2016

and did

not

have any significant unrecognized uncertain tax positions as of

December 31, 2017

and

2016,

respectively.

Share-based Compensation

The Company accounted for share-based compensation to employees in accordance with ASC Topic

718

“Compensation-Stock Compensation” which requires that share-based payment transactions be measured based on the grant-date fair value of the equity instrument issued, net of an estimated forfeiture rate, if applicable, and therefore only recognizes compensation expenses for those equity instruments expected to vest over the requisite service period, or vesting period. Forfeitures are estimated at the time of grant and revised in the subsequent periods if actual forfeitures differ from those estimates. Cost of services received from non-employees is measured at fair value at the earlier of the performance commitment date or the date service is completed and recognized over the period the service is provided. Share-based compensation expenses were recorded in sales and marketing expenses, general and administrative expenses and research and development expenses.

Comprehensive income

The Company accounts for comprehensive income in accordance with ASC Topic

220

“Comprehensive Income”, which establishes standards for reporting and displaying comprehensive income and its components in the consolidated financial statements. Comprehensive income is defined as the change in equity of a company during a period from transactions and other events and circumstances excluding transactions resulting from investments from owners and distributions to owners. Accumulated other comprehensive income, as presented in the Company’s consolidated balance sheets are the cumulative foreign currency translation adjustments.

Earnings (loss) per share

Earnings (loss) per share are calculated in accordance with ASC Topic

260,

“Earnings Per Share”. Basic earnings (loss) per share is computed by dividing income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. Common shares issuable upon the conversion of the convertible preferred shares are included in the computation of diluted earnings per share on an “if-converted” basis when the impact is dilutive. The dilutive effect of outstanding common stock warrants and options are reflected in the diluted earnings per share by application of the treasury stock method when the impact is dilutive.

)

Commitments and contingencies

The Company has adopted ASC Topic

450

“Contingencies” subtopic

20,

in determining its accruals and disclosures with respect to loss contingencies. Accordingly, estimated losses from loss contingencies are accrued by a charge to income when information available before financial statements are issued or are available to be issued indicates that it is probable that an asset had been impaired or a liability had been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is

not

probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.

Recent accounting standards

May 2014,

the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU”)

No.

2014

09,

“Revenue from Contracts with Customers (Topic

606

)” (as further amended or clarified by other related ASUs issued subsequently in

2015,

2016

and

2017

). ASU

No.

2014

clarifies the principles for recognizing revenue and develops a common revenue standard for U.S. GAAP and IFRS. Simultaneously, this ASU supersedes the revenue recognition requirements in ASC Topic

605

-Revenue Recognition and most industry-specific guidance throughout the Industry Topics of the Codification. The core principle of this ASU requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the

five

steps: (

) identify the contract(s) with a customer; (

) identify the performance obligations in the contract; (

) determine the transaction price; (

) allocate the transaction price to the performance obligations in the contract; (

) recognize revenue when (or as) the entity satisfies a performance obligation. For public business entities, certain

not

-for-profit entities, and certain employee benefit plans, the amendments in ASU

No.

2014

and the amendments in other related ASUs that affected the guidance in ASU

2014

should be applied to annual reporting periods beginning after

December 15, 2017,

including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after

December 15, 2016,

including interim reporting periods within that reporting period. The Company has adopted this standard on

January 1, 2018

using the modified retrospective approach, in which case the cumulative effect of applying the standard, if any, would be recognized at the date of initial application. The Company also estimates there will

not

be a material impact to the beginning balance of its retained earnings

February 2016,

the FASB issued ASU

No.

2016

02,

“Leases (Topic

842

)”. The amendments in this ASU requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of

months or less, a lessee is permitted to make an accounting policy election by class of underlying asset

not

to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. For public business entities, the amendments in this ASU are effective for fiscal years beginning after

December 15, 2018,

including interim periods within those fiscal years. Early application of the amendments in this ASU is permitted for all entities. The Company is currently evaluating the impact on its consolidated financial position and results of operations upon adopting these amendments. Based on its preliminary evaluation, the Company expects to start recognizing lease assets and lease liabilities for its operating leases on the Company’s statements of financial position as of the end of the

first

fiscal quarter of

2019

and the comparative period presented. The Company expects

material impact on its results of operations or cash flows in the periods after adoption. The Company expects to complete its assessment of the effect of adopting ASU

No.

2016

by the end of

2018.

March 2016,

the FASB issued ASU

No.

2016

09,

“Compensation—Stock Compensation (Topic

718

): Improvements to Employee Share-Based Payment Accounting”. The amendments in this ASU affected all entities that issue share-based payment awards to their employees. The areas for simplification in this ASU involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Some of the areas for simplification apply only to nonpublic entities. For public business entities, the amendments in this ASU are effective for annual periods beginning after

December 15, 2016,

and interim periods within those annual periods. The adoption of this standard did

not

have a material impact on the Company’s consolidated financial position or results of operations.

January 2017,

the FASB issued ASU

No.

2017

01,

“Business Combinations (Topic

805

): Clarifying the Definition of a Business”. The amendments in this ASU provide a screen to determine when a set is

not

a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is

not

a business. This screen reduces the number of transactions that need to be further evaluated. If the screen is

not

met, the amendments in this ASU (

) require that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (

) remove the evaluation of whether a market participant could replace missing elements. The amendments provide a framework to assist entities in evaluating whether both an input and a substantive process are present. The framework includes

two

sets of criteria to consider that depend on whether a set has outputs. Although outputs are

not

required for a set to be a business, outputs generally are a key element of a business; therefore, the Board has developed more stringent criteria for sets without outputs. Lastly, the amendments in this ASU narrow the definition of the term output so that the term is consistent with how outputs are described in Topic

606.

Public business entities should apply the amendments in this ASU to annual periods beginning after

December 15, 2017,

including interim periods within those periods. The amendments in this ASU should be applied prospectively on or after the effective date.

disclosures are required at transition. Based on the Company’s evaluation, the Company does

not

expect the adoption of these amendments to have a material impact on its consolidated financial position and results of operations.

January 2017,

the FASB issued ASU

No.

2017

04,

“Intangibles-Goodwill and Others (Topic

350

)-Simplify the Test for Goodwill Impairment”. To simplify the subsequent measurement of goodwill, the amendments in this ASU eliminated Step

from the goodwill impairment test. In computing the implied fair value of goodwill under Step

an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should

not

exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The amendments in this ASU also eliminated the requirements for any reporting unit with a

zero

or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step

of the goodwill impairment test. Therefore, the same impairment assessment applies to all reporting units. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a

zero

or negative carrying amount of net assets. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. An entity should apply the amendments in this ASU on a prospective basis. An entity is required to disclose the nature of and reason for the change in accounting principle upon transition. That disclosure should be provided in the

first

annual period and in the interim period within the

first

annual period when the entity initially adopts the amendments in this ASU. A public business entity that is a U.S. Securities and Exchange Commission (SEC) filer should adopt the amendments in this ASU for its annual or any interim goodwill impairment tests in fiscal years beginning after

December 15, 2019.

Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after

January 1, 2017.

The Company is currently evaluating the impact on its consolidated financial position and results of operations upon adopting these amendments.

February 2018,

the FASB issued ASU

2018

02:

“Income Statement—Reporting Comprehensive Income (Topic

220

)- Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income”. The amendments in this ASU allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act (the “Act”). Consequently, the amendments eliminate the stranded tax effects resulting from the Act and will improve the usefulness of information reported to financial statement users. However, because the amendments only relate to the reclassification of the income tax effects of the Act, the underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is

not

affected. The amendments in this ASU also require certain disclosures about stranded tax effects. The amendments in this ASU are effective for fiscal years beginning after

December 15, 2018,

and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact on its consolidated financial position and results of operations upon adopting these amendments.

Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do

not

require adoption until a future date are

not

expected to have a material impact on the Company’s consolidated financial statements upon adoption.

Note 4 - Term Deposit

12 Months Ended

Dec. 31, 2017

Term Deposit [Text Block]

Term deposit

Term deposit as of

December 31, 2016

represented the amount of cash placed as a term deposit by

one

of the Company’s operating VIEs in a major financial institution in China, which management believes is of high credit quality. The term deposit matured on

July 7, 2017.

The interest rate of the term deposit was

2.25%

per annum.

Note 5 - Accounts Receivable, Net

12 Months Ended

Dec. 31, 2017

Accounts Receivable Disclosure [Text Block]

5.	Accounts receivable, net

	As of December 31,
	2017			2016
	US$(’000)			US$(’000)

Accounts receivable		10,008			6,034
Allowance for doubtful debts		(2,793	)		(2,712	)
Accounts receivable, net		7,215			3,322

All of the accounts receivable are non-interest bearing. Based on the assessment of the collectability of the accounts receivable as of

December 31, 2017

and

2016,

the Company provided approximately

US$2,793,000

and

US$2,712,000

allowance for doubtful accounts, respectively, which were primarily related to the accounts receivable of the Company’s internet advertising and TV advertising business segment with an aging over

six

months. The Company evaluates its accounts receivables with an aging over

six

months and determines the allowance based on aging data, historical collection experience, customer specific facts and economic conditions. For the year ended

December 31, 2017,

approximately

US$1.28

million allowance for doubtful accounts was provided. For the year ended

December 31, 2016,

approximately

US$0.04

million allowance for doubtful accounts was reversed. As of

December 31, 2017,

the Company also charged off approximately

US$1.41

million account receivable balances against the allowance, as all means of collection of these balances have been exhausted and the potential for recovery is considered remote.

Note 6 - Other Receivables, Net

12 Months Ended

Dec. 31, 2017

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

6.	Other receivables, net

Other receivables as of

December 31, 2017

primarily represented a short-term working capital loan of approximately

US$2.6

million to an unrelated

third

party, which will expire on

June 30, 2018.

The loan with an original amount of

US$2.91

million was unsecured and non-interest bearing. The Company received approximately

US$0.31

million repayment of this loan in

December 2017,

and the remaining balance of this loan had been fully repaid subsequently during the

first

fiscal quarter of

2018.

As of

December 31, 2017

and

2016,

other receivables also included approximately

RMB

6.0

(

$0.9

million) overdue contractual deposits, which were related to advertising resources purchase contracts that had been completed with

further cooperation. Based on the assessment of the collectability of these overdue deposits as of

December 31, 2017

and

2016,

the Company had provided full allowance against these doubtful accounts. For the year ended

December 31, 2017,

approximately

US$30,000

allowance for doubtful accounts was reversed due to subsequent collection. For the year ended

December 31, 2016,

allowance for doubtful accounts recorded to against these overdue deposits was approximately

US$256,000.

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

Note 7 - Prepayments and Deposit to Suppliers

12 Months Ended

Dec. 31, 2017

Prepayments and Deposits to Suppliers Disclosure [Text Block]

Prepayments and deposit to suppliers

	As of December 31,
	2017		2016
	US$(’000)		US$(’000)

Deposits to TV and internet resources providers		1,870		1,074
Prepayments to TV and internet resources providers		1,331		2,874
Deposits to other service providers		765		721
Other deposits and prepayments		107		91
		4,073		4,760

The Company purchases internet resources from large internet search engines and technical services from suppliers to attract more internet traffic to its advertising portals and provide value-added services to its clients. The Company also purchases TV advertising time slots for resale through broadcast advertisements to promote brands, business information, products and services of its clients.

Deposits to TV and internet resources providers are paid as contractual deposits to the Company’s resources and services suppliers. As of

December 31, 2017

and

2016,

deposit to TV and internet resources providers primarily consisted of the contractual deposits paid for purchasing internet resources from

two

of the Company’s largest internet resources suppliers.

According to the contracts signed between the Company and its suppliers, the Company is normally required to pay the contract amounts in advance. These prepayments will be transferred to cost of revenues when the related services are provided. As of

December 31, 2017

and

2016,

prepayments to TV and internet resources providers primarily consisted of advance payments paid for purchasing internet resources from

two

of the Company’s largest internet resources suppliers.

As of

December 31, 2017

and

2016,

deposits to other service provider represented the deposit for an advisory contract related to finding new investors for the Company, which expired on

December 31, 2017.

The service provider refunded the deposit to the Company in

March 2018.

Note 8 - Due From Related Parties, Net

12 Months Ended

Dec. 31, 2017

8.	Due from related parties, net

	As of December 31,
	2017			2016
	US$(’000)			US$(’000)

Beijing Saimeiwei Food Equipment Technology Co., Ltd.		33			31
Chuangshi Meiwei (Beijing) International Investment Management Co., Ltd.		156			150
Guohua Shiji (Beijing) Communication Co., Ltd.		184			175
ChinaNet Chuang Tou (Shenzhen) Co., Ltd.		14			-
Beijing Saturday Education Technology Co., Ltd.		-			1
		387			357
Allowance for doubtful debts		(373	)		(144	)
Due from related parties, net		14			213

Related parties of the Company represented the Company’s direct or indirect unconsolidated investee companies. As of

December 31, 2017

and

2016,

due from related parties primarily included short-term working capital loans of

RMB1.0

million (approximately

US$0.15

million) and

RMB1.2

million (approximately

US$0.18

million) to Chuangshi Meiwei and Guohua Shiji, respectively. The working capital loans are advanced to supplement the short-term operational needs of these related parties to assist certain of their business developing projects. The working capital loans are non-interest bearing and needs to be repaid to the Company within

one

year.

Based on the assessment of the collectability, the Company provided full allowance for doubtful accounts against its service fee receivables due from Saimeiwei, Guohua Shiji and Chuangshi Meiwei and its short-term working capital loan lent to Guohua Shiji and Chuangshi Meiwei, with an approximately

US$0.21

million and

US$0.15

million of allowance for doubtful debts recorded for the years ended

December 31, 2017

and

2016,

respectively, as a result of the unfavorable facts related to the business status of these related party, as discussed in Note

Note 9 - Long-term Investments

12 Months Ended

Dec. 31, 2017

Equity Method Investments and Joint Ventures Disclosure [Text Block]

9.	Long-term investments

	As of December 31,
	2017			2016
	US$(’000)			US$(’000)
Equity method investments:
Investment in equity method investees		753			709
Advance to equity method investees		80			75
Impairment on equity method investments		(833	)		(784	)
Total equity method investments		-			-
Cost method investments:
Investment in cost method investees		1,125			1,492
Impairment on cost method investments		(207	)		(152	)
Total cost method investments		918			1,340
Total long-term investments		918			1,340

Equity method investments

As of

December 31, 2017

and

2016,

the Company beneficially owned

23.18%

and

25.5%

equity interest in Shenzhen Mingshan and Zhao Shang Ke Hubei, respectively. The Company accounts for its investments in these companies under equity method of accounting. Based on the facts of the significant decline in level of business activities from

2015,

insufficient amount of working capital and the lack of commitment from majority shareholders, these

two

investment affiliates had become dormant and the possibility of the business recovery is remote. As a result, the Company reduced the carrying value of these investments to

zero

as of

December 31, 2015.

