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Lease payment liability related to short-term leases

^[1]

431

491

Taxes payable

^[1]

3,258

3,214

^[1]

177

136

Other current liabilities

^[1]

446

221

Warrant liabilities

107

Total current liabilities

6,365

7,013

Long-term liabilities:

Long-term borrowing from a director

124

125

Total Liabilities

6,489

7,138

Commitments and contingencies

Equity:

Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 21,691,926 shares and 19,629,403 shares at June 30, 2020 and December 31, 2019, respectively)

Additional paid-in capital

45,493

43,111

Statutory reserves

2,607

Accumulated deficit

(39,051)

(35,773)

Accumulated other comprehensive income

1,572

1,505

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

10,643

11,470

Noncontrolling interests

(58)

(57)

Total equity

10,585

11,413

Total Liabilities and Equity

$ 17,074

$ 18,551

[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).

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accounts receivable, allowance for doubtful accounts	$ 3,844	$ 3,148
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)	21,691,926	19,629,403
Common stock, shares outstanding (in shares)	21,691,926	19,629,403

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues	$ 10,416,000	$ 15,453,000	$ 14,800,000	$ 24,020,000
Total revenues	10,416,000	15,453,000	14,800,000	24,020,000
Cost of revenues	10,118,000	15,087,000	13,603,000	23,212,000
Gross profit	298,000	366,000	1,197,000	808,000
Operating expenses
Sales and marketing expenses	70,000	181,000	235,000	350,000
General and administrative expenses	1,132,000	1,248,000	3,928,000	2,058,000
Research and development expenses	116,000	159,000	330,000	360,000
Total operating expenses	1,318,000	1,588,000	4,493,000	2,768,000
Loss from operations	(1,020,000)	(1,222,000)	(3,296,000)	(1,960,000)
Other income (expenses)
Interest expense, net		(12,000)	(1,000)	(23,000)
Other income/(expenses)	18,000	(2,000)	17,000	(4,000)
Change in fair value of warrant liabilities	22,000	821,000	68,000	471,000
Total other income	40,000	807,000	84,000	444,000
Loss before income tax (expense)/benefit and noncontrolling interests	(980,000)	(415,000)	(3,212,000)	(1,516,000)
Income tax (expense)/benefit	10,000	33,000	(68,000)	(6,000)
Net loss	(970,000)	(382,000)	(3,280,000)	(1,522,000)
Net loss attributable to noncontrolling interests	2,000	3,000	2,000	5,000
Net loss attributable to ChinaNet Online Holdings, Inc.	(968,000)	(379,000)	(3,278,000)	(1,517,000)
Net loss	(970,000)	(382,000)	(3,280,000)	(1,522,000)
Foreign currency translation gain/(loss)	(4,000)	60,000	68,000	24,000
Comprehensive loss	(974,000)	(322,000)	(3,212,000)	(1,498,000)
Comprehensive loss attributable to noncontrolling interests	2,000	2,000	1,000	5,000
Comprehensive loss attributable to ChinaNet Online Holdings, Inc.	$ (972,000)	$ (320,000)	$ (3,211,000)	$ (1,493,000)
Loss per common share
Basic and diluted (in dollars per share)	$ (0.04)	$ (0.02)	$ (0.16)	$ (0.09)
Weighted average number of common shares outstanding:
Basic and diluted (in shares)	21,691,926	16,412,543	21,044,666	16,411,548
Unrelated Parties [Member]
Revenues	$ 10,415,000	$ 15,352,000	$ 14,786,000	$ 23,912,000
Total revenues	10,415,000	15,352,000	14,786,000	23,912,000
Related Parties [Member]
Revenues	1,000	101,000	14,000	108,000
Total revenues	$ 1,000	$ 101,000	$ 14,000	$ 108,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		30 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020
Cash flows from operating activities
Net loss	$ (970)	$ (2,310)	$ (382)	$ (1,140)	$ (3,280)	$ (1,522)
Adjustments to reconcile net loss to net cash provided by/(used in) operating activities
Depreciation and amortization					415	52
Amortization of operating lease right-of-use assets					5	87
Share-based compensation expenses					1,987	203
Provision for allowances for doubtful accounts					747	460
Deferred taxes					11	6
Change in fair value of warrant liabilities	(22)		(821)		(68)	(471)
Changes in operating assets and liabilities
Accounts receivable					(38)	(866)
Prepayment and deposit to suppliers					2,090	(76)
Due from related parties					28	227
Other current assets					(3)	11
Long-term prepayments					(750)
Accounts payable					(9)	(2,153)
Advance from customers					(362)	1,787
Accrued payroll and other accruals					57	232
Lease payment liability related to short-term leases					43	120
Other current liabilities					326	(39)
Taxes payable					89	91
Prepaid lease payment					(9)	(10)
Net cash provided by/(used in) operating activities					1,165	(2,325)
Cash flows from investing activities
Investment to investee entities					(27)	(36)
Short-term loan to an unrelated party					(944)
Payment for blockchain platform applications development costs					(302)		$ (4,180)
Net cash used in investing activities					(1,273)	(36)
Cash flows from financing activities
Proceeds from short-term bank loan						442
Repayment of short-term bank loan					(427)	(442)
Net cash used in financing activities					(427)
Effect of exchange rate fluctuation					(13)	23
Net decrease in cash and cash equivalents					(548)	(2,338)
Cash and cash equivalents at beginning of the period		$ 1,603		$ 3,742	1,603	3,742
Cash and cash equivalents at end of the period	$ 1,055		$ 1,404		1,055	1,404	$ 1,055
Supplemental disclosure of cash flow information
Income taxes paid
Interest expense paid					$ 2	$ 25