Cost method investments

As of

December 31, 2017

and

2016,

the Company beneficially owned a

19%

equity interest in ChinaNet Chuang Tou and Guohua Shiji, respectively, a

10%

equity interest in Chuangshi Meiwei and Beijing Saturday and a

15%

equity interest in ChinaNet Korea, respectively. The Company accounts for its investments in these companies under cost method of accounting. The following table summarizes the movement of the investments in cost method investees for the

two

years then ended

December 31, 2017:

	ChinaNet Korea			Beijing Saturday			Chuangshi Meiwei			Guohua Shiji			ChinaNet Chuang Tou			Total
	US$(’000)			US$(’000)			US$(’000)			US$(’000)			US$(’000)			US$(’000)

Balance as of December 31, 2015		-			17			154			3			939			1,113
Investment during the year		8			-			-			25			418			451
Impairment on cost method investments		(8	)		-			(144	)		-			-			(152	)
Exchange translation adjustment		-			(1	)		(10	)		(1	)		(60	)		(72	)
Balance as of December 31, 2016		-			16			-			27			1,297			1,340
Withdraw of cash investment		-			-			-			-			(459	)		(459	)
Impairment on cost method investments		-			(17	)		-			(29	)		-			(46	)
Exchange translation adjustment		-			1			-			2			80			83
Balance as of December 31, 2017		-			-			-			-			918			918

The Company invested in Guohua Shiji which provides internet and information technical services, and invested in ChinaNet Korea and Chuangshi Meiwei which provide franchise consulting services for Korean food and beverage brands introduced to China. As the business plan of these companies were

not

implemented smoothly and based on the facts of the significant decline in level of business activities, continued operating losses incurrence, insufficient amount of working capital and the lack of commitment from majority shareholders, the possibility of the business recovery of these companies is remote. In late

2017,

the business operation of Beijing Saturday was suspended by the local government due to certain administrative issues, which is

not

expected to be resolved in the near future. As a result, the Company reduced the carrying value of its investment to Guohua Shiji and Beijing Saturday to

zero

as of

December 31, 2017

and its investments to ChinaNet Korea and Chuangshi Meiwei to

zero

as of

December 31, 2016,

with an approximately

US$0.04

million and

US$0.16

million other-than temporary impairment loss recorded for the years ended

December 31, 2017

and

2016,

respectively. The Company assessed the fair value of its remaining cost method investments and determined

additional other-than temporary impairment exist.

Note 10 - Property and Equipment, Net

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment Disclosure [Text Block]

10.	Property and equipment, net

	As of December 31,
	2017			2016
	US$(’000)			US$(’000)

Leasehold improvement		337			317
Vehicles		810			763
Office equipment		1,410			1,371
Electronic devices		1,164			1,096
Property and equipment, cost		3,721			3,547
Less: accumulated depreciation		(3,258	)		(2,922	)
Less: impairment loss on abandoned fixed assets		(164	)		(154	)
Property and equipment, net		299			471

Depreciation expenses in the aggregate for the years ended

December 31, 2017

and

2016

were approximately

US$196,000

and

US$248,000,

respectively.

Note 11 - Intangible Assets, Net

12 Months Ended

Dec. 31, 2017

Intangible Assets Disclosure [Text Block]

11.

Intangible assets, net

	As of December 31,
	2017			2016
	US$(’000)			US$(’000)
Intangible assets not subject to amortization:
Domain name		1,478			1,393
Intangible assets subject to amortization:
Customer relationship		2,038			1,920
Non-compete agreements		1,122			1,057
Software technologies		314			295
Cloud compute software technology		1,420			1,338
Internet safety, information exchange security and data encryption software		1,990			1,874
Intelligent marketing data service platform		4,942			4,655
Cloud video management system		1,454			1,369
Other computer software		120			113
Intangible assets, cost		14,878			14,014
Less: accumulated amortization		(6,443	)		(4,875	)
Less: accumulated impairment losses		(4,627	)		(1,875	)
Intangible assets, net		3,808			7,264

Amortization expenses in aggregate for the years ended

December 31, 2017

and

2016

were approximately

US$1,226,000

and

US$1,324,000,

respectively.

The Company performed an impairment analysis on its intangible assets as of

December 31, 2017

and

2016,

respectively. The fair value of intangible assets was determined using Multi-period Excess Earning Method (the “MPEEM method”) and Replacement Cost Method. As an application of income approach, the MPEEM method is a widely-used valuation method, it determines the fair value of the asset as the present value of the cash flows attributable to it. As the asset will generally earn cash flows through interaction with other tangible and intangible assets, the contributions to cash flows of those other assets must be removed. Those assets are referred to as contributory assets which are defined as all assets that are utilized in the realization of expected future cash flows for the target asset (See Note

(n) for significant unobservable internally-developed inputs used in the intangible assets fair value measurement).

For the year ended

December 31, 2017,

the Company provided approximately

US$2.55

million impairment losses associated with intelligent marketing data service platform, cloud video management system and cloud compute software technology of its internet advertising and data service business segment, due to insufficient estimated future cash flows expected to be generated by these assets. For the year ended

December 31, 2016,

the Company did

not

recognize any impairment loss associated with its intangible assets.

Based on the net carrying value of the finite-lived intangible assets recorded, which weighted average remaining useful life was

6.38

years as of

December 31, 2017,

and assuming

further subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately

US$

656,000

each year for the year ending

December 31, 2018,

2019

and

2020,

approximately

US$646,000

for the year ending

December 31, 2021,

and approximately

US$497,000

for the year ending

December 31, 2022.

Note 12 - Goodwill

12 Months Ended

Dec. 31, 2017

Goodwill Disclosure [Text Block]

12.

Goodwill

	Amount
	US$(’000)

Balance as of December 31, 2015		4,396
Goodwill adjustment due to reclassify disposal group to held and used		914
Exchange translation adjustment		(340	)
Balance as of December 31, 2016		4,970
Exchange translation adjustment		307
Balance as of December 31, 2017		5,277

The Company’s goodwill arose from various business combinations consummated in

2011.

The Company’s goodwill was attributable to its internet advertising and data service reporting unit.

As discussed in Note

(l), in the

fourth

quarter of

2015,

350:

“Intangibles-Goodwill and Others” Subtopic

40,

goodwill associated with that business unit shall be included in the carrying amount of the business to determine the gain or loss on disposal. In accordance with ASC

350

through ASC

350

the Company allocated approximately

US$914,000

fourth

quarter of

2016,

the Company reassesses the status of its disposal group classified as held for sale, basis on which, the Company concluded that its disposal group

360.

The fair value of reporting units was determined using the income approach by a discounted cash flow analysis. The discounted cash flow method is premised on the concept that the value is based on the present value of all future cash flows by applying an appropriate discount rate. The future benefits generating cash flows consist of current income distributions, appreciation in the asset, or a combination of both. In essence, this valuation method requires a forecast to be made of cash flow, going out far enough into the future until an assumed stabilization occurs for the assets being appraised. This methodology assumes that the forecasted income/cash flow will

not

necessarily be stable in the near term but will stabilize in the future (See Note

(n) for significant unobservable internally-developed inputs used in the fair value measurement).

For the years ended

December 31, 2017

and

2016,

the Company did

not

record any impairment loss associated with its goodwill.

Note 13 - Short-term Bank Loan

12 Months Ended

Dec. 31, 2017

Short-term Debt [Text Block]

13.	Short-term bank loan

Short-term bank loan as of

December 31, 2017

and

2016

represented short-term bank loans of

RMB

5.0

million (approximately

$0.8

million), in the aggregate, borrowed by

one

of the Company’s VIEs from a major financial institution in China to supplement its short-term working capital needs, of which

RMB

3.0

million (approximately

$0.5

million) matured and was repaid on

July 18, 2017,

and was re-borrowed on

August 16, 2017,

which will mature on

August 15, 2018,

the remaining

RMB

2.0

million (approximately

$0.3

million) matured and was repaid on

October 18, 2017,

and was re-borrowed on

October 23, 2017,

which will mature on

October 22, 2018.

The current interest rate of these short-term bank loans is

5.655%

per annum, which is

30%

over the benchmark rate of the People’s Bank of China (the “PBOC”).

Note 14 - Accrued Payroll and Other Accruals

12 Months Ended

Dec. 31, 2017

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

14.

Accrued payroll and other accruals

	As of December 31,
	2017		2016
	US$(’000)		US$(’000)

Accrued payroll and staff welfare		203		319
Accrued operating expenses		356		366
		559		685

Note 15 - Due to Investors Related to Terminated Security Purchase Agreements

12 Months Ended

Dec. 31, 2017

Guarantee Payment and Prepayment from New Investors [Text Block]

15.

Due to investors related to terminated security purchase agreements

May 2015,

the Company entered into securities purchase agreements with Beijing Jinrun Fangzhou Science & Technology Co, Ltd. (“Jinrun Fangzhou”) and Dongsys Innovation (Beijing) Technology Development Co., Ltd. (“Dongsys Innovation”), public companies listed on the National Equities Exchange and Quotations of the PRC (the “NEEQ”), respectively, pursuant to which these companies agreed to purchase a certain number of shares of common stock of the Company. The Company had received the

10%

guarantee payment and

15%

prepayment in an aggregate amount equal to

US$819,000

from Jinrun Fangzhou, and the

10%

guarantee payment in an amount equal to

US$119,000

from Dongsys Innovation, respectively.

Due to certain restriction stipulated in the “Measures for Overseas Investment Management” issued by the Ministry of Commerce of the PRC (the “MOFCOM”), the Company and its investors experienced difficulties in obtaining approval for the transactions from the MOFCOM. As a result, on

May 12, 2016,

the Company terminated the security purchase agreements with these

two

investors, respectively. The Company did

not

make any repayment to these investors afterwards during

2016

and

2017.

As agreed by the parties, beginning on

January 1, 2017,

the Company needs to bear a

12%

annualized interest rate for the unpaid amounts and the amounts shall be refunded to the investors

later than

December 31, 2017.

Interest expense for the unpaid amounts accrued for the year ended

December 31, 2017

was approximately

US$0.11

million, which was recorded in other payables account.

February 2018,

the Company fully repaid Dongsys Innovation the principal and interest until

December 31, 2017

of approximately

US$0.14

million. In

March 2018,

the Company repaid

RMB3.0

million (approximately

US$0.46

million) to Jinrun Fangzhou and expects to settle the remaining balance of this liability before

June 2018.

Both Dongsys Innovation and Jinrun Fangzhou agreed

not

to charge additional interest in fiscal

2018.

Note 16 - Payable for Purchasing of Software Technology

12 Months Ended

Dec. 31, 2017

Accounts Payable and Accrued Liabilities for Software Disclosure [Text Block]

16.

Payable for purchasing of software technology

Payable for purchasing of software technology as of

December 31, 2017

and

2016

represented the outstanding payment balance for the purchasing of a cloud video management system, which transaction was consummated in the

fourth

quarter of

2016.

The Company has subsequently settled the balance with the counter party in

March 2018.

Note 17 - Taxation

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Text Block]

17.

Taxation

)

Income tax

The entities within the Company file separate tax returns in the respective tax jurisdictions in which they operate.

i). a. On

December 22, 2017,

the U.S. enacted the Tax Cuts and Jobs Act (“TCJA” or the “Act”) (which is commonly referred to as “U.S. tax reform”). The Act significantly changes U.S. corporate income tax laws including but

not

limited to reducing the U.S. corporate income tax rate from

35%

21%

beginning in

2018

and imposing a

one

-time mandatory tax on previously deferred foreign earnings.

i). b. The Company is incorporated in the state of Nevada. Under the current law of Nevada, the Company is

not

subject to state corporate income tax. Following the Share Exchange, the Company became a holding company and does

not

conduct any substantial operations of its own.

provision for federal corporate income tax has been made in the financial statements as the Company has

assessable profits for the year ended

December 31, 2017,

or any prior periods. Before enactment of the Act, the Company did

not

provide for U.S. taxes or foreign withholding taxes on undistributed earnings from its non-U.S. subsidiaries because such earnings are intended to be reinvested indefinitely. If undistributed earnings were distributed, foreign tax credits could become available under current law to reduce the resulting U.S. income tax liability. Please see additional discussion regarding the assessment of the income tax effect of the Act in item i). d. below.

i). c. On

December 22, 2017,

the Securities and Exchange Commission staff issued Staff Accounting Bulletin

No.

118

(“SAB

118”

), which provides guidance on accounting for the tax effects of the Act. SAB

118

provides a measurement period that should

not

extend beyond

one

year from the Act enactment date for companies to complete the accounting under ASC

740

“Income Taxes”. In accordance with SAB

118,

a company must reflect the income tax effects of those aspects of the Act for which the accounting under ASC

740

is complete. To the extent that a company’s accounting for certain income tax effects of the Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in the financial statements.

i). d. As of

December 31, 2017,

the Company has conducted a preliminary assessment of its income tax

effects of the Act, based on which, the Company concluded that

incremental income tax expense of the

one

-time mandatory tax on its previously deferred foreign earnings would be charged for the year ended

December 31, 2017,

as the Company had sufficient U.S. net operating losses carryforwards and foreign tax credits available to offset the resulting incremental taxable income related to the deferred foreign earnings. Based upon the preliminary assessment of its

one

-time transition income tax effects of the Act and other information currently available, the Company remeasured its U.S. deferred tax assets accordingly. However, the Company did

not

have sufficient information currently to perform a comprehensive analysis on the historical operating results of each of its PRC subsidiaries to complete its assessment of the U.S. deferred tax assets that would have been utilized and or are expected to be utilizable under the Act. In summary, the Company has

not

completed its accounting for the tax effects of enactment of the Act and is still analyzing certain aspects of the Act and is refining its calculations, which could potentially affect the measurement of the balances or potentially give rise to new deferred tax amounts. The estimates

may

be impacted by the need for further analysis and future clarification and guidance regarding available tax accounting methods and elections, earnings and profits computations, and state tax conformity to federal tax changes. In addition, further regulatory guidance related to the Act is expected to be issued in

2018

which

may

result in changes to the Company’s estimates. Additional analysis of the law and the impact to the Company will be performed and any impact will be finalized

later than the

fourth

quarter of

2018

ii). China Net BVI was incorporated in the British Virgin Islands (“BVI”). Under the current law of the BVI, China Net BVI is

not

subject to tax on income or capital gains. Additionally, upon payments of dividends by China Net BVI to its shareholders,

BVI withholding tax will be imposed.

iii). China Net HK was incorporated in Hong Kong and does

not

conduct any substantial operations of its own.

provision for Hong Kong profits tax has been made in the financial statements as China Net HK has

assessable profits for the year ended

December 31, 2017

or any prior periods. Additionally, upon payments of dividends by China Net HK to its shareholders,

Hong Kong withholding tax will be imposed.

iv). The Company’s PRC operating subsidiaries and VIEs, being incorporated in the PRC, are governed by the income tax law of the PRC and is subject to PRC enterprise income tax (“EIT”). The EIT rate of PRC is

25%,

which applies to both domestic and foreign invested enterprises.

	•	In November 2015, Business Opportunity Online was re-approved by the related PRC governmental authorities as a High and New Technology Enterprise, which enabled the entity, as approved by the local tax authorities of Beijing, the PRC, to continue enjoying the preferential income tax rate of 15% until November 2018. Therefore, for the years ended December 31, 2017 and 2016, the applicable income tax rate of Business Opportunity Online was 15%.

	•	The applicable income tax rate for other PRC operating entities of the Company is 25% for the years ended December 31, 2017 and 2016.

•

The current EIT law also imposed a

10%

withholding income tax for dividends distributed by a foreign invested enterprise to its immediate holding company outside China. A lower withholding tax rate will be applied if there is a tax treaty arrangement between mainland China and the jurisdiction of the foreign holding company. Holding companies in Hong Kong, for example, will be subject to a

withholding tax rate.

For the years ended

December 31, 2017

and

2016,

the preferential income tax treatment enjoyed by the Company’s PRC VIE, Business Opportunity Online was based on the current applicable laws and regulations of the PRC and approved by the related government regulatory authorities and local tax authorities where Business Opportunity Online operates in. The preferential income tax treatment is subject to change in accordance with the PRC government economic development policies and regulations. The preferential income tax treatment is primarily determined by the regulation and policies of the PRC government in the context of the overall economic policy and strategy. As a result, the uncertainty of the preferential income tax treatment is subject to, but

not

limited to, the PRC government policy on supporting any specific industry’s development under the outlook and strategy of overall macroeconomic development.

)

Turnover taxes and the relevant surcharges

Service revenues provided by the Company’s PRC operating subsidiaries and VIEs were subject to Value Added Tax (“VAT”). VAT rate for provision of modern services (other than lease of corporeal movables) is

and for small scale taxpayer,

3%.

Therefore, for the years ended

December 31, 2017

and

2016,

the Company’s service revenues are subject to VAT at a rate of

6%,

after deducting the VAT paid for the services purchased from suppliers, or at a rate of

without any deduction of VAT paid for the services purchased from suppliers. The surcharges of the VAT is

12%

14%

of the VAT, depending on which tax jurisdiction the Company’s PRC operating subsidiaries and VIE operate in.

As of

December 31, 2017,

and

2016,

taxes payable consists of:

	As of December 31,
	2017		2016
	US$(’000)		US$(’000)

PRC turnover tax and surcharge payable		1,295		1,147
PRC enterprise income tax payable		1,873		1,763
Taxes payable		3,168		2,910

A reconciliation of the income tax benefit determined at the U.S. federal corporate income tax rate to the Company’s effective income tax expense is as follows:

	Year Ended December 31,
	2017			2016
	US$(’000)			US$(’000)

Pre-tax loss		(9,760	)		(6,183	)
U.S. federal rate		35	%		35	%
Income tax benefit computed at U.S. federal rate		3,416			2,164
Reconciling items:
Rate differential for PRC earnings		(724	)		(354	)
Preferential tax treatments and tax holiday effects		(238	)		(158	)
Tax effect on toll charge income from the Act		(492	)		-
Tax effect on enactment of new tax rate		(1,859	)		-
Tax effect on change of net operating loss treatment		-			(924	)
Valuation allowance on deferred tax assets		(434	)		(743	)
Others		80			(87	)
Effective income tax expense		(251	)		(102	)

For the years ended

December 31, 2017

and

2016,

the Company’s income tax expense consisted of:

	Year Ended December 31,
	2017			2016
	US$(’000)			US$(’000)

Current-PRC		(1	)		-
Deferred-PRC		(250	)		(102	)
Income tax expense		(251	)		(102	)

The Company’s deferred tax assets at

December 31, 2017

and

December 31, 2016

were as follows:

	As of December 31,
	2017			2016
	US$(’000)			US$(’000)

Net operating loss carryforward		7,657			7,461
Bad debts provision		879			931
Valuation allowance		(7,178	)		(6,870	)
Total net deferred tax assets		1,358			1,522

The U.S. holding company has incurred aggregate net operating losses of approximately

US$13,275,660

December 31, 2017.

The losses carry forwards gradually expire over time, the last of which expires in

2037.

The Company maintains a full valuation allowance against its net U.S. deferred tax assets, since due to uncertainties surrounding future utilization, the Company estimates there will

not

be sufficient future earnings to utilize its deferred tax assets. The Company’s net U.S. deferred tax assets have been remeasured using the new statutory rate of

21%.

The Company’s preliminary assessment of the Act resulted in a reduction of approximately

US$1,859,000

of deferred tax assets, which is fully offset by a decrease in valuation allowance; therefore, there is

effective tax rate impact to the Company.

In accordance with the Company’s preliminary assessment of its

one

-time transition income tax effects of the Act, the Company determined that it had approximately

US$1,404,340

toll charge income taxable related to its previously deferred foreign earnings.

incremental income tax expense was recorded for the year ended

December 31, 2017,

because the Company had U.S. net operating losses carryforwards available to offset the toll charge income.

The net operating losses carried forward incurred by the Company’s PRC subsidiaries and VIEs were approximately

US$23,959,000

and

US$17,939,000

December 31, 2017

and

2016,

respectively. The losses carry forwards gradually expire over time, the last of which expires in

2022.

The related deferred tax assets were calculated based on the respective net operating losses incurred by each of the PRC subsidiaries and VIEs and the respective corresponding enacted tax rate that will be in effect in the period in which the losses are expected to be utilized.

The Company recorded approximately

US$7,178,000

and

US$6,870,000

valuation allowance as of

December 31, 2017

and

2016,

respectively, because it is considered more likely than

not

that this portion of the deferred tax assets will

not

be realized through sufficient future earnings of the entities to which the operating losses related.

For the years ended

December 31, 2017

and

2016,

total valuation allowance increased by approximately

US$308,000

and

US$527,000,

respectively.

Note 18 - Long-term Borrowing From a Director

12 Months Ended

Dec. 31, 2017

Long-Term Borrowing from Director Disclosure [Text Block]

18.

Long-term borrowing from a director

Long-term borrowing from a director is a non-interest bearing loan from a director of the Company relating to the original paid-in capital contribution in the Company’s wholly-owned subsidiary Rise King WFOE, which is

not

expected to be repaid within

one

year.

Note 19 - Restricted Net Assets

12 Months Ended

Dec. 31, 2017

Restricted Assets Disclosure [Text Block]

19.	Restricted Net Assets

As most of the Company’s operations are conducted through its PRC subsidiaries and VIEs, the Company’s ability to pay dividends is primarily dependent on receiving distributions of funds from its PRC subsidiaries and VIEs. Relevant PRC statutory laws and regulations permit payments of dividends by its PRC subsidiaries and VIEs only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations and after it has met the PRC requirements for appropriation to statutory reserves. Paid in capital of the PRC subsidiaries and VIEs included in the Company’s consolidated net assets are also non-distributable for dividend purposes.

In accordance with the PRC regulations on Enterprises with Foreign Investment, a WFOE established in the PRC is required to provide certain statutory reserves, namely general reserve fund, the enterprise expansion fund and staff welfare and bonus fund which are appropriated from net profit as reported in the enterprise’s PRC statutory accounts. A WFOE is required to allocate at least

10%

of its annual after-tax profit to the general reserve until such reserve has reached

50%

of its registered capital based on the enterprise’s PRC statutory accounts. Appropriations to the enterprise expansion fund and staff welfare and bonus fund are at the discretion of the board of directors. The aforementioned reserves can only be used for specific purposes and are

not

distributable as cash dividends. Rise King WFOE is subject to the above mandated restrictions on distributable profits. Additionally, in accordance with the Company Law of the PRC, a domestic enterprise is required to provide a statutory common reserve of at least

10%

of its annual after-tax profit until such reserve has reached

50%

of its registered capital based on the enterprise’s PRC statutory accounts. A domestic enterprise is also required to provide for a discretionary surplus reserve, at the discretion of the board of directors. The aforementioned reserves can only be used for specific purposes and are

not

distributable as cash dividends. All of the Company’s PRC VIEs are subject to the above mandated restrictions on distributable profits.

As a result of these PRC laws and regulations, the Company’s PRC subsidiaries and VIEs are restricted in their ability to transfer a portion of their net assets to the Company. As of

December 31, 2017

and

2016,

net assets restricted in the aggregate, which include paid-in capital and statutory reserve funds of the Company’s PRC subsidiaries and VIEs that are included in the Company’s consolidated net assets, was approximately

US$8.2

million and

US$7.8

million, respectively.

The current PRC Enterprise Income Tax (“EIT”) Law also imposed a

10%

withholding tax rate.

The ability of the Company’s PRC subsidiaries and VIEs to make dividends and other payments to the Company

may

also be restricted by changes in applicable foreign exchange and other laws and regulations.

Foreign currency exchange regulation in China is primarily governed by the following rules:

•

Foreign Exchange Administration Rules (

1996

), as amended in

August 2008,

or the Exchange Rules;

•

Administration Rules of the Settlement, Sale and Payment of Foreign Exchange (

1996

), or the Administration Rules.

Currently, under the Administration Rules, Renminbi is freely convertible for current account items, including the distribution of dividends, interest payments, trade and service related foreign exchange transactions, but

not

for capital account items, such as direct investments, loans, repatriation of investments and investments in securities outside of China, unless the prior approval of the State Administration of Foreign Exchange (the “SAFE”) is obtained and prior registration with the SAFE is made. Foreign-invested enterprises like Rise King WFOE that need foreign exchange for the distribution of profits to its shareholders

may

effect payment from their foreign exchange accounts or purchase and pay foreign exchange rates at the designated foreign exchange banks to their foreign shareholders by producing board resolutions for such profit distribution. Based on their needs, foreign-invested enterprises are permitted to open foreign exchange settlement accounts for current account receipts and payments of foreign exchange along with specialized accounts for capital account receipts and payments of foreign exchange at certain designated foreign exchange banks.

Although the current Exchange Rules allow the convertibility of Chinese Renminbi into foreign currency for current account items, conversion of Chinese Renminbi into foreign exchange for capital items, such as foreign direct investment, loans or securities, requires the approval of SAFE, which is under the authority of the People’s Bank of China. These approvals, however, do

not

guarantee the availability of foreign currency conversion. The Company cannot be sure that it will be able to obtain all required conversion approvals for its operations or the Chinese regulatory authorities will

not

impose greater restrictions on the convertibility of Chinese Renminbi in the future. Currently, most of the Company’s retained earnings are generated in Renminbi. Any future restrictions on currency exchanges

may

limit the Company’s ability to use its retained earnings generated in Renminbi to make dividends or other payments in U.S. dollars or fund possible business activities outside China.

As of

December 31, 2017

and

2016,

there was approximately

US$10.6

million and

US$17.6

million retained earnings in the aggregate, respectively, which was generated by the Company’s PRC subsidiaries and VIEs in Renminbi included in the Company’s consolidated net assets, aside from

US$2.7

million and

US$2.5

million statutory reserve funds as of

December 31, 2017

and

2016,

respectively, that

may

be affected by increased restrictions on currency exchanges in the future and accordingly

may

further limit the Company’s PRC subsidiaries’ and VIEs’ ability to make dividends or other payments in U.S. dollars to the Company, in addition to the approximately

US$8.2

million and

US$7.8

million restricted net assets as of

December 31, 2017

and

2016,

respectively, as discussed above.

Note 20 - Related Party Transactions

12 Months Ended

Dec. 31, 2017

20.

Related party transactions

Revenue from related parties:

	Year Ended December 31,
	2017			2016
	US$(’000)			US$(’000)

-Beijing Saturday Education Technology Co., Ltd.		6			240
-Chuangshi Meiwei (Beijing) International Investment Management Co., Ltd.		17			170
-ChinaNet Chuang Tou (Shenzhen) Co., Ltd.		13			-
-Beijing Saimeiwei Food Equipment Technology Co., Ltd,		-			36
-Guohua Shiji (Beijing) Communication Co., Ltd.		(1	)		4
		35			450

Related parties of the Company represented the Company’s direct or indirect unconsolidated investee companies. The Company provides advertising, marketing and data services to these related parties in its normal course of business on the same terms as those provided to its unrelated clients.

Note 21 - Employee Defined Contribution Plan

12 Months Ended

Dec. 31, 2017

Pension and Other Postretirement Benefits Disclosure [Text Block]

21.	Employee defined contribution plan

Full time employees of the Company in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, employee housing fund and other welfare benefits are provided to employees. Chinese labor regulations require that the PRC subsidiaries of the Company make contributions to the government for these benefits based on certain percentages of the employees’ salaries. The employee benefits were expensed as incurred. The Company has

legal obligation for the benefits beyond the contributions made. The total amounts for such employee benefits were approximately

US$405,000

and

US$595,000

for the years ended

December 31, 2017

and

2016,

respectively.

Note 22 - Concentration of Risk

12 Months Ended

Dec. 31, 2017

Concentration Risk Disclosure [Text Block]

22.	Concentration of risk

Credit risk

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, term deposit, accounts receivable and other receivables. As of

December 31, 2017

and

2016,

substantially all of the Company’s cash and cash equivalents and term deposit were held by major financial institutions located in Mainland China, which management believes are of high credit quality. For accounts receivables and other receivables, the Company extends credit based on an evaluation of the customer’s or other

third

parties’ financial condition, generally without requiring collateral or other security. In order to minimize the credit risk, the Company delegated a team responsible for credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover overdue debts. Further, the Company reviews the recoverable amount of each individual debt at each balance sheet date to ensure that adequate allowances are made for doubtful accounts. In this regard, the Company considers that the Company’s credit risk for accounts receivables and other receivables is significantly reduced.