Condensed Consolidated Statements of Changes in Equity (Unaudited) - 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, 2018	16,382,543
Balance at Dec. 31, 2018	$ 16	$ 38,275	$ 2,607	$ (34,512)	$ 1,457	$ (49)	$ 7,794
Share-based compensation in exchange for services from employees and directors (in shares)	30,000
Share-based compensation in exchange for services from employees and directors		13					13
Net loss for the period				(1,138)		(2)	(1,140)
Foreign currency translation adjustment					(35)	(1)	(36)
Balance (in shares) at Mar. 31, 2019	16,412,543
Balance at Mar. 31, 2019	$ 16	38,288	2,607	(35,650)	1,422	(52)	6,631
Balance (in shares) at Dec. 31, 2018	16,382,543
Balance at Dec. 31, 2018	$ 16	38,275	2,607	(34,512)	1,457	(49)	7,794
Net loss for the period							(1,522)
Foreign currency translation adjustment							24
Balance (in shares) at Jun. 30, 2019	16,412,543
Balance at Jun. 30, 2019	$ 16	38,301	2,607	(36,029)	1,481	(54)	6,322
Balance (in shares) at Mar. 31, 2019	16,412,543
Balance at Mar. 31, 2019	$ 16	38,288	2,607	(35,650)	1,422	(52)	6,631
Share-based compensation in exchange for services from employees and directors		13					13
Net loss for the period				(379)		(3)	(382)
Foreign currency translation adjustment					59	1	60
Balance (in shares) at Jun. 30, 2019	16,412,543
Balance at Jun. 30, 2019	$ 16	38,301	2,607	(36,029)	1,481	(54)	6,322
Balance (in shares) at Dec. 31, 2019	19,629,403
Balance at Dec. 31, 2019	$ 20	43,111	2,607	(35,773)	1,505	(57)	11,413
Share-based compensation in exchange for services from nonemployees (in shares)	430,000
Share-based compensation in exchange for services from nonemployees		477					477
Share-based compensation in exchange for services from employees and directors (in shares)	1,632,523
Share-based compensation in exchange for services from employees and directors	$ 2	1,897					1,899
Net loss for the period				(2,310)			(2,310)
Foreign currency translation adjustment					71	1	72
Balance (in shares) at Mar. 31, 2020	21,691,926
Balance at Mar. 31, 2020	$ 22	45,485	2,607	(38,083)	1,576	(56)	11,551
Balance (in shares) at Dec. 31, 2019	19,629,403
Balance at Dec. 31, 2019	$ 20	43,111	2,607	(35,773)	1,505	(57)	11,413
Net loss for the period							(3,280)
Foreign currency translation adjustment							68
Balance (in shares) at Jun. 30, 2020	21,691,926
Balance at Jun. 30, 2020	$ 22	45,493	2,607	(39,051)	1,572	(58)	10,585
Balance (in shares) at Mar. 31, 2020	21,691,926
Balance at Mar. 31, 2020	$ 22	45,485	2,607	(38,083)	1,576	(56)	11,551
Share-based compensation in exchange for services from employees and directors		8					8
Net loss for the period				(968)		(2)	(970)
Foreign currency translation adjustment					(4)		(4)
Balance (in shares) at Jun. 30, 2020	21,691,926
Balance at Jun. 30, 2020	$ 22	$ 45,493	$ 2,607	$ (39,051)	$ 1,572	$ (58)	$ 10,585

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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Note 1 - Organization and Nature of Operations

6 Months Ended

Jun. 30, 2020

Nature of Operations [Text Block]

1.	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 and technical services to small and medium enterprises in the PRC. In early

2018,

the Company commenced to expand its business into the blockchain industry and the related technology. As of

June 30, 2020,

the Company was in the process of developing its blockchain-powered platform applications (See Note

Note 2 - Variable Interest Entities

6 Months Ended

Jun. 30, 2020

Variable Interest Entities Disclosure [Text Block]

Variable interest entities

Summarized below is the information related to the VIEs' assets and liabilities reported in the Company's condensed consolidated balance sheets as of

June 30, 2020

and

December 31, 2019,

respectively:

	June 30, 2020		December 31, 2019
	US$('000)		US$('000)
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	1,012	$	699
Accounts receivable, net		1,534		2,876
Prepayment and deposit to suppliers		2,733		3,998
Due from related parties, net		52		81
Other current assets, net		8		6
Total current assets		5,339		7,660

Long-term investments		61		35
Operating lease right-of-use assets		7		12
Property and equipment, net		38		40
Intangible assets, net		16		25
Deferred tax assets, net		691		713
Total Assets		6,152	$	8,485

Liabilities
Current liabilities:
Short-term bank loan	$	-	$	430
Accounts payable		208		408
Advance from customers		1,357		2,006
Accrued payroll and other accruals		173		132
Taxes payable		2,561		2,568
Lease payment liability related to a short-term lease		30		19
Other current liabilities		227		84
Total current liabilities		4,556		5,647

Total Liabilities	$	4,556	$	5,647

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 condensed consolidated statements of operations and comprehensive loss for the

six

and

three

months ended

June 30, 2020

and

2019,

respectively:

	Six Months Ended June 30,						Three Months Ended June 30,
	2020			2019			2020			2019
	US$('000)			US$('000)			US$('000)			US$('000)
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)

Revenues	$	12,548		$	24,020		$	9,612		$	15,453
Cost of revenues		(12,322	)		(23,212	)		(9,477	)		(15,087	)
Total operating expenses		(1,392	)		(1,862	)		(648	)		(1,151	)
Net loss before allocation to noncontrolling interests		(1,160	)		(1,086	)		(509	)		(764	)

Note 3 - Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2020

Significant Accounting Policies [Text Block]

Summary of significant accounting policies

Basis of presentation

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

The unaudited condensed consolidated interim financial information as of

June 30, 2020

and for the

six

and

three

months ended

June 30, 2020

and

2019

have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures, which are normally included in complete consolidated financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited condensed consolidated interim financial information should be read in conjunction with the financial statements and the notes thereto, included in the Company's Annual Report on Form

-K for the fiscal year ended

December 31, 2019,

previously filed with the SEC (the

“2019

Form

-K”) on

May 27, 2020.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company's condensed consolidated financial position as of

June 30, 2020,

its condensed consolidated results of operations for the

six

and

three

months ended

June 30, 2020

and

2019,

and its condensed consolidated cash flows for the

six

months ended

June 30, 2020

and

2019,

as applicable, have been made. The interim results of operations are

not

necessarily indicative of the operating results for the full fiscal year or any future periods.