Risk arising from operations in foreign countries

All of the Company’s operations are conducted within the PRC. The Company’s operations in the PRC are subject to various political, economic, and other risks and uncertainties inherent in the PRC. Among other risks, the Company’s operations in the PRC are subject to the risks of restrictions on transfer of funds, changing taxation policies, foreign exchange restrictions; and political conditions and governmental regulations.

Currency convertibility risk

Significant part of the Company’s businesses is transacted in RMB, which is

not

freely convertible into foreign currencies. All foreign exchange transactions take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other regulatory institutions requires submitting a payment application form together with suppliers’ invoices and signed contracts. These exchange control measures imposed by the PRC government authorities

may

restrict the ability of the Company’s PRC subsidiaries and VIEs to transfer its net assets, which to the Company through loans, advances or cash dividends.

Concentration of customers

For the year ended

December 31, 2017,

three

customers individually accounted for

12%,

12%

and

10%

of the Company’s revenues, respectively. Except for the aforementioned customers, there was

other single customer who accounted for more than

10%

of the Company’s revenues for the years ended

December 31, 2017

2016.

As of

December 31, 2017,

four

customers individually accounted for

22%,

14%,

14%

and

11%

of the Company’s accounts receivable, respectively. As of

December 31, 2016,

two

customers individually accounted for

22%

and

14%

of the Company’s accounts receivable, respectively. Except for the aforementioned, there was

other single customer who accounted for more than

10%

of the Company’s accounts receivable as of

December 31, 2017

2016.

Concentration of suppliers

For the year ended

December 31, 2017,

two

suppliers accounted for

64%

and

26%

of the Company’s cost of revenues, respectively. For the year ended

December 31, 2016,

the same

two

suppliers accounted for both

39%

of the Company’s cost of revenues, respectively. Except for the afore-mentioned, there was

other single supplier who accounted for more than

10%

of the Company’s cost of revenues for the years ended

December 31, 2017

2016.

Note 23 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Text Block]

23.

Commitments and contingencies

The following table sets forth the Company’s operating lease commitment as of

December 31, 2017:

	Office Rental
	US$(’000)
Year ending December 31,
-2018		349
-2019		86
Total		435

For the years ended

December 31, 2017

and

2016,

rental expenses under operating leases were approximately

US$409,000

and

US$580,000,

respectively.

Note 24 - Discontinued Operation

12 Months Ended

Dec. 31, 2017

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

24.	Discontinued operation

In the

fourth

quarter of

2015,

the Company exited its brand management and sales channel building business segment, operated by

one

of its VIEs, Quanzhou City Zhilang Network Technology Co., Ltd. (“Quanzhou Zhi Lang”), which qualified for presentation as a discontinued operation. In

June 2016,

the Company disposed Quanzhou Zhi Lang to an unaffiliated

third

-party. For the year ended

December 31, 2016,

total net loss of the discontinued operation, including loss on disposal was approximately

US$0.06

million.

Note 25 - Segment Reporting

12 Months Ended

Dec. 31, 2017

Segment Reporting Disclosure [Text Block]

25.

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.

For the year ended

December 31, 2017

	Internet Ad. and data service			TV & Bank kiosks Ad.			Others			Inter- segment and reconciling item			Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)

Revenues		46,291			342			-			-			46,633
Cost of revenues		41,747			273			-			-			42,020
Total operating expenses		9,758			90			4,207	(1)		-			14,055
Impairment on intangible assets included in total operating expenses		2,552			-			-			-			2,552
Impairment on long-term investments included in total operating expenses		28			16			-			-			44
Depreciation and amortization expense included in total operating expenses		1,333			1			88			-			1,422
Operating loss		(5,214	)		(21	)		(4,207	)		-			(9,442	)

Expenditure for long-term assets		1			1			2			-			4

Net loss from continuing operations		(5,752	)		(21	)		(4,238	)		-			(10,011	)

Total assets – December 31, 2017		28,524			402			11,013			(11,379	)		28,560

(

)

Including approximately

US$2,271,000

share-based compensation expenses.

For the year ended

December 31, 2016

	Internet Ad. and data service			TV & Bank kiosks Ad.			Others			Inter- segment and reconciling item			Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)

Revenues		34,750			-			-			-			34,750
Cost of revenues		26,999			-			-			-			26,999
Total operating expenses		8,777			468			4,654	(1)		-			13,899
Impairment on long-term investments included in total operating expenses		-			-			159			-			159
Depreciation and amortization expense included in total operating expenses		1,470			2			100			-			1,572
Operating loss		(1,026	)		(468	)		(4,654	)		-			(6,148	)

Expenditure for long-term assets		2,003			-			114			-			2,117

Net loss from continuing operations		(1,154	)		(468	)		(4,663	)		-			(6,285	)

Total assets – December 31, 2016		29,520			348			11,882			(11,708	)		30,042

(

)

Including approximately

US$2,309,000

share-based compensation expenses.

Note 26 - Loss Per Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Text Block]

26.	Loss per share

Basic and diluted loss per share for each of the periods presented is calculated as follows (All amounts, except number of shares and per share data, are presented in thousands of U.S. dollars):

	Year Ended December 31,
	2017			2016
	US$(’000)			US$(’000)

Net loss attributable to ChinaNet Online Holdings, Inc. from continuing operations (numerator for basic and diluted loss per share from continuing operations)	$	(10,125	)	$	(6,433	)

Net loss attributable to ChinaNet Online Holdings, Inc. from discontinued operation (numerator for basic and diluted loss per share from discontinued operation)		-			(59	)

Weighted average number of common shares outstanding – Basic and diluted		12,116,783			11,357,907

Loss per share -Basic and diluted from continuing operations	$	(0.84	)	$	(0.57	)
Loss per share -Basic and diluted from discontinued operation	$	-		$	(0.01	)

For the year ended

December 31, 2017,

the diluted loss per share calculation did

not

include options to purchase up to

835,216

shares of the Company’s common stock, because they were out of the money, and did

not

include

266,238

shares of unvested restricted common stock, because their effect was anti-dilutive, as the Company incurred a loss for the year.

For the year ended

December 31, 2016,

the diluted loss per share calculation for continuing and discontinued operations did

not

include options to purchase up to

835,216

shares of the Company’s common stock, because they were out of the money, and did

not

include a weighted average number of

796,657

shares of unvested restricted common stock, because their effect was anti-dilutive, as the Company incurred a loss for the year from both continuing and discontinued operations.

Note 27 - Share-based Compensation Expenses

12 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

27.

Share-based compensation expenses

The Company granted

75,000

and

20,000

shares of the Company’s restricted common stock to its investor relations services provider, in exchange for its services to the Company for the years ended

December 31, 2017

and

2016,

respectively. These shares were valued at

US$1.09

and

US$3.00

per share, the closing bid price of the Company’s common stock on the earlier of the performance commitment date or the date service was completed, respectively. Total compensation expense recognized for the service was approximately

US$82,000

and

US$60,000

for the years ended

December 31, 2017

and

2016,

respectively.

February 2017,

the Company granted

20,000

shares of the Company’s restricted common stock to

one

of its independent directors in exchange for his services provided to the Company. These shares were valued at

US$1.12

per share, the closing bid price of the Company’s common stock on the date of grant. Total compensation expense recognized for the year ended

December 31, 2017

was approximately

US$22,000.

July 2017,

the Company issued

75,000

shares of the Company’s restricted common stock to

two

management consulting service providers in exchange for its services to the Company for a

-month period commencing on

July 1, 2017.

These shares were valued at

US$1.09

per share, the closing bid price of the Company’s common stock on the earlier of the performance commitment date or the date service was completed. Total compensation expense recognized for the year ended

December 31, 2017

was approximately

US$41,000.

November 2017,

the Company granted

40,000

shares of the Company’s restricted common stock to

one

of its independent directors in exchange for his services provided to the Company. These shares were valued at

US$1.12

per share, the closing bid price of the Company’s common stock on the date of grant. Total compensation expense recognized for the year ended

December 31, 2017

was approximately

US$45,000.

December 2017,

the Company issued

12,000

shares of the Company’s restricted common stock to a financial advisory service provider as compensation for its services provided. These shares were valued at

US$1.09

December 31, 2017

was approximately

US$13,000.

December 2017,

under its

2015

Omnibus Securities and Incentive Plan, the Company granted its management and employees in the aggregate of

1,590,000

shares of the Company’s restricted common stock for their services provided. These shares were valued at

US$1.03

per share, the closing bid price of the Company’s common stock on the date of grant. Total compensation expenses recognized for the year ended

December 31, 2017

was approximately

US$1,638,000.

April 1, 2016,

the Company granted

16,000

shares of the Company’s restricted common stock in aggregate to

two

marketing service providers in exchange for their services to the Company for a

-month period commencing on

April 1, 2016.

These shares were valued at

US$1.73

US$7,000

and

US$21,000

for the years ended

December 31, 2017

and

2016,

respectively.

September 14, 2015,

under its

2015

Omnibus Securities and Incentive Plan, the Company granted its employees in the aggregate of

266,238

shares of the Company’s restricted common stock, which will be vested on the

third

anniversary of the date of the grant. These shares were valued at

US$2.10

per share, the closing bid price of the Company’s common stock on the date of grant. The Company adopted a

forfeiture rate for recognition of the related compensation expenses of these unvested shares. Total compensation expenses recognized for the years ended

December 31, 2017

and

2016

was approximately

US$177,000,

respectively.

September 14, 2015,

under its

2015

Omnibus Securities and Incentive Plan, the Company also granted

-year common stock purchase options to its employees, in the aggregate, to purchase up to

477,240

shares of the Company’s restricted common stock at an exercise price of

US$2.10

per share, of which

159,080

options vested upon the date of grant,

159,080

options vested on

September 14, 2016

and the remaining

159,080

options vested on

September 14, 2017.

These options were valuated at

US$1.03

US$1.39

per option. Total compensation expenses recognized for the years ended

December 31, 2017

and

2016

was approximately

US$155,000

and

US$201,000,

respectively.

The Company granted

140,000

shares of the Company’s restricted common stock to a management consulting service provider in exchange for its services to the Company for a

-month period commencing on

May 1, 2015.

These shares were valued at

US$3.93

December 31, 2017

and

2016

was approximately

US$91,000

and

US$276,000,

respectively.

November 14, 2016,

the Company granted

12,000

shares of the Company’s restricted common stock to a financial advisory service provider as compensation for its services provided, which shares were subsequently issued in

March 2017.

These shares were valued at

US$1.20

December 31, 2016

was approximately

US$14,000.

December 30, 2014,

the Company issued

1,680,000

shares of the Company’s restricted common stock to its executive officers, of which

613,334

restricted shares were vested upon issuance,

533,333

restricted shares were vested on

December 30, 2015

and the remaining

533,333

restricted shares were vested on

December 30, 2016.

The restricted stock was valued at

US$2.93

per share, the closing bid price of the Company’s common stock on the date of grant. Total compensation expenses recognized was

US$1,560,000

for the year ended

December 31, 2016.

Options issued and outstanding at

December 31, 2017

and their movements for the

two

years 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, December 31, 2015		835,216		5.04	$	2.49		517,056		5.24	$	2.73
Granted/Vested		-						159,080		3.70	$	2.10
Forfeited		-						-
Exercised		-						-
Balance, December 31, 2016		835,216		4.04	$	2.49		676,136		4.11	$	2.59
Granted/Vested		-						159,080		2.70	$	2.10
Forfeited		-						-
Exercised		-						-
Balance, December 31, 2017		835,216		3.04	$	2.49		835,216		3.04	$	2.49

The aggregate unrecognized share-based compensation expenses as of

December 31, 2017

and

2016

is approximately

US$154,000

and

US$544,000,

respectively. All unrecognized share-based compensation expenses as of

December 31, 2017

will be recognized for the year ending

December 31, 2018.

Note 28 - Subsequent Event

12 Months Ended

Dec. 31, 2017

Subsequent Events [Text Block]

28.

Subsequent event

The Company has performed an evaluation of subsequent events through the date the financial statements were issued, and has determined that there are

other events that are material to the financial statements except for those has discussed in below paragraphs.

January 17, 2018,

the Company consummated a registered direct offering of

2,150,001

shares of the Company’s common stock to

three

institutional investors at a purchase price of

$5.15

per share. As part of the transaction, the Company also issued to the investors warrants for the purchase of up to

645,000

shares of the Company’s common stock at an exercise price of

$6.60

per share. The warrants have a term of

months from the date of issuance. The Company received gross proceeds of approximately

$11.1

million.

February 28, 2018,

the Company entered into a contract with an unrelated

third

party to development certain blockchain technology based applications. Total amount of the contract was

US$4.5

million, as of the date hereof, the Company had paid

US$2.25

million in accordance with the payment schedule set forth in the contract.

March 5, 2018,

the Company entered into an agreement with the noncontrolling interest holder of Chuang Fu Tian Xi to purchase the remaining

49%

equity interest of Chuang Fu Tian Xi for a total consideration of

RMB15

million (approximately

US$2.3

million), of which

50%

of the total consideration need to be paid in cash and the remaining

50%

of the total consideration will be paid in form of the Company’s common stock. As of the date hereof, the Company has paid the cash part of the consideration,

RMB7.5

million (approximately

US$1.15

million), as a prepayment to the noncontrolling interest holder of Chuang Fu Tian Xi. This transaction is expected to be consummated before

June 2018.

The Company will account for this transaction as an equity transaction with

gain or loss to be recognized in its consolidated statement of operations. The carrying amount of the noncontrolling interest will be adjusted to reflect the change in its ownership interest in the subsidiary, any difference between the fair value of the consideration received or paid and the amount by which the noncontrolling interest is adjusted will be recognized in equity attributable to the parent and reallocated the subsidiary’s accumulated comprehensive income, if any, among the parent and the noncontrolling interest through an adjustment to the parent’s equity.

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of presentation

The consolidated financial statements are prepared and presented in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”).

Consolidation, Policy [Policy Text Block]

Principles of consolidation

51%

not

control other assets of Shanghai Borongdingsi, thus, Shanghai Borongdingsi’s financial statements were

not

consolidated by the Company.

Use of Estimates, Policy [Policy Text Block]

Use of estimates

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign currency translation and transactions

The exchange rates used to translate amounts in RMB into US$ for the purposes of preparing the consolidated financial statements are as follows:

	As of December 31,
	2017		2016

Balance sheet items, except for equity accounts		6.5342		6.9370

	Year Ended December 31,
	2017		2016
Items in the statements of income and comprehensive income, and statements of cash flows		6.7518		6.6423

representation is made that the RMB amounts could have been, or could be converted into US$ at the above rates.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and bank deposits, which are unrestricted as to withdrawal and use. The Company considers all highly liquid investments with original maturities of

three

months or less at the time of purchase to be cash equivalents.

Term Deposits [Policy Text Block]

Term deposits

Term deposits consist of bank deposits with an original maturity of between

three

twelve

months.

Receivables, Policy [Policy Text Block]

Accounts receivable, other receivables, and due from related parties, net

December 31, 2017

and

2016,

the Company charged off approximately

US$1.41

million and US$nil account receivable balances against the allowance, respectively. The Company did

not

have any off-balance-sheet credit exposure relating to its customers, suppliers or others. For the years ended

December 31, 2017

and

2016,

the Company recorded in the aggregate of approximately

US$1.46

million and

US$0.37

million of allowances for doubtful accounts against its accounts receivable, other receivables and due from related parties.

Investment, Policy [Policy Text Block]

Long-term investments

Equity method investments

Investee companies that are

not

consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting in accordance with ASC Topic

323

“Equity Method and Joint Ventures”. Whether or

not

20%

50%

interest in the voting securities of the investee companies. Under the equity method of accounting, an investee company’s accounts are

not

When the Company’s carrying value in an equity method investee company is reduced to zero,

not

record its share of such income until it equals the amount of its share of losses

not

previously recognized.

Cost method investments

Investee companies that are

not

consolidated, and over which the Company does

not

exercise significant influence, are accounted for under the cost method of accounting in accordance with ASC Topic

325

subtopic

20:

“Investments-Other: Cost Method Investments”. The Company generally owns less than

20%

Impairment for long-term investments

The Company assesses its long-term investments for other-than-temporary impairment by considering factors including, but

not

For the years ended

December 31, 2017

and

2016,

the Company recorded approximately

US$0.04

million and

US$0.16

million of impairment loss associated with its long-term investments, respectively.

Property, Plant and Equipment, Policy [Policy Text Block]

Property and equipment, net

Leasehold improvements (years)		3
Vehicles (years)		5
Office equipment (years)	3	-	5
Electronic devices (years)		5

When property and equipment are retired or otherwise disposed of, resulting gain or loss is included in net income or loss in the period of disposition. Maintenance and repairs which do

not

Intangible Assets, Finite-Lived, Policy [Policy Text Block]

Intangible assets, net

Purchased software and software platform is initially recorded at cost and amortized on a straight-line basis over the estimated useful economic life of

years.

Intangible assets other than goodwill acquired through various acquisitions are amortized on a straight-line basis over their expected useful economic lives.

Customer Relationship (years)	5	-	9
Non-Compete Agreement (years)	5	-	6
Software Technologies (years)		5

The Company accounted for website development costs in accordance with ASC Topic

350

50,

350

December 31, 2017

and

2016,

the Company did

not

capitalize any such cost, as the amount was considered immaterial.

Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]

Impairment of long-lived assets

may

not

For the years ended

December 31, 2017

and

2016,

the Company recognized

US$2.55

and US$nil impairment loss associated with its intangible assets. See Note

(n) and Note

for detailed disclosures about the impairment of intangible assets and the related valuation technique(s) and inputs used in the fair value measurement for the Company’s intangible assets.

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

Goodwill

Goodwill is

not

two

not

considered impaired. Second, if there is impairment identified in the

first

805

“Business Combinations.”

In the

fourth

quarter of

2015,

350:

“Intangibles-Goodwill and Others” Subtopic

40,

goodwill associated with that business unit shall be included in the carrying amount of the business to determine the gain or loss on disposal. In accordance with ASC

350

through ASC

350

the Company allocated approximately

US$914,000

fourth

quarter of

2016,

the Company reassesses the status of its disposal group classified as held for sale, basis on which, the Company concluded that its disposal group

360.

As of

December 31, 2017

and

2016,

the Company’s goodwill is attributable to its internet advertising and data service reporting unit. The Company performed the annual test on goodwill impairment for this reporting unit on

December 31, 2017

2016,

respectively. See Note

(n) and Note

for detailed disclosures about the impairment of goodwill and the related valuation technique(s) and inputs used in the fair value measurement for the Company’s goodwill.

For the years ended

December 31, 2017

and

2016,

the Company did

not

record any impairment loss associated with its goodwill.

Noncontrolling Interest [Policy Text Block]

Noncontrolling interest

The Company accounts for noncontrolling interest in accordance with ASC Topic

810

45,

810

also requires that losses attributable to the parent and the noncontrolling interest in a subsidiary be attributed to those interests even if it results in a deficit noncontrolling interest balance.

Fair Value Measurement, Policy [Policy Text Block]

Fair value

ASC Topic

820

three

levels of inputs that

may

be used to measure fair value:

Level

- Quoted prices in active markets for identical assets or liabilities.

Level

- Observable inputs other than Level

prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are

not

active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level

- Unobservable inputs that are supported by little or

market activity and that are significant to the fair value of the assets or liabilities.

Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter.

The Company’s intangible assets and goodwill are measured at fair value on a nonrecurring basis and they are recorded at fair value only when impairment is recognized.

fair value measurements, which utilize significant unobservable internally-developed inputs:

	Valuation technique(s)	Unobservable inputs	Ranges

As of December 31, 2017
Intangible assets	Multi-period Excess Earning/ Replacement Cost	Remaining useful life (years)	3.25	-	8.5
		Discount rate		24%
		Contributory asset charge	15.9%	-	24%

Goodwill	Discounted Cash Flow	Base projection period (years)		5
		Discount rate		20%
		Terminal growth rate		3.5%

As of December 31, 2016
Intangible assets	Multi-period Excess Earning/ Replacement Cost	Remaining useful life (years)	1	-	9.5
		Discount rate		24%
		Contributory asset charge	12.9%	-	24%

Goodwill/ Disposal group	Discounted Cash Flow	Base projection period (years)		5
		Discount rate		20%
		Terminal growth rate		3.5%

premium on WACC in consideration of higher risk associated with intangible assets.

Revenue Recognition, Policy [Policy Text Block]

Revenue recognition

The Company's revenue recognition policies are in compliance with ASC Topic

605

“Revenue Recognition”. In accordance with ASC Topic

605,

revenues are recognized when the

four

not

two

605,

subtopic

45.

not

deemed to be reasonably assured, the Company recognizes revenue upon receipt of cash from clients, only after services have been provided and all other criteria for revenue recognition have been met.

Cost of Sales, Policy [Policy Text Block]

Cost of revenues

Cost of revenues primarily includes the cost of media advertising time, internet advertising related resources and other technical services purchased from

third

parties and other direct cost associated with providing services.

Advertising Costs, Policy [Policy Text Block]

Advertising costs

Advertising costs for the Company’s own brand building are

not

December 31, 2017

and

2016,

advertising expenses for the Company’s own brand building were approximately

US$1,717,000

and

US$2,360,000,

respectively.

Research and Development Expense, Policy [Policy Text Block]

Research and development expenses

December 31, 2017

and

2016

were approximately

US$1,261,000

and

US$1,996,000,

respectively.

Income Tax, Policy [Policy Text Block]

Income taxes

The Company follows the guidance of ASC Topic

740

not

that some portion, or all, of the deferred tax assets will

not

be realized. The effect on deferred taxes of a change in tax rates is recognized in statement of income and comprehensive income in the period that includes the enactment date.

Income Tax Uncertainties, Policy [Policy Text Block]

Uncertain tax positions

The Company follows the guidance of ASC Topic

740

“Income taxes”, which prescribes a more likely than

not

The Company recognizes interest on non-payment of income taxes and penalties associated with tax positions when a tax position does

not

meet more likely than

not

three

years if the underpayment of taxes is due to computational errors made by the taxpayer or the withholding agent. The statute of limitations is extended to

five

years under special circumstances, where the underpayment of taxes is more than

RMB100,000.

In the case of transfer pricing issues, the statute of limitation is

ten

years. There is

statute of limitation in the case of tax evasion. The Company did

not

have any material interest or penalties associated with tax positions for the years ended

December 31, 2017

and

2016

and did

not

have any significant unrecognized uncertain tax positions as of

December 31, 2017

and

2016,

respectively.

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Share-based Compensation

The Company accounted for share-based compensation to employees in accordance with ASC Topic

718

Comprehensive Income, Policy [Policy Text Block]

Comprehensive income

The Company accounts for comprehensive income in accordance with ASC Topic

220

Earnings Per Share, Policy [Policy Text Block]

Earnings (loss) per share

Earnings (loss) per share are calculated in accordance with ASC Topic

260,

Commitments and Contingencies, Policy [Policy Text Block]

)

Commitments and contingencies

The Company has adopted ASC Topic

450

“Contingencies” subtopic

20,

not

probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.

New Accounting Pronouncements, Policy [Policy Text Block]

Recent accounting standards

May 2014,

the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU”)

No.

2014

09,

“Revenue from Contracts with Customers (Topic

606

)” (as further amended or clarified by other related ASUs issued subsequently in

2015,

2016

and

2017

). ASU

No.

2014

clarifies the principles for recognizing revenue and develops a common revenue standard for U.S. GAAP and IFRS. Simultaneously, this ASU supersedes the revenue recognition requirements in ASC Topic

605

five

steps: (

) identify the contract(s) with a customer; (

) identify the performance obligations in the contract; (

) determine the transaction price; (

) allocate the transaction price to the performance obligations in the contract; (

) recognize revenue when (or as) the entity satisfies a performance obligation. For public business entities, certain

not

-for-profit entities, and certain employee benefit plans, the amendments in ASU

No.

2014

and the amendments in other related ASUs that affected the guidance in ASU

2014

should be applied to annual reporting periods beginning after

December 15, 2017,

including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after

December 15, 2016,

including interim reporting periods within that reporting period. The Company has adopted this standard on

January 1, 2018

not

be a material impact to the beginning balance of its retained earnings

February 2016,

the FASB issued ASU

No.

2016

02,

“Leases (Topic

842

months or less, a lessee is permitted to make an accounting policy election by class of underlying asset

not

December 15, 2018,

first

fiscal quarter of

2019

and the comparative period presented. The Company expects

material impact on its results of operations or cash flows in the periods after adoption. The Company expects to complete its assessment of the effect of adopting ASU

No.

2016

by the end of

2018.

March 2016,

the FASB issued ASU

No.

2016

09,

“Compensation—Stock Compensation (Topic

718

December 15, 2016,

and interim periods within those annual periods. The adoption of this standard did

not

have a material impact on the Company’s consolidated financial position or results of operations.

January 2017,

the FASB issued ASU

No.

2017

01,

“Business Combinations (Topic

805

): Clarifying the Definition of a Business”. The amendments in this ASU provide a screen to determine when a set is

not

a business. This screen reduces the number of transactions that need to be further evaluated. If the screen is

not

met, the amendments in this ASU (

) require that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (

two

sets of criteria to consider that depend on whether a set has outputs. Although outputs are

not

606.

Public business entities should apply the amendments in this ASU to annual periods beginning after

December 15, 2017,

including interim periods within those periods. The amendments in this ASU should be applied prospectively on or after the effective date.

disclosures are required at transition. Based on the Company’s evaluation, the Company does

not

expect the adoption of these amendments to have a material impact on its consolidated financial position and results of operations.

January 2017,

the FASB issued ASU

No.

2017

04,

“Intangibles-Goodwill and Others (Topic

350

)-Simplify the Test for Goodwill Impairment”. To simplify the subsequent measurement of goodwill, the amendments in this ASU eliminated Step

from the goodwill impairment test. In computing the implied fair value of goodwill under Step

not

zero

or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step

zero

first

annual period and in the interim period within the

first

December 15, 2019.

Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after

January 1, 2017.

The Company is currently evaluating the impact on its consolidated financial position and results of operations upon adopting these amendments.

February 2018,

the FASB issued ASU

2018

02:

“Income Statement—Reporting Comprehensive Income (Topic

220

not

affected. The amendments in this ASU also require certain disclosures about stranded tax effects. The amendments in this ASU are effective for fiscal years beginning after

December 15, 2018,

Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do

not

require adoption until a future date are

not

expected to have a material impact on the Company’s consolidated financial statements upon adoption.