Going concern

The Company incurred operating losses and

may

continue to incur operating losses, and as a result, to generate negative cash flows as the Company implements its future business plan. The Company's net loss attributable to stockholders for the

six

and

three

months ended

June 30, 2020

was approximately

US$3.28

million and

US$0.97

million, compared with approximately

US$1.52

million and

US$0.38

million for the

six

and

three

months ended

June 30, 2019,

respectively. As of

June 30, 2020,

the Company had cash and cash equivalents of approximately

US$1.06

million, compared with approximately

US$1.60

million as of

December 31, 2019.

The Company does

not

currently have sufficient cash or commitments for financing to sustain its operation for the

twelve

months from the issuance date of these financial statements. The Company plans to optimize its internet resources cost investment strategy to improve the gross profit margin of its core business and to further strengthen the accounts receivables collection management and negotiate with vendors for more favorable payment terms, all of which will help to substantially increase the cashflows from operations. However, the COVID-

outbreak incurred in the

first

fiscal quarter of

2020

in the PRC has had and

may

continue to have an adverse effect on the Company's business operations and cashflows. If the Company fails to achieve these goals, the Company

may

need additional financing to execute its business plan. If additional financing is required, the Company cannot predict whether this additional financing will be in the form of equity, debt, or another form, and the Company

may

not

be able to obtain the necessary additional capital in a timely manner, on acceptable terms, or at all. In the event that financing sources are

not

available, or that the Company is unsuccessful in increasing its gross profit margin and reducing operating losses, the Company

may

be unable to implement its current plans for expansion, repay debt obligations or respond to competitive pressures, any of which would have a material adverse effect on the Company's business, prospects, financial condition and results of operations. These factors raise substantial doubt about the Company's ability to continue as a going concern within

one

year after the date that the financial statements are issued.

The unaudited condensed consolidated financial statements as of

June 30, 2020

have been prepared under the assumption that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business over a reasonable period of time. The Company's ability to continue as a going concern is dependent upon its uncertain ability to increase gross profit margin and reduce operating loss from its core business and/or obtain additional financing. The accompanying financial statements as of

June 30, 2020

not

include any adjustments that might result from the outcome of these uncertainties. If the Company is unable to continue as a going concern, it

may

have to liquidate its assets and

may

receive less than the value at which those assets are carried on the financial statements.

Principles of consolidation

The unaudited condensed consolidated interim financial statements include the accounts 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.

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

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

		June 30, 2020				December 31, 2019
Balance sheet items, except for equity accounts			7.0795				6.9762

	Six Months Ended June 30,
	2020		2019
Items in the statements of operations and comprehensive loss		7.0319		6.7808

	Three Months Ended June 30,
	2020		2019
Items in the statements of operations and comprehensive loss		7.0839		6.8137

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

Fair value measurement

Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of

June 30, 2020

and

December 31, 2019

are as follows:

Fair value measurement at reporting date using

As of
June 30, 2020

Quoted Prices
in Active Markets
for Identical Assets/Liabilities
(Level 1)

Significant
Other
Observable Inputs
(Level 2)

Significant
Unobservable
Inputs
(Level 3)

US$('000)

(Unaudited)

Warrant liabilities (Note 17)

Fair value measurement at reporting date using

As of
December 31, 2019

Quoted Prices
in Active Markets
for Identical Assets/Liabilities
(Level 1)

Significant
Other
Observable Inputs
(Level 2)

Significant
Unobservable
Inputs
(Level 3)

US$('000)

Warrant liabilities (Note 17)

107

Revenue recognition

The following tables present the Company's revenues disaggregated by products and services and timing of revenue recognition:

	Six Months Ended June 30,				Three Months Ended June 30,
	2020		2019		2020		2019
	US$('000)		US$('000)		US$('000)		US$('000)
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)

Internet advertising and related services
--distribution of the right to use search engine marketing service		9,298		18,580		7,310		11,855
--online advertising placements		3,250		5,406		2,302		3,575
--sales of effective sales lead information		-		29		-		23
--data and technical services		600		5		300		-
Ecommerce O2O advertising and marketing services		1,007		-		504		-
Technical solution services		645		-		-		-
Total revenues	$	14,800	$	24,020	$	10,416	$	15,453

	Six Months Ended June 30,				Three Months Ended June 30,
	2020		2019		2020		2019
	US$('000)		US$('000)		US$('000)		US$('000)
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)

Revenue recognized over time		14,155		23,991		10,416		15,430
Revenue recognized at a point in time		645		29		-		23
Total revenues	$	14,800	$	24,020	$	10,416	$	15,453

Contract costs

For the

six

and

three

months ended

June 30, 2020

and

2019,

the Company did

not

have any significant incremental costs of obtaining contracts with customers incurred and/or costs incurred in fulfilling contracts with customers, that shall be recognized as an asset and amortized to expenses in a pattern that matches the timing of the revenue recognition of the related contract.