Note 2 - Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Variable Interest Entities [Table Text Block]

	As of December 31,
	2017		2016
	US$(’000)		US$(’000)
Assets
Current assets:
Cash and cash equivalents	$	2,904	$	2,915
Term deposit		-		3,056
Accounts receivable, net		7,215		3,315
Other receivables, net		2,629		71
Prepayment and deposit to suppliers		4,009		4,710
Due from related parties, net		14		197
Total current assets		16,771		14,264

Long-term investments		-		43
Property and equipment, net		177		286
Intangible assets, net		2,112		5,468
Goodwill		5,277		4,970
Deferred tax assets		975		1,241
Total Assets	$	25,312	$	26,272

Liabilities
Current liabilities:
Short-term bank loan	$	765	$	721
Accounts payable		2,848		83
Advances from customers		3,559		1,388
Accrued payroll and other accruals		159		256
Due to Control Group		11		10
Payable for purchasing of software technology		436		411
Taxes payable		2,711		2,480
Other payables		155		162
Total current liabilities		10,644		5,511

Total Liabilities	$	10,644	$	5,511

Financial Performance of VIEs [Table Text Block]

	Year Ended December 31,
	2017		2016
	US$(’000)		US$(’000)

Revenues	$	46,576	$	34,643
Cost of revenues		42,019		26,916
Total operating expenses (including impairment of intangible assets and long-term investments)		9,897		9,167
Loss from discontinued operations		-		59
Net loss before allocation to noncontrolling interests		5,878		1,627

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

Note 3 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Foreign Currency Exchange Rates [Table Text Block]

	As of December 31,
	2017		2016

Balance sheet items, except for equity accounts		6.5342		6.9370

	Year Ended December 31,
	2017		2016
Items in the statements of income and comprehensive income, and statements of cash flows		6.7518		6.6423

Property, Plant and Equipment, Useful Life [Table Text Block]

Leasehold improvements (years)		3
Vehicles (years)		5
Office equipment (years)	3	-	5
Electronic devices (years)		5

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Customer Relationship (years)	5	-	9
Non-Compete Agreement (years)	5	-	6
Software Technologies (years)		5

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

	Valuation technique(s)	Unobservable inputs	Ranges

As of December 31, 2017
Intangible assets	Multi-period Excess Earning/ Replacement Cost	Remaining useful life (years)	3.25	-	8.5
		Discount rate		24%
		Contributory asset charge	15.9%	-	24%

Goodwill	Discounted Cash Flow	Base projection period (years)		5
		Discount rate		20%
		Terminal growth rate		3.5%

As of December 31, 2016
Intangible assets	Multi-period Excess Earning/ Replacement Cost	Remaining useful life (years)	1	-	9.5
		Discount rate		24%
		Contributory asset charge	12.9%	-	24%

Goodwill/ Disposal group	Discounted Cash Flow	Base projection period (years)		5
		Discount rate		20%
		Terminal growth rate		3.5%

Note 5 - Accounts Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Accounts Receivable [Table Text Block]

	As of December 31,
	2017			2016
	US$(’000)			US$(’000)

Accounts receivable		10,008			6,034
Allowance for doubtful debts		(2,793	)		(2,712	)
Accounts receivable, net		7,215			3,322

Note 7 - Prepayments and Deposit to Suppliers (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Prepayments and Deposit to Suppliers [Table Text Block]

	As of December 31,
	2017		2016
	US$(’000)		US$(’000)

Deposits to TV and internet resources providers		1,870		1,074
Prepayments to TV and internet resources providers		1,331		2,874
Deposits to other service providers		765		721
Other deposits and prepayments		107		91
		4,073		4,760

Note 8 - Due From Related Parties, Net (Tables)

12 Months Ended

Dec. 31, 2017

Due From Related Parties [Member]

	As of December 31,
	2017			2016
	US$(’000)			US$(’000)

Beijing Saimeiwei Food Equipment Technology Co., Ltd.		33			31
Chuangshi Meiwei (Beijing) International Investment Management Co., Ltd.		156			150
Guohua Shiji (Beijing) Communication Co., Ltd.		184			175
ChinaNet Chuang Tou (Shenzhen) Co., Ltd.		14			-
Beijing Saturday Education Technology Co., Ltd.		-			1
		387			357
Allowance for doubtful debts		(373	)		(144	)
Due from related parties, net		14			213

Note 9 - Long-term Investments (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Investment In and Advance to Equity Investment Affiliates [Table Text Block]

	As of December 31,
	2017			2016
	US$(’000)			US$(’000)
Equity method investments:
Investment in equity method investees		753			709
Advance to equity method investees		80			75
Impairment on equity method investments		(833	)		(784	)
Total equity method investments		-			-
Cost method investments:
Investment in cost method investees		1,125			1,492
Impairment on cost method investments		(207	)		(152	)
Total cost method investments		918			1,340
Total long-term investments		918			1,340

Schedule of Cost Method Investments [Table Text Block]

	ChinaNet Korea			Beijing Saturday			Chuangshi Meiwei			Guohua Shiji			ChinaNet Chuang Tou			Total
	US$(’000)			US$(’000)			US$(’000)			US$(’000)			US$(’000)			US$(’000)

Balance as of December 31, 2015		-			17			154			3			939			1,113
Investment during the year		8			-			-			25			418			451
Impairment on cost method investments		(8	)		-			(144	)		-			-			(152	)
Exchange translation adjustment		-			(1	)		(10	)		(1	)		(60	)		(72	)
Balance as of December 31, 2016		-			16			-			27			1,297			1,340
Withdraw of cash investment		-			-			-			-			(459	)		(459	)
Impairment on cost method investments		-			(17	)		-			(29	)		-			(46	)
Exchange translation adjustment		-			1			-			2			80			83
Balance as of December 31, 2017		-			-			-			-			918			918

Note 10 - Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Property and Equipment [Table Text Block]

	As of December 31,
	2017			2016
	US$(’000)			US$(’000)

Leasehold improvement		337			317
Vehicles		810			763
Office equipment		1,410			1,371
Electronic devices		1,164			1,096
Property and equipment, cost		3,721			3,547
Less: accumulated depreciation		(3,258	)		(2,922	)
Less: impairment loss on abandoned fixed assets		(164	)		(154	)
Property and equipment, net		299			471

Note 11 - Intangible Assets, Net (Tables)	12 Months Ended
Note 11 - Intangible Assets, Net (Tables)	Dec. 31, 2017
Notes Tables
Schedule of Finite and Indefinite-Lived Intangible Assets [Table Text Block]	<div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; min-; min-width: 700px;"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: center"> </td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" nowrap="nowrap" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31,</td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: center"> </td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2017</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2016</td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: center"> </td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center">US$(’000)</td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center">US$(’000)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt">Intangible assets not subject to amortization:</td> <td style="font-size: 10pt"> </td> <td colspan="3" style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt"> </td> <td colspan="3" style="font-size: 10pt; text-align: right"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 70%; font-size: 10pt; text-align: left; text-indent: 10pt">Domain name</td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 12%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,478</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 12%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,393</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left">Intangible assets subject to amortization:</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; text-indent: 10pt">Customer relationship</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,038</div></td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,920</div></td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; text-indent: 10pt">Non-compete agreements</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,122</div></td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,057</div></td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; text-indent: 10pt">Software technologies</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">314</div></td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">295</div></td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; text-indent: 10pt">Cloud compute software technology</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,420</div></td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,338</div></td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; text-indent: 10pt">Internet safety, information exchange security and data encryption software</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,990</div></td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,874</div></td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; text-indent: 10pt">Intelligent marketing data service platform</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,942</div></td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,655</div></td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; text-indent: 10pt">Cloud video management system</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,454</div></td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,369</div></td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; text-indent: 10pt">Other computer software</td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">120</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">113</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; font-weight: bold; text-align: left">Intangible assets, cost</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,878</div></td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,014</div></td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left">Less: accumulated amortization</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(6,443</div></td> <td style="font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(4,875</div></td> <td style="font-size: 10pt; text-align: left">)</td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; padding-bottom: 1pt">Less: accumulated impairment losses</td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(4,627</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,875</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 2.25pt">Intangible assets, net</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 2.25pt"> </td> <td style="border-bottom: Black 2.25pt double; font-size: 10pt; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.25pt double; font-size: 10pt; font-weight: bold; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,808</div></td> <td style="border-bottom: Black 2.25pt double; font-size: 10pt; font-weight: bold; text-align: left"> </td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 2.25pt"> </td> <td style="border-bottom: Black 2.25pt double; font-size: 10pt; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.25pt double; font-size: 10pt; font-weight: bold; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">7,264</div></td> <td style="border-bottom: Black 2.25pt double; font-size: 10pt; font-weight: bold; text-align: left"> </td> </tr> </table></div>

Note 12 - Goodwill (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Goodwill [Table Text Block]

	Amount
	US$(’000)

Balance as of December 31, 2015		4,396
Goodwill adjustment due to reclassify disposal group to held and used		914
Exchange translation adjustment		(340	)
Balance as of December 31, 2016		4,970
Exchange translation adjustment		307
Balance as of December 31, 2017		5,277

Note 14 - Accrued Payroll and Other Accruals (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Accrued Liabilities [Table Text Block]

	As of December 31,
	2017		2016
	US$(’000)		US$(’000)

Accrued payroll and staff welfare		203		319
Accrued operating expenses		356		366
		559		685

Note 17 - Taxation (Tables)

12 Months Ended

Dec. 31, 2017

Schedule Of Taxes Payable [Table Text Block]

	As of December 31,
	2017		2016
	US$(’000)		US$(’000)

PRC turnover tax and surcharge payable		1,295		1,147
PRC enterprise income tax payable		1,873		1,763
Taxes payable		3,168		2,910

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year Ended December 31,
	2017			2016
	US$(’000)			US$(’000)

Pre-tax loss		(9,760	)		(6,183	)
U.S. federal rate		35	%		35	%
Income tax benefit computed at U.S. federal rate		3,416			2,164
Reconciling items:
Rate differential for PRC earnings		(724	)		(354	)
Preferential tax treatments and tax holiday effects		(238	)		(158	)
Tax effect on toll charge income from the Act		(492	)		-
Tax effect on enactment of new tax rate		(1,859	)		-
Tax effect on change of net operating loss treatment		-			(924	)
Valuation allowance on deferred tax assets		(434	)		(743	)
Others		80			(87	)
Effective income tax expense		(251	)		(102	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year Ended December 31,
	2017			2016
	US$(’000)			US$(’000)

Current-PRC		(1	)		-
Deferred-PRC		(250	)		(102	)
Income tax expense		(251	)		(102	)

Schedule Of Deferred Tax Assets [Table Text Block]

	As of December 31,
	2017			2016
	US$(’000)			US$(’000)

Net operating loss carryforward		7,657			7,461
Bad debts provision		879			931
Valuation allowance		(7,178	)		(6,870	)
Total net deferred tax assets		1,358			1,522

Note 20 - Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2017

Revenue from Related Parties [Member]

	Year Ended December 31,
	2017			2016
	US$(’000)			US$(’000)

-Beijing Saturday Education Technology Co., Ltd.		6			240
-Chuangshi Meiwei (Beijing) International Investment Management Co., Ltd.		17			170
-ChinaNet Chuang Tou (Shenzhen) Co., Ltd.		13			-
-Beijing Saimeiwei Food Equipment Technology Co., Ltd,		-			36
-Guohua Shiji (Beijing) Communication Co., Ltd.		(1	)		4
		35			450

Note 23 - Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

	Office Rental
	US$(’000)
Year ending December 31,
-2018		349
-2019		86
Total		435

Note 25 - Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Internet Ad. and data service			TV & Bank kiosks Ad.			Others			Inter- segment and reconciling item			Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)

Revenues		46,291			342			-			-			46,633
Cost of revenues		41,747			273			-			-			42,020
Total operating expenses		9,758			90			4,207	(1)		-			14,055
Impairment on intangible assets included in total operating expenses		2,552			-			-			-			2,552
Impairment on long-term investments included in total operating expenses		28			16			-			-			44
Depreciation and amortization expense included in total operating expenses		1,333			1			88			-			1,422
Operating loss		(5,214	)		(21	)		(4,207	)		-			(9,442	)

Expenditure for long-term assets		1			1			2			-			4

Net loss from continuing operations		(5,752	)		(21	)		(4,238	)		-			(10,011	)

Total assets – December 31, 2017		28,524			402			11,013			(11,379	)		28,560

	Internet Ad. and data service			TV & Bank kiosks Ad.			Others			Inter- segment and reconciling item			Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)

Revenues		34,750			-			-			-			34,750
Cost of revenues		26,999			-			-			-			26,999
Total operating expenses		8,777			468			4,654	(1)		-			13,899
Impairment on long-term investments included in total operating expenses		-			-			159			-			159
Depreciation and amortization expense included in total operating expenses		1,470			2			100			-			1,572
Operating loss		(1,026	)		(468	)		(4,654	)		-			(6,148	)

Expenditure for long-term assets		2,003			-			114			-			2,117

Net loss from continuing operations		(1,154	)		(468	)		(4,663	)		-			(6,285	)

Total assets – December 31, 2016		29,520			348			11,882			(11,708	)		30,042

Note 26 - Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Year Ended December 31,
	2017			2016
	US$(’000)			US$(’000)

Net loss attributable to ChinaNet Online Holdings, Inc. from continuing operations (numerator for basic and diluted loss per share from continuing operations)	$	(10,125	)	$	(6,433	)

Net loss attributable to ChinaNet Online Holdings, Inc. from discontinued operation (numerator for basic and diluted loss per share from discontinued operation)		-			(59	)

Weighted average number of common shares outstanding – Basic and diluted		12,116,783			11,357,907

Loss per share -Basic and diluted from continuing operations	$	(0.84	)	$	(0.57	)
Loss per share -Basic and diluted from discontinued operation	$	-		$	(0.01	)

Note 27 - Share-based Compensation Expenses (Tables)

12 Months Ended

Dec. 31, 2017

Share-based Compensation, Stock Options, Activity [Table Text Block]

	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, December 31, 2015		835,216		5.04	$	2.49		517,056		5.24	$	2.73
Granted/Vested		-						159,080		3.70	$	2.10
Forfeited		-						-
Exercised		-						-
Balance, December 31, 2016		835,216		4.04	$	2.49		676,136		4.11	$	2.59
Granted/Vested		-						159,080		2.70	$	2.10
Forfeited		-						-
Exercised		-						-
Balance, December 31, 2017		835,216		3.04	$	2.49		835,216		3.04	$	2.49

Note 1 - Organization and Nature of Operations (Details Textual)		12 Months Ended
	Aug. 19, 2016 shares	Dec. 31, 2017 shares	Dec. 31, 2016 shares	Aug. 18, 2016 shares
Wholly-owned Investment Holding Companies Incorporated		2
Common Stock, Shares, Issued	12,158,542	13,982,542	12,158,542	30,395,722
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	2.5
Shanghai Borongdingsi [Member] \| Beijing CNET Online [Member]
Consolidated Subsidiary Ownership Percentage		51.00%
Chuangshi Meiwei [Member] \| Beijing CNET Online [Member]
Consolidated Subsidiary Ownership Percentage		10.00%
Beijing Saturday [Member] \| Beijing CNET Online [Member]
Consolidated Subsidiary Ownership Percentage		10.00%
Beijing Chuang Fu Tian Xia [Member] \| Beijing CNET Online [Member]
Consolidated Subsidiary Ownership Percentage		51.00%
Guohua Shiji [Member] \| Beijing CNET Online [Member]
Consolidated Subsidiary Ownership Percentage		19.00%
Shenzhen Mingshan [Member]
Equity Method Investment, Ownership Percentage		23.18%	23.18%
Shenzhen Mingshan [Member] \| Beijing CNET Online [Member]
Equity Method Investment, Ownership Percentage		23.18%
Zhao Shang Ke Hubei [Member]
Equity Method Investment, Ownership Percentage		25.50%	25.50%
Zhao Shang Ke Hubei [Member] \| Beijing CNET Online [Member]
Equity Method Investment, Ownership Percentage		25.50%
ChinaNet Korea [Member] \| ChinaNet Investment BVI [Member]
Equity Method Investment, Ownership Percentage		15.00%
Number Of Unaffiliated Investors in Business Entity		4
ChinaNet Chuang Tou [Member] \| ChinaNet Online PRC [Member]
Equity Method Investment, Ownership Percentage		19.00%
Number Of Unaffiliated Investors in Business Entity		2
PRC Operating Entities Business Operations, VIE [Member]
Income Earned, Percentage		100.00%

Note 2 - Variable Interest Entities (Details Textual) - PRC Operating Entities Business Operations, VIE [Member] - Rise King WFOE [Member]	12 Months Ended
	Dec. 31, 2017 CNY (¥)
Exclusive Business Cooperation Agreements, Service Fee Percentage of Net Income of Operating Entity	10000.00%
Exclusive Business Cooperation Agreements, Expiration Period	10 years
Exclusive Option Agreements, Option to Purchase Equity Interests, Price Per Equity Interest in Any Operating Entity	¥ 10
Exclusive Option Agreements, Expiration Period	10 years

Note 2 - Variable Interest Entities - Consolidated VIEs' Assets and Liabilities (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Cash and cash equivalents

$ 2,952

$ 3,035

$ 5,503

Term deposit

3,056

Accounts receivable, net

7,215

3,322

Other receivables, net

2,646

Prepayment and deposit to suppliers

4,073

4,760

Due from Related Parties, Current

213

Total current assets

16,900

14,475

Long-term investments

918

1,340

Property and equipment, net

299

471

Intangible assets, net

3,808

7,264

Goodwill

5,277

4,970

$ 4,396

Deferred tax assets, net

1,358

1,522

Total Assets

28,560

30,042

Accrued payroll and other accruals

^[1]

765

721

Accounts payable

^[1]

2,851

102

Advances from customers

^[1]

3,559

1,420

^[1]

559

685

Payable for purchasing of software technology *

^[1]

436

411

Taxes payable

^[1]

3,168

2,910

Other payables

^[1]

687

487

Total current liabilities

12,963

7,620

Total Liabilities

13,097

7,746

VIEs [Member]

Cash and cash equivalents

2,904

2,915

Term deposit

3,056

Accounts receivable, net

7,215

3,315

Other receivables, net

2,629

Prepayment and deposit to suppliers

4,009

4,710

Due from Related Parties, Current

197

Total current assets

16,771

14,264

Long-term investments

Property and equipment, net

177

286

Intangible assets, net

2,112

5,468

Goodwill

5,277

4,970

Deferred tax assets, net

975

1,241

Total Assets

25,312

26,272

Accrued payroll and other accruals

765

721

Accounts payable

2,848

Advances from customers

3,559

1,388

159

256

Due to Control Group

Payable for purchasing of software technology *

436

411

Taxes payable

2,711

2,480

Other payables

155

162

Total current liabilities

10,644

5,511

Total Liabilities

$ 10,644

$ 5,511

[1]	All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2).

Note 2 - Variable Interest Entities - Consolidated VIEs' Financial Performance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revenues	$ 46,598	$ 34,300
Cost of revenues	42,020	26,999
Total operating expenses (including impairment of intangible assets and long-term investments)	14,055	13,899
Loss from discontinued operations		(59)
Net loss	(10,011)	(6,344)
VIEs [Member]
Revenues	46,576	34,643
Cost of revenues	42,019	26,916
Total operating expenses (including impairment of intangible assets and long-term investments)	9,897	9,167
Loss from discontinued operations		59
Net loss	$ 5,878	$ 1,627

Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

Note 3 - Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2015 USD ($)
Allowance for Doubtful Accounts Receivable, Write-offs	$ 1,410,000	$ 0
Provision for Doubtful Accounts	1,462,000	368,000
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net	$ 44,000	159,000
Finite-Lived Intangible Asset, Useful Life	6 years 138 days
Capitalized Computer Software, Amortization	$ 0	0
Impairment of Intangible Assets (Excluding Goodwill)	2,550,000	0
Goodwill, Impairment Loss	$ 0	0
Premium on WACC in Consideration of Higher Risk Associated With Intangible Assets, Percentage	4.00%		4.00%
Advertising Expense	$ 1,717,000	2,360,000
Research and Development Expense	1,261,000	1,996,000
Statute of Limitations, Special Circumstances, Underpayment of Taxes Threshold \| ¥			¥ 100,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	0	0
Unrecognized Tax Benefits	0	0
Internet Ad [Member]
Goodwill, Gross				$ 914,000
Goodwill, Impairment Loss	$ 0	$ 0
Minimum [Member]
Maturity of Time Deposits	3 years
Equity Method Investment, Ownership Percentage	20.00%		20.00%
Minimum [Member] \| Purchased Software and Software Platform [Member]
Finite-Lived Intangible Asset, Useful Life	2 years
Maximum [Member]
Maturity of Time Deposits	12 years
Equity Method Investment, Ownership Percentage	50.00%		50.00%
Maximum [Member] \| Purchased Software and Software Platform [Member]
Finite-Lived Intangible Asset, Useful Life	10 years
Shanghai Borongdingsi [Member]
Consolidated Subsidiary Ownership Percentage	51.00%		51.00%

Note 3 - Summary of Significant Accounting Policies- Exchange Rates Used to Translate Amounts In RMB Into US$ (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Items in the statements of income and comprehensive income, and statements of cash flows	6.7518	6.6423
Balance Sheet Items, Except Equity Accounts [Member]
Balance sheet items, except for equity accounts	6.5342	6.937

Note 3 - Summary of Significant Accounting Policies - Estimated Useful Lives of Property, Plant, and Equipment (Details)	12 Months Ended
	Dec. 31, 2017
Leasehold Improvements [Member]
Property and equipment, useful life (Year)	3 years
Vehicles [Member]
Property and equipment, useful life (Year)	5 years
Office Equipment [Member] \| Minimum [Member]
Property and equipment, useful life (Year)	3 years
Office Equipment [Member] \| Maximum [Member]
Property and equipment, useful life (Year)	5 years
Electronic Devices [Member]
Property and equipment, useful life (Year)	5 years

Note 3 - Summary of Significant Accounting Policies - Intangible Assets Amortization Schedule (Details)	12 Months Ended
	Dec. 31, 2017
Intangible assets, useful life (Year)	6 years 138 days
Customer Relationships [Member] \| Minimum [Member]
Intangible assets, useful life (Year)	5 years
Customer Relationships [Member] \| Maximum [Member]
Intangible assets, useful life (Year)	9 years
Noncompete Agreements [Member] \| Minimum [Member]
Intangible assets, useful life (Year)	5 years
Noncompete Agreements [Member] \| Maximum [Member]
Intangible assets, useful life (Year)	6 years
Software Technologies [Member]
Intangible assets, useful life (Year)	5 years

Note 3 - Summary of Significant Accounting Policies - Quantitative Information About Level 3 Fair Value Measurements (Details) - Fair Value, Inputs, Level 3 [Member] - Fair Value, Measurements, Nonrecurring [Member]	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Intangible Assets [Member] \| Multi-period Excess Earning [Member]
Discount rate	24.00%	24.00%
Goodwill [Member] \| Discounted Cash Flow [Member]
Remaining useful life (Year)	5 years	5 years
Discount rate	20.00%	20.00%
Terminal growth rate	3.50%	3.50%
Minimum [Member] \| Intangible Assets [Member] \| Multi-period Excess Earning [Member]
Remaining useful life (Year)	3 years 91 days	1 year
Contributory asset charge	15.90%	12.90%
Maximum [Member] \| Intangible Assets [Member] \| Multi-period Excess Earning [Member]
Remaining useful life (Year)	8 years 182 days	9 years 182 days
Contributory asset charge	24.00%	24.00%

Note 4 - Term Deposit (Details Textual)	Dec. 31, 2016
Time Deposits, Weighted Average Interest Rate, Maturities Year One	2.25%

Note 5 - Accounts Receivable, Net (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Allowance for Doubtful Accounts Receivable, Current	$ 2,793,000	$ 2,712,000
Provision for Doubtful Accounts	1,462,000	368,000
Allowance for Doubtful Accounts Receivable, Write-offs	1,410,000	0
Internet Advertising and TV Advertising [Member]
Allowance for Doubtful Accounts Receivable, Current	$ 2,793,000	2,712,000
Number of Months Past Due	180 days
Provision for Doubtful Accounts	$ 1,280,000
Provision for Doubtful Accounts Reversal		$ 40,000
Allowance for Doubtful Accounts Receivable, Write-offs	$ 1,410,000

Note 5 - Accounts Receivable, Net - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accounts receivable	$ 10,008	$ 6,034
Allowance for doubtful debts	(2,793)	(2,712)
Accounts receivable, net	$ 7,215	$ 3,322

Note 6 - Other Receivables, Net (Details Textual) ¥ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2017 CNY (¥)	Nov. 30, 2017 USD ($)	Dec. 31, 2016 CNY (¥)
Proceeds from Collection of Loans Receivable		$ 296,000
Provision for Doubtful Accounts		1,462,000	368,000
Internet Advertising And TV Advertising Contractual Deposit [Member]
Allowance for Doubtful Accounts Receivable	$ 900,000	900,000	900,000	¥ 6		¥ 6
Provision for Doubtful Accounts Reversal		30,000
Provision for Doubtful Accounts			$ 256,000
Short-term Working Capital Loan to an Unrelated Third Party [Member]
Loans Receivable, Net	2,600,000	$ 2,600,000			$ 2,910,000
Proceeds from Collection of Loans Receivable	$ 310,000

Note 7 - Prepayments and Deposit to Suppliers (Details Textual)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Number of Largest Internet Resources Suppliers	2	2

Note 7 - Prepayments and Deposit to Suppliers - Prepayments and Deposit to Suppliers (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Prepayment and deposit to suppliers	$ 4,073	$ 4,760
Deposits to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers	1,870	1,074
Prepayment to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers	1,331	2,874
Deposits to Other Service Providers [Member]
Prepayment and deposit to suppliers	765	721
Other Deposits and Prepayments [Member]
Prepayment and deposit to suppliers	$ 107	$ 91

Note 8 - Due From Related Parties, Net (Details Textual) $ in Thousands, ¥ in Millions	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 USD ($)	Dec. 31, 2016 CNY (¥)
Due from Related Parties, Current	$ 14		$ 213
Allowance for Doubtful Accounts Receivable, Related Party, Current	373		144
Related-party Working Capital Loans [Member] \| Chuangshi Meiwei and Guoshua Shiji [Member]
Due from Related Parties, Current	150	¥ 1.0	180	¥ 1.2
Allowance for Doubtful Accounts Receivable, Related Party, Current	$ 210		$ 150

Note 8 - Due From Related Parties, Net - Due from Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Due from related parties, gross	$ 387	$ 357
Allowance for doubtful debts	(373)	(144)
Due from related parties, net	14	213
Beijing Saimeiwei Food Equipment Technology [Member]
Due from related parties, gross	33	31
Chuangshi Meiwei [Member]
Due from related parties, gross	156	150
Guohua Shiji [Member]
Due from related parties, gross	184	175
ChinaNet Chuang Tou [Member]
Due from related parties, gross	14
Beijing Saturday Education Technology Co., Ltd. [Member]
Due from related parties, gross		$ 1

Note 9 - Long-term Investments (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Equity Method Investments	$ 753	$ 709
Cost Method Investments	918	1,340	$ 1,113
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net	44	159
Cost-method Investments, Other than Temporary Impairment	$ 0	$ 0
Shenzhen Mingshan [Member]
Equity Method Investment, Ownership Percentage	23.18%	23.18%
Zhao Shang Ke Hubei [Member]
Equity Method Investment, Ownership Percentage	25.50%	25.50%
Shenzhen Mingsham and Zhao Shang Ke Hubei [Member]
Equity Method Investments			0
ChinaNet Chuang Tou [Member]
Cost Method Investment Ownership Percentage	19.00%	19.00%
Cost Method Investments	$ 918	$ 1,297	939
Chuangshi Meiwei [Member]
Cost Method Investment Ownership Percentage	10.00%	10.00%
Cost Method Investments		$ 0	154
ChinaNet Korea [Member]
Cost Method Investment Ownership Percentage	15.00%	15.00%
Cost Method Investments		$ 0
Guohua Shiji [Member]
Cost Method Investment Ownership Percentage	19.00%	19.00%
Cost Method Investments	$ 0	$ 27	3
Beijing Saturday [Member]
Cost Method Investment Ownership Percentage	10.00%	10.00%
Cost Method Investments	$ 0	$ 16	$ 17

Note 9 - Long-term Investments - Summary of Investment in and Advance to Equity Investment Affiliates (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Investment in equity method investees	$ 753	$ 709
Advance to equity method investees	80	75
Impairment on equity method investments	(833)	(784)
Total equity method investments
Investment in cost method investees	1,125	1,492
Impairment on cost method investments	(207)	(152)
Total cost method investments	918	1,340	$ 1,113
Total long-term investments	$ 918	$ 1,340

Note 9 - Long-term Investments - Movement in Cost Method Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cost method investments, balance	$ 1,340	$ 1,113
Investment during the year		451
Impairment on cost method investments	(46)	(152)
Exchange translation adjustment	83	(72)
Withdraw of cash investment	(459)
Cost method investments, balance	918	1,340
ChinaNet Korea [Member]
Cost method investments, balance	0
Investment during the year		8
Impairment on cost method investments		(8)
Exchange translation adjustment
Withdraw of cash investment
Cost method investments, balance		0
Beijing Saturday [Member]
Cost method investments, balance	16	17
Investment during the year
Impairment on cost method investments	(17)
Exchange translation adjustment	1	(1)
Withdraw of cash investment
Cost method investments, balance	0	16
Chuangshi Meiwei [Member]
Cost method investments, balance	0	154
Investment during the year
Impairment on cost method investments		(144)
Exchange translation adjustment		(10)
Withdraw of cash investment
Cost method investments, balance		0
Guohua Shiji [Member]
Cost method investments, balance	27	3
Investment during the year		25
Impairment on cost method investments	(29)
Exchange translation adjustment	2	(1)
Withdraw of cash investment
Cost method investments, balance	0	27
ChinaNet Chuang Tou [Member]
Cost method investments, balance	1,297	939
Investment during the year		418
Impairment on cost method investments
Exchange translation adjustment	80	(60)
Withdraw of cash investment	(459)
Cost method investments, balance	$ 918	$ 1,297

Note 10 - Property and Equipment, Net (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Depreciation	$ 196,000	$ 248,000