Contract liabilities

The table below summarized the movement of the Company's contract liabilities for the

six

months ended

June 30, 2020:

	Contract liabilities
	US$('000)

Balance as of January 1, 2020		2,006
Exchange translation adjustment		(29	)
Revenue recognized from beginning contract liability balances		(1,306	)
Advances received from customers related to unsatisfied performance obligations		948
Balance as of June 30, 2020 (Unaudited)		1,619

Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from cu

stomers were insignifi

cant for the

six

and

three

months ended

June 30, 2020

and

2019.

For the

six

and

three

months ended

June 30, 2020

and

2019,

there is

revenue recognized from performance obligations that were satisfied in prior periods.

Research and development expenses

The Company accounts for expenses for the enhancement, maintenance and technical support to the Company's Internet platforms and intellectual properties that are used in its daily operations in research and development expenses. Research and development costs are charged to expense when incurred. Expenses for research and development for the

six

months ended

June 30, 2020

and

2019

were approximately

US$0.33

million and

US$0.36

million, respectively. Expenses for research and development for the

three

months ended

June 30, 2020

and

2019

were approximately

US$0.12

million and

US$0.16

million, respectively.

Lease

As of

June 30, 2020,

operating lease right-of-use assets recognized by the Company was approximately

US$0.01

million. The Company had

operating lease liabilities as of

June 30, 2020.

For the

six

months ended

June 30, 2020

and

2019,

total operating lease cost recognized was approximately

US$84,000

(including approximately

US$79,000

of short-term lease cost) and

US$218,000

(including approximately

US$130,000

of short-term lease cost), respectively.

For the

three

months ended

June 30, 2020

and

2019,

total operating lease cost recognized was approximately

US$38,000

(including approximately

US$35,000

of short-term lease cost) and

US$132,000

(including approximately

US$130,000

of short-term lease cost), respectively.

Note 4 - Accounts Receivable, Net

6 Months Ended

Jun. 30, 2020

Accounts Receivable Disclosure [Text Block]

4.	Accounts receivable, net

	June 30, 2020			December 31, 2019
	US$('000)			US$('000)
	(Unaudited)

Accounts receivable		6,364			6,408
Allowance for doubtful accounts		(3,844	)		(3,148	)
Accounts receivable, net		2,520			3,260

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

June 30, 2020

and

December 31, 2019,

the Company provided approximately

US$3.84

million and

US$3.15

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

six

months. The Company evaluates its accounts receivable 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

six

and

three

months ended

June 30, 2020,

approximately

US$0.75

million and

US$0.34

million allowance for doubtful accounts was provided, respectively. For the

six

and

three

months ended

June 30, 2019,

approximately

US$0.46

million and

US$0.27

million allowance for doubtful accounts was provided, respectively.

Note 5 - Prepayments and Deposit to Suppliers, Net

6 Months Ended

Jun. 30, 2020

Prepayments and Deposits to Suppliers Disclosure [Text Block]

Prepayments and deposit to suppliers, net

	June 30, 2020		December 31, 2019
	US$('000)		US$('000)
	(Unaudited)

Deposits to internet resources providers		1,311		1,315
Prepayments to internet resources providers		2,728		4,361
Prepayment of license fee		531		1,062
Other deposits and prepayments		508		242
		5,078		6,980

Note 6 - Due From Related Parties, Net

6 Months Ended

Jun. 30, 2020

Due from related parties, net

	June 30, 2020			December 31, 2019
		US$('000)			US$('000)
		(Unaudited)

Zhongwang Xiyue Technology (Beijing) Co., Ltd. (“Zhongwang Xiyue”)		52			81
Guohua Shiji (Beijing) Communication Co., Ltd. (“Guohua Shiji”)		170			172
		222			253
Allowance for doubtful accounts		(170	)		(172	)
Due from related parties, net		52			81

Related parties of the Company represented the Company's direct or indirect unconsolidated investee companies and entities that the Company's officers or directors can exercise significant influence.

As of

June 30, 2020

and

December 31, 2019,

due from Zhongwang Xiyue represented the outstanding receivable for advertising and marketing service that the Company provided to this related party in its normal course of business, which is on the same terms as those provided to its unrelated clients

As of

June 30, 2020

and

December 31, 2019,

due from related parties also included a short-term working capital loan of

RMB1.2

million (approximately

US$0.17

million) to Guohua Shiji, which the Company had provided full allowance to against

Note 7 - Other Current Assets, Net

6 Months Ended

Jun. 30, 2020

Other Current Assets [Text Block]

7.	Other current assets, net

	June 30, 2020							December 31,2019
	Gross		Allowance for doubtful accounts			Net		Gross		Allowance for doubtful accounts			Net
	US$('000)		US$('000)			US$('000)		US$('000)		US$('000)			US$('000)
	(Unaudited)		(Unaudited)			(Unaudited)

Staff advances for business operations		15		-			15		11		-			11
Short-term loan to an unrelated party		944		-			944		-		-			-
Overdue deposits		706		(706	)		-		717		(717	)		-
Total		1,665		(706	)		959		728		(717	)		11

As of

June 30, 2020,

other current assets primarily include a temporary working capital loan that the Company lent to an unrelated party during the

six

months ended

June 30, 2020.

This loan is unsecured, interest free and payment on demand.

As of

June 30, 2020

and

December 31, 2019,

other current assets also included an approximately

RMB5

million (approximately

US$0.7

million) overdue contractual deposit related to an advertising resources purchase contract that had been completed with

further cooperation. Based on the assessment of the collectability of this overdue deposit as of

June 30, 2020

and

December 31, 2019,

the Company had provided full allowance to against this doubtful account.

Note 8 - Long-term Investments

6 Months Ended

Jun. 30, 2020

Equity Method Investments and Joint Ventures Disclosure [Text Block]

8.	Long-term investments

As of

June 30, 2020,

the Company's long-term investments consisted of an investment of approximately

RMB0.25

million (approximately

US$0.03

million) and an investment of

RMB0.19

million (approximately

US$0.03

million) in cash to

two

of its indirect equity ownership investee entities, Local Chain Xi'an Information Technology Co., Ltd. (“Local Chain Xi'an”) and Business Opportunity Chain (Guangzhou) Technology Co., Ltd. (“Business Opportunity Chain Guangzhou”), respectively. The Company beneficially owns a

4.9%

and a

19%

equity interest in Local Chain Xi'an and Business Opportunity Chain Guangzhou, respectively.

The Company measures these investments which do

not

have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the Company.

Note 9 - Property and Equipment, Net

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment Disclosure [Text Block]

Property and equipment, net

	June 30, 2020			December 31, 2019
	US$('000)			US$('000)
	(Unaudited)

Vehicles		747			758
Office equipment		1,312			1,331
Electronic devices		923			937
Property and equipment, cost		2,982			3,026
Less: accumulated depreciation		(2,909	)		(2,948	)
Property and equipment, net		73			78

Depreciation expenses for the

six

months ended

June 30, 2020

and

2019

were approximately

US$4,000

and

US$43,000,

respectively. Depreciation expenses for the

three

months ended

June 30, 2020

and

2019

were approximately

US$2,000

and

US$10,000,

respectively.

Note 10 - Intangible Assets, Net

6 Months Ended

Jun. 30, 2020

Intangible Assets Disclosure [Text Block]

10.	Intangible assets, net

	As of June 30, 2020 (Unaudited)
Items	Gross Carrying Value		Accumulated Amortization			Impairment			Net Carrying Value
	US$('000)		US$('000)			US$('000)			US$('000)
Intangible assets not subject to amortization:
Domain name		1,365		-			(1,365	)		-
Intangible assets subject to amortization:
Customer relationship		1,881		(1,881	)		-			-
Non-compete agreements		1,035		(562	)		(473	)		-
Software technologies		290		(290	)		-			-
Intelligent marketing data service platform		4,561		(1,848	)		(2,713	)		-
Internet safety, information exchange security and data encryption software		1,836		(413	)		(1,423	)		-
Cloud video management system		1,342		(333	)		(1,009	)		-
Cloud compute software technology		1,311		(893	)		(402	)		16
Licensed products use right		1,208		(75	)		-			1,133
Other computer software		871		(527	)		-			344
Total	$	15,700	$	(6,822	)	$	(7,385	)	$	1,493

	As of December 31, 2019
Items	Gross Carrying Value		Accumulated Amortization			Impairment			Net Carrying Value
	US$('000)		US$('000)			US$('000)			US$('000)
Intangible assets not subject to amortization:
Domain name		1,385		-			(1,385	)		-
Intangible assets subject to amortization:
Customer relationship		1,909		(1,909	)		-			-
Non-compete agreements		1,051		(571	)		(480	)		-
Software technologies		294		(294	)		-			-
Intelligent marketing data service platform		4,629		(1,876	)		(2,753	)		-
Internet safety, information exchange security and data encryption software		1,863		(419	)		(1,444	)		-
Cloud video management system		1,362		(338	)		(1,024	)		-
Cloud compute software technology		1,331		(898	)		(408	)		25
Licensed products use right		1,202		(15	)		-			1,187
Other computer software		872		(185	)		-			687
Total	$	15,898	$	(6,505	)	$	(7,494	)	$	1,899

Amortization expenses for the

six

months ended

June 30, 2020

and

2019

were approximately

US$411,000

and

US$9,000,

respectively. Amortization expenses for the

three

months ended

June 30, 2020

and

2019

were approximately

US$206,000

and

US$4,000,

respectively.

Based on the adjusted carrying value of the finite-lived intangible assets after the deduction of the impairment losses, which has a weighted average remaining useful life of

6.02

years as of

June 30, 2020,

and assuming

further subsequent impairment of the underlying intangible assets, t

he estimated future amortization expenses is approximately

US$0.41

million for the year ending

December 31, 2020,

approximately

US$0.13

million for the year ending

December 31, 2021,

and approximately

US$0.12

million each year for the year ending

December 31, 2022

through

2024

Note 11 - Blockchain Software Application Platform Development Costs

6 Months Ended

Jun. 30, 2020

Research, Development, and Computer Software Disclosure [Text Block]

11.

Blockchain software application platform development costs

February 2018,

the Company entered into a technical development contract with an unrelated entity to develop a blockchain technology-based platform application for internal use by the Company. Total amount of the contract was

US$4.5

million. In

March 2018,

the Company entered into a

RMB3.0

million (approximately

US$0.42

million) social network-based software application development contract with another unrelated entity, which software application the Company had further combined into the current under developing blockchain technology-based platform. These

two

blockchain technology-based applications are named OMG and Bo!News, respectively. As of

June 30, 2020

and

December 31, 2019,

in accordance with ASC

350

“Intangibles-Goodwill and Other-Internal-Use Software”, the Company capitalized approximately

US$4.18

million and

US$3.88

million development costs in the aggregate under these

two

contracts, respectively. As of the date hereof, the Company is in the process of further developing and adjusting its blockchain-powered applications on the blockchain infrastructure platform to make the platform a better synergism with the current business and client base. The Company originally scheduled to complete the adjustments and upgrades of Bo!News, to launch the OMG for trial by the end of

May 2020,

and to complete the integration of BO!News and OMG for commercial release by the end of

2020.

However, due to the COVID-

outbreak in China during the

first

fiscal quarter of

2020,

the Company currently anticipates that the commercial releasing schedule will likely be postponed for

months.