Note 10 - Property and Equipment, Net - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Property and equipment, gross	$ 3,721	$ 3,547
Less: accumulated depreciation	(3,258)	(2,922)
Less: impairment loss on abandoned fixed assets	(164)	(154)
Property and equipment, net	299	471
Leaseholds and Leasehold Improvements [Member]
Property and equipment, gross	337	317
Vehicles [Member]
Property and equipment, gross	810	763
Office Equipment [Member]
Property and equipment, gross	1,410	1,371
Electronic Devices [Member]
Property and equipment, gross	$ 1,164	$ 1,096

Note 11 - Intangible Assets, Net (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Amortization of Intangible Assets	$ 1,226,000	$ 1,324,000
Impairment of Intangible Assets, Finite-lived	$ 2,550,000	$ 0
Finite-Lived Intangible Asset, Useful Life	6 years 138 days
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 656,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	646,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	497,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	656,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	$ 656,000

Note 11 - Intangible Assets, Net - Intangible Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Finite-lived intangible assets	$ 14,878	$ 14,014
Less: accumulated amortization	(6,443)	(4,875)
Less: accumulated impairment losses	(4,627)	(1,875)
Intangible assets, net	3,808	7,264
Customer Relationships [Member]
Finite-lived intangible assets	2,038	1,920
Noncompete Agreements [Member]
Finite-lived intangible assets	1,122	1,057
Software Technologies [Member]
Finite-lived intangible assets	314	295
Cloud-Computing Based Software Platforms [Member]
Finite-lived intangible assets	1,420	1,338
Internet Safety, Information Exchange Security and Data Encryption Software [Member]
Finite-lived intangible assets	1,990	1,874
Intelligent Marketing Data Service Platform [Member]
Finite-lived intangible assets	4,942	4,655
Computer Software, Cloud Video Management System [Member]
Finite-lived intangible assets	1,454	1,369
Other Computer Software [Member]
Finite-lived intangible assets	120	113
Domain Name [Member]
Domain name	$ 1,478	$ 1,393

Note 12 - Goodwill (Details Textual) - USD ($)	12 Months Ended
Note 12 - Goodwill (Details Textual) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Goodwill, Impairment Loss	$ 0	$ 0
Internet Ad [Member]
Goodwill, Impairment Loss	$ 0	$ 0
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] \| Liansuo.com [Member] \| Internet Ad [Member]
Disposal Group, Including Discontinued Operation, Goodwill			$ 914,000

Note 12 - Goodwill - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Balance as of December 31, 2015	$ 4,970	$ 4,396
Goodwill adjustment due to reclassify disposal group to held and used		914
Exchange translation adjustment	307	(340)
Balance	$ 5,277	$ 4,970

Note 13 - Short-term Bank Loan (Details Textual)
$ in Thousands, ¥ in Millions

12 Months Ended

Dec. 31, 2017

USD ($)

Dec. 31, 2017

CNY (¥)

Dec. 31, 2016

USD ($)

Dec. 31, 2016

CNY (¥)

Short-term Debt, Weighted Average Interest Rate, at Point in Time

^[1]

$ 765

$ 721

5.655%

Debt Instrument, Basis Spread on Variable Rate

30.00%

VIEs [Member]

VIEs [Member] | Loans Payable [Member]

$ 765

721

VIEs [Member] | Loan Payable Maturing on August 15, 2018 [Member]

800

¥ 5

800

¥ 5

VIEs [Member] | Loan Payable Maturing on July 18, 2017 [Member]

500

VIEs [Member] | Loan Payable Maturing on October 18, 2017 [Member]

500

VIEs [Member] | Loan Payable Maturing on October 22, 2018 [Member]

$ 300

¥ 2

$ 300

¥ 2

[1]	All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2).

Note 14 - Accrued Payroll and Other Accruals - Accrued Payroll and Other Accruals (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Accrued Payroll and Staff Welfare [Member]

^[1]

$ 559

$ 685

Accrued Operating Expenses [Member]

203

319

PRC turnover tax and surcharge payable

$ 356

$ 366

[1]	All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2).

Note 15 - Due to Investors Related to Terminated Security Purchase Agreements (Details Textual) ¥ in Millions	1 Months Ended			12 Months Ended
	Mar. 31, 2018 USD ($)	Mar. 31, 2018 CNY (¥)	Feb. 28, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	May 31, 2015 USD ($)
Number of Investors Security Purchase Agreement Terminated						2
Repayment for Security Purchase Agreement				$ 0	$ 0
Security Purchase Agreement Termination Failure to Refund Amounts Annualized Interest Rate for Unpaid Amounts				12.00%
Subsequent Event [Member]
Repayment for Security Purchase Agreement			$ 140,000
Other Payables [Member]
Common Stock Purchase Agreement, Accrued Interest				$ 110,000
Jinrun Fangzhou [Member]
Common Stock Purchase Agreement Guarantee Payments Initial Payment Due Within Five Days Percentage						10.00%
Common Stock Purchase Agreement Guarantee Payment Due Within Thirty Days, Percentage						15.00%
Common Stock Purchase Agreement Guarantee Payment						$ 819,000
Jinrun Fangzhou [Member] \| Subsequent Event [Member]
Repayment for Security Purchase Agreement	$ 460,000	¥ 3
Dongsys Innovation [Member]
Common Stock Purchase Agreement Guarantee Payments Initial Payment Due Within Five Days Percentage						10.00%
Common Stock Purchase Agreement Guarantee Payment						$ 119,000

Note 17 - Taxation (Details Textual) - USD ($)	12 Months Ended
Note 17 - Taxation (Details Textual) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Nov. 30, 2015
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		35.00%	35.00%
Federal Income Tax Expense (Benefit), Continuing Operations		$ 0
Profits Assessable		$ 0
Income Tax Withholding Rate Pursuant to EIT Law		10.00%
Operating Loss Carryforwards		$ 13,275,660
Deferred Tax Assets Increase (Decrease)		1,859,000
Undistributed Earnings of Foreign Subsidiaries		1,404,340
Deferred Tax Assets, Valuation Allowance		7,178,000	$ 6,870,000
Deferred Tax Assets, Bad Debts Provision [Member]
Deferred Tax Assets, Valuation Allowance		308,000	527,000
Deferred Tax Assets Adjustment Related to New Tax Act [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ 1,859,000
Minimum [Member]
PRC Value Added Tax Surcharge Rate		12.00%
Maximum [Member]
PRC Value Added Tax Surcharge Rate		14.00%
PRC Subsidiary And VIE's [Member]
Operating Loss Carryforwards		$ 23,959,000	17,939,000
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		7,178,000	$ 6,870,000
Hong Kong [Member]
Federal Income Tax Expense (Benefit), Continuing Operations		0
Profits Assessable		0
Other Tax Expense (Benefit)		$ 0
PRC [Member]
PRC Value Added Tax Rate for Modern Service Provided		6.00%	6.00%
PRC [Member] \| Provision of Modern Services Small Scale Tax Payer [Member]
PRC Value Added Tax Rate for Modern Service Provided Small Scale Tax Payer		3.00%	3.00%
PRC [Member] \| Other PRC Operating Entities [Member]
Applicable Income Tax Rate		25.00%	25.00%
PRC [Member] \| Business Opportunity Online [Member]
Applicable Income Tax Rate		15.00%	15.00%
PRC [Member] \| Business Opportunity Online [Member] \| Minimum [Member]
Enterprise Income Tax Rate In PRC				15.00%
Tax Treaty Agreement [Member]
Income Tax Withholding Rate Pursuant to EIT Law		5.00%
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%

Note 17 - Taxation - Taxes Payable (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

$ 1,295

$ 1,147

PRC enterprise income tax payable

1,873

1,763

Taxes payable

^[1]

$ 3,168

$ 2,910

[1]	All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2).

Note 17 - Taxation - Reconciliation of the Income Tax (Expense)/Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Pre-tax loss	$ (9,760)	$ (6,183)
U.S. federal rate	35.00%	35.00%
Income tax benefit computed at U.S. federal rate	$ 3,416	$ 2,164
Rate differential for PRC earnings	(724)	(354)
Preferential tax treatments and tax holiday effects	(238)	(158)
Tax effect on toll charge income from the Act	(492)
Tax effect on enactment of new tax rate	(1,859)
Tax effect on change of net operating loss treatment		(924)
Valuation allowance on deferred tax assets	(434)	(743)
Others	80	(87)
Effective income tax expense	$ (251)	$ (102)

Note 17 - Taxation - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Current-PRC	$ (1)
Deferred-PRC	(250)	(102)
Effective income tax expense	$ (251)	$ (102)

Note 17 - Taxation - Deferred Tax Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Net operating loss carryforward	$ 7,657	$ 7,461
Bad debts provision	879	931
Valuation allowance	(7,178)	(6,870)
Total net deferred tax assets	$ 1,358	$ 1,522

Note 19 - Restricted Net Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries	$ 8,200	$ 7,800
Withholding Tax Rate Pursuant To EIT Law	10.00%
Preferential Withholding Tax Rate	5.00%
Statutory Accounting Practices, Retained Earnings Not Available for Dividends	$ 2,607	2,607
PRC Subsidiary And VIE's [Member]
Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries	10,600	17,600
Statutory Accounting Practices, Retained Earnings Not Available for Dividends	$ 2,700	$ 2,500
WFOE [Member]
Minimum Percentage Of Annual After-tax Profit For General Reserve	10.00%
Minimum Required Reserve As Percent Of Registered Capital	50.00%
Domestic Enterprise [Member]
Minimum Percentage Of Annual After-tax Profit For General Reserve	10.00%
Minimum Required Reserve As Percent Of Registered Capital	50.00%

Note 20 - Related Party Transactions - Revenue from Related Parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
From related parties	$ 35	$ 450
Beijing Saturday Education Technology Co., Ltd. [Member]
From related parties	6	240
Chuangshi Meiwei [Member]
From related parties	17	170
ChinaNet Chuang Tou [Member]
From related parties	13
Beijing Saimeiwei Food Equipment Technology [Member]
From related parties		36
Guohua Shiji [Member]
From related parties	$ (1)	$ 4

Note 21 - Employee Defined Contribution Plan (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Defined Contribution Plan, Cost	$ 405,000	$ 595,000

Note 22 - Concentration of Risk (Details Textual)	12 Months Ended
Note 22 - Concentration of Risk (Details Textual)	Dec. 31, 2017	Dec. 31, 2016
Sales Revenue, Net [Member] \| Customer Concentration Risk [Member]
Number of Customers	3
Sales Revenue, Net [Member] \| Customer Concentration Risk [Member] \| Customer 1 [Member]
Concentration Risk, Percentage	12.00%
Sales Revenue, Net [Member] \| Customer Concentration Risk [Member] \| Customer 2 [Member]
Concentration Risk, Percentage	12.00%
Sales Revenue, Net [Member] \| Customer Concentration Risk [Member] \| Customer 3 [Member]
Concentration Risk, Percentage	10.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Number of Customers	4	2
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer 1 [Member]
Concentration Risk, Percentage	22.00%	22.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer 2 [Member]
Concentration Risk, Percentage	14.00%	14.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer 3 [Member]
Concentration Risk, Percentage	14.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer 4 [Member]
Concentration Risk, Percentage	11.00%
Cost Of Sales Total [Member] \| Supplier Concentration Risk [Member]
Number of Suppliers	2	2
Cost Of Sales Total [Member] \| Supplier Concentration Risk [Member] \| Supplier 1 [Member]
Concentration Risk, Percentage	64.00%	39.00%
Cost Of Sales Total [Member] \| Supplier Concentration Risk [Member] \| Supplier 2 [Member]
Concentration Risk, Percentage	26.00%	39.00%

Note 23 - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Operating Leases, Rent Expense, Net	$ 409,000	$ 580,000

Note 23 - Commitments and Contingencies - Contractual Obligations (Details) - Office Rental [Member] $ in Thousands	Dec. 31, 2017 USD ($)
-2018	$ 349
-2019	86
Total	$ 435

Note 24 - Discontinued Operation (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$ 60

Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

Note 25 - Segment Reporting (Details Textual) - USD ($)	12 Months Ended
Note 25 - Segment Reporting (Details Textual) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Allocated Share-based Compensation Expense	$ 2,271,000	$ 2,309,000

Note 25 - Segment Reporting - Summary of Segment Reporting Information (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

$ 46,633

$ 34,750

42,020

26,999

Impairment on intangible assets included in total operating expenses

14,055

13,899

2,552

Impairment on long-term investments included in total operating expenses

159

Depreciation and amortization expense included in total operating expenses

1,422

1,572

(9,442)

(6,148)

2,117

(10,011)

(6,285)

Intersegment Eliminations [Member]

28,560

30,042

Impairment on intangible assets included in total operating expenses

Impairment on long-term investments included in total operating expenses

Depreciation and amortization expense included in total operating expenses

Internet Ad [Member] | Operating Segments [Member]

(11,379)

(11,708)

46,291

34,750

41,747

26,999

Impairment on intangible assets included in total operating expenses

9,758

8,777

2,552

Impairment on long-term investments included in total operating expenses

Depreciation and amortization expense included in total operating expenses

1,333

1,470

(5,214)

(1,026)

2,003

(5,752)

(1,154)

TV Ad [Member] | Operating Segments [Member]

28,524

29,520

342

273

Impairment on intangible assets included in total operating expenses

468

Impairment on long-term investments included in total operating expenses

Depreciation and amortization expense included in total operating expenses

(21)

(468)

(21)

(468)

Others [Member] | Operating Segments [Member]

402

348

Impairment on intangible assets included in total operating expenses

4,207

^[1]

4,654

^[2]

Impairment on long-term investments included in total operating expenses

159

Depreciation and amortization expense included in total operating expenses

100

(4,207)

(4,654)

114

(4,238)

(4,663)

$ 11,013

$ 11,882

[1]	Including approximately US$2,271,000 share-based compensation expenses.
[2]	Including approximately US$2,309,000 share-based compensation expenses.

Note 26 - Loss Per Share (Details Textual) - shares	12 Months Ended
Note 26 - Loss Per Share (Details Textual) - shares	Dec. 31, 2017	Dec. 31, 2016
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	835,216	835,216
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	266,238	796,657

Note 26 - Loss Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net loss attributable to ChinaNet Online Holdings, Inc. from continuing operations (numerator for basic and diluted loss per share from continuing operations)	$ (10,125)	$ (6,433)
Loss from and on disposal of discontinued operation, net of income tax		$ (59)
Weighted average number of common shares outstanding – Basic and diluted (in shares)	12,116,783	11,357,907
Loss per share -Basic and diluted from continuing operations (in dollars per share)	$ (0.84)	$ (0.57)
Loss per share -Basic and diluted from discontinued operation (in dollars per share)		$ (0.01)