According to the development contracts the Company signed with the counter parties, the Company will

not

bear any development risk related loss unless the counter party has

fault during the development and the causes for failure is considered reasonable as agreed by both parties. In the latter case, the related development loss will be shared by both parties based on further negotiations. As of the date hereof, the Company has

not

been aware of any technical risks or other factors that

may

lead to any failure or partial failure of these development projects.

Note 12 - Long-term Prepayments

6 Months Ended

Jun. 30, 2020

Long-term Prepayments [Text Block]

12.	Long-term prepayments

As of

June 30, 2020,

long-term prepayments represented a portion of the Company's prepayments, of which approximately

US$0.75

million was paid to

one

of its advertising resource suppliers and the remaining approximately

US$0.16

million was paid to

one

of its professional service suppliers. The Company recorded these amounts as long-term prepayments because they were

not

expected to be consumed within

one

year of

June 30, 2020.

Note 13 - Short-term Bank Loan and Credit Facility

6 Months Ended

Jun. 30, 2020

Short-term Debt [Text Block]

13.	Short-term bank loan and credit facility

As of

December 31, 2019,

the Company had a revolving credit facility of

RMB5.0

million (approximately

US$0.7

million) for short-term working capital loans granted by a major financial institution in China, which expired in

January 2020.

As of

December 31, 2019,

under the revolving credit facility, the Company borrowed

RMB3.0

million (approximately

US$0.43

million) short-term bank loan, which matured and was repaid in

January 2020.

Note 14 - Accrued Payroll and Other Accruals

6 Months Ended

Jun. 30, 2020

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

14.	Accrued payroll and other accruals

	June 30, 2020		December 31, 2019
	US$('000)		US$('000)
	(Unaudited)

Accrued payroll and staff welfare		240		173
Accrued operating expenses		191		318
		431		491

Note 15 - Taxation

6 Months Ended

Jun. 30, 2020

Income Tax Disclosure [Text Block]

15.

Taxation

As of

June 30, 2020

and

December 31, 2019,

taxes payable consists of:

	June 30, 2020		December 31, 2019
	US$('000)		US$('000)
	(Unaudited)

PRC turnover tax and surcharge payable		1,255		1,244
PRC enterprise income tax payable		2,003		1,970
Total taxes payable		3,258		3,214

For the

six

and

three

months ended

June 30, 2020

and

2019,

the Company's income tax (expense)/benefit consisted of:

	Six Months Ended June 30,						Three Months Ended June 30,
	2020			2019			2020			2019
	US$('000)			US$('000)			US$('000)			US$('000)
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)

Current		(57	)		-			26			-
Deferred		(11	)		(6	)		(16	)		33
Income tax (expense)/benefit		(68	)		(6	)		10			33

The Company's deferred tax assets as of

June 30, 2020

and

December 31, 2019

were as follows:

	June 30, 2020			December 31, 2019
	US$('000)			US$('000)
	(Unaudited)

Tax effect of net operating losses carried forward		9,715			9,160
Bad debts provision		856			743
Valuation allowance		(9,880	)		(9,190	)
Deferred tax assets, net		691			713

The U.S. holding company has incurred aggregate NOLs of approximately

US$22.6

million and

US$20.3

million as of

June 30, 2020

and

December 31, 2019,

respectively. The NOLs carryforwards as of

December 31, 2017

gradually expire over time, the last of which expires in

2037.

NOLs incurred after

December 31, 2017

will

longer be available to carry back but can be carried forward indefinitely, subject to an annual limit of

80%

on the amount of taxable income that can be offset by NOLs arising in tax years ending after

December 31, 2017.

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 U.S. deferred tax assets.

The NOLs carried forward incurred by the Company's PRC subsidiaries and VIEs were approximately

US$24.2

million and

US$23.6

million as of

June 30, 2020

and

December 31, 2019,

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

2030

due to certain subsidiary enjoys the High and New Technology Enterprise's privileged NOLs carryforward policy. The related deferred tax assets were calculated based on the respective NOLs 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$9.88

million and

US$9.19

million valuation allowance as of

June 30, 2020

and

December 31, 2019,

respectively, because it is considered more likely than

not

that a 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

six

and

three

months ended

June 30, 2020,

the Company recorded approximately

US$0.76

million and

US$0.21

million deferred tax valuation allowance, respectively. For the

six

and

three

months ended

June 30, 2019,

the Company recorded approximately

US$0.45

million and

US$0.26

million deferred tax valuation allowance, respectively.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Note 16 - Long-term Borrowing From a Director

6 Months Ended

Jun. 30, 2020

Long-Term Borrowing from Director Disclosure [Text Block]

16.

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 17 - Warrant Liabilities

6 Months Ended

Jun. 30, 2020

Warrants Disclosure [Text Block]

17.	Warrant liabilities

The Company consummated a registered direct offering in

January 2018 (

the

“2018

Financing”), as part of the transaction, the Company issued to the investors and the placement agent warrants to purchase up to

645,000

shares and

129,000

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

$6.60

per share, respectively. The Company accounted for these warrants as derivative liabilities. As a result, these warrants were remeasured at fair value as of each reporting date with changes in fair value be recorded in earnings in each reporting period.

Fair value of the warrants

The Company used Binomial model to determine the fair value of the Warrants based on the assumptions summarized as below:

	Investors warrants									Placement agent warrants
	December 31, 2019			March 31, 2020			June 30, 2020			December 31, 2019			March 31, 2020			June 30, 2020

Stock price	$	1.17		$	0.95		$	1.00		$	1.17		$	0.95		$	1.00
Years to maturity		0.55			0.30			0.05			1.05			0.80			0.55
Risk-free interest rate		1.58	%		0.10	%		0.19	%		1.57	%		0.13	%		0.18	%
Dividend yield		-			-			-			-			-			-
Expected volatility		60	%		99	%		143	%		80	%		78	%		112	%
Exercise Price *	$	1.4927		$	1.4927		$	1.4927		$	1.4927		$	1.4927		$	1.4927

Fair value of the warrant	$	0.11		$	0.07		$	0.02		$	0.28		$	0.12		$	0.20

Warrant Liabilities (US$'000)	$	71		$	45		$	13		$	36		$	16		$	26

	Investors warrants									Placement agent warrants
	December 31, 2018			March 31, 2019			June 30, 2019			December 31, 2018			March 31, 2019			June 30, 2019

Stock price	$	1.34		$	1.95		$	1.35		$	1.34		$	1.95		$	1.35
Years to maturity		1.55			1.30			1.05			2.05			1.80			1.55
Risk-free interest rate		2.50	%		2.27	%		1.73	%		2.50	%		2.27	%		1.73	%
Dividend yield		-			-			-			-			-			-
Expected volatility		199	%		216	%		90	%		176	%		187	%		202	%
Exercise Price	$	6.60		$	6.60		$	6.60		$	6.60		$	6.60		$	6.60

Fair value of the warrant	$	0.78		$	1.23		$	0.05		$	0.80		$	1.26		$	0.80

Warrant Liabilities (US$'000)	$	503		$	793		$	32		$	103		$	163		$	103

* On

September 25, 2019,

as a result of the close on the

first

half of a private placement with a selected group of investors, the exercise price of the warrants issued in the

2018

Financing that contain the “full ratchet” price protection in the event of subsequent issuances below the applicable exercise price (the “Down round feature”) was adjusted to

$1.4927.

Changes in fair value of warrant liabilities

Six and Three Months Ended

June 30, 2020 (

Unaudited)

							Change in Fair Value (gain)/loss
	As of June 30, 2020		As of March 31, 2020		As of December 31, 2019		Six Months Ended June 30, 2020			Three Months Ended June 30, 2020
Fair value of the Warrants:
Investor warrants		13		45		71		(58	)		(32	)
Placement agent warrants		26		16		36		(10	)		10
Warrant liabilities		39		61		107		(68	)		(22	)

Six and Three Months Ended

June 30, 2019 (

Unaudited)

							Change in Fair Value (gain)/loss
	As of June 30, 2019		As of March 31, 2019		As of December 31, 2018		Six Months Ended June 30, 2019			Three Months Ended June 30, 2019
Fair value of the Warrants:
Investor warrants		32		793		503		(471	)		(761	)
Placement agent warrants		103		163		103		-			(60	)
Warrant liabilities		135		956		606		(471	)		(821	)

Warrants issued and outstanding as of

June 30, 2020

and their movements during the

six

months then ended are as follows:

	Warrant Outstanding						Warrant 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, January 1, 2020		774,000		0.63	$	1.4927		774,000		0.63	$	1.4927
Granted/Vested		-						-
Expired		-						-
Exercised		-						-
Balance, June 30, 2020 (Unaudited)		774,000		0.13	$	1.4927		774,000		0.13	$	1.4927

Note 18 - Restricted Net Assets

6 Months Ended

Jun. 30, 2020

Restricted Assets Disclosure [Text Block]

18.

Restricted net assets

As substantially all 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 other PRC subsidiaries and PRC VIEs are subject to the above mandated restrictions on distributable profits.

In accordance with 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

June 30, 2020

and

December 31, 2019,

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, were both approximately

US$6.34

million.

The current PRC Enterprise Income Tax (“EIT”) Law also imposes 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, subject to approval from the related PRC tax authorities.

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 converting 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.

Note 19 - Employee Defined Contribution Plan

6 Months Ended

Jun. 30, 2020

Retirement Benefits [Text Block]

19.

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$0.06

million and

US$0.17

million for the

six

months ended

June 30, 2020

and

2019,

respectively. The total amounts for such employee benefits were approximately

US$0.02

million and

US$0.08

million for the

three

months ended

June 30, 2020

and

2019,

respectively.

The entire disclosure for retirement benefits.

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Note 20 - Concentration of Risk

6 Months Ended

Jun. 30, 2020

Concentration Risk Disclosure [Text Block]

20.	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 and accounts receivable. As of

June 30, 2020,

substantially all of the Company's cash and cash equivalents were held by major financial institutions located in China. The Company believes that these financial institutions located in China are of high credit quality.

For accounts receivable, the Company extends credit based on an evaluation of the customer's 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 receivable 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 receivable is significantly reduced

Concentration of customers

The following tables summarized the information about the Company's concentration of customers for the

six

and

three

months ended

June 30, 2020

and

2019,

respectively:

	Customer A	Customer B	Customer C	Customer D	Customer E

Six Months Ended June 30, 2020
Revenues, customer concentration risk	*	*	*	*	*

Three Months Ended June 30, 2020
Revenues, customer concentration risk	*	*	*	*	*

Six Months Ended June 30, 2019
Revenues, customer concentration risk	13%	*	-	-	-

Three Months Ended June 30, 2019
Revenues, customer concentration risk	11%	*	-	-	-

As of June 30, 2020
Accounts receivable, customer concentration risk	27%	*	17%	19%	16%

As of December 31, 2019
Accounts receivable, customer concentration risk	57%	13%	12%	-	-

* Less than

10%.

transaction incurred for the reporting period/no balance existed as of the reporting date.

Concentration of suppliers

The following tables summarized the information about the Company's concentration of suppliers for the

six

and

three

months ended

June 30, 2020

and

2019,

respectively:

		Supplier A

Six Months Ended June 30, 2020
Cost of revenues, supplier concentration risk		78%

Three Months Ended June 30, 2020
Cost of revenues, supplier concentration risk		81%

Six Months Ended June 30, 2019
Cost of revenues, supplier concentration risk		90%

Three Months Ended June 30, 2019
Cost of revenues, supplier concentration risk		91%

Note 21 - Commitments and Contingencies

6 Months Ended

Jun. 30, 2020

Commitments and Contingencies Disclosure [Text Block]

21.

Commitments and contingencies

2018,

the Company entered into contracts with

two

unrelated

third

parties in relation to the development of the Company's blockchain technology-powered platform applications. Total contract amount of these

two

contracts was approximately

US$4.92

million. As of

June 30, 2020,

the Company had paid approximately

US$4.18

million in the aggerate, and the remaining unpaid contract amount is expected to be paid during the year ending

December 31, 2020.

The Company is currently

not

a party to any legal or administrative proceedings and are

not

aware of any pending or threatened legal or administrative proceedings against us in all material aspects. The Company

may

from time to time become a party to various legal or administrative proceedings arising in its ordinary course of business.

Note 22- Segment Reporting

6 Months Ended

Jun. 30, 2020

Segment Reporting Disclosure [Text Block]

22.

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.

Previously, the Company had

four

reportable segments, which were Internet advertising and related services, TV advertising service, Blockchain technology and Corporate. From fiscal

2020,

the Company has a new reportable segment, which is Ecommerce

O2O

advertising and marketing services segment. In additional, due to the Company's TV advertising business gradually became dormant since fiscal

2019,

and the remaining general operating expenses, net loss and total assets amounts of the Company's TV advertising segment were and are expected to continue be immaterial, the Company combines the results of operations of its TV advertising segment and other disclosure information with its new Ecommerce

O2O

advertising and marketing services segment in fiscal

2020.

As a result, the related disclosures for the respective corresponding periods in fiscal

2019

have been reclassified in comfort with the disclosures in fiscal

2020.

Six Months Ended

June 30, 2020 (

Unaudited)

	Internet Ad and related service			Ecommerce O2O Ad and marketing services		Blockchain technology			Corporate			Inter-segment and reconciling item			Total
	US$ (‘000)			US$ (‘000)		US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)

Revenues		13,148			1,007		-			645			-			14,800
Cost of revenues		12,853			750		-			-			-			13,603
Total operating expenses		1,952			9		4			2,528	(1)		-			4,493
Depreciation and amortization expense included in total operating expenses		412			-		1			2			-			415
Operating (loss)/income		(1,657	)		248		(4	)		(1,883	)		-			(3,296	)

Change in fair value of warrant liabilities		-			-		-			68			-			68

Expenditure for long-term assets		-			-		302			-			-			302

Net (loss)/income		(1,650	)		204		(4	)		(1,830	)		-			(3,280	)

Total assets-June 30, 2020		10,656			2,464		4,180			21,659			(21,885	)		17,074
Total assets-December 31, 2019		13,332			2,075		3,885			21,338			(22,079	)		18,551

(

)

Including approximately

US$1,987

thousands share-based compensation expenses.

Three Months Ended

June 30, 2020 (

Unaudited)

	Internet Ad. and related service			Ecommerce O2O Ad and marketing services		Blockchain technology			Corporate			Inter-segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)		US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)

Revenues		9,912			504		-			-			-		10,416
Cost of revenues		9,743			375		-			-			-		10,118
Total operating expenses		930			5		3			380	(1)		-		1,318
Depreciation and amortization expense included in total operating expenses		206			-		1			1			-		208
Operating (loss)/income		(761	)		124		(3	)		(380	)		-		(1,020	)

Change in fair value of warrant liabilities		-			-		-			22			-		22

Net (loss)/income		(757	)		101		(3	)		(311	)		-		(970	)

(

)

Including approximately

US$68

thousands share-based compensation expenses.

Six Months Ended

June 30, 2019 (

Unaudited)

	Internet Ad and related service			Ecommerce O2O Ad and marketing services			Blockchain technology			Corporate			Inter-segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)

Revenues		24,020			-			-			-			-		24,020
Cost of revenues		23,212			-			-			-			-		23,212
Total operating expenses		1,850			36			11			871	(1)		-		2,768
Depreciation and amortization expense included in total operating expenses		35			-			1			16			-		52
Operating loss		(1,042	)		(36	)		(11	)		(871	)		-		(1,960	)

Change in fair value of warrant liabilities		-			-			-			471			-		471

Net loss		(1,075	)		(36	)		(11	)		(400	)		-		(1,522	)

(

)

Including approximately

US$203

thousands share-based compensation expenses.

Three Months Ended

June 30, 2019 (

Unaudited)

	Internet Ad and related service			Ecommerce O2O Ad and marketing services			Blockchain technology			Corporate			Inter-segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)

Revenues		15,453			-			-			-			-		15,453
Cost of revenues		15,087			-			-			-			-		15,087
Total operating expenses		1,145			18			6			419	(1)		-		1,588
Depreciation and amortization expense included in total operating expenses		12			-			1			1			-		14
Operating loss		(779	)		(18	)		(6	)		(419	)		-		(1,222	)

Change in fair value of warrant liabilities		-			-			-			821			-		821

Net (loss)/income		(760	)		(17	)		(6	)		401			-		(382	)

(

)

Including approximately

US$102

thousands share-based compensation expenses.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Note 23 - Loss Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Text Block]

23.

Loss per share

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

	Six Months Ended June 30,						Three Months Ended June 30,
	2020			2019			2020			2019
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)

Net loss attributable to ChinaNet Online Holdings, Inc. (numerator for basic and diluted loss per share)	$	(3,278	)	$	(1,517	)	$	(968	)	$	(379	)

Weighted average number of common shares outstanding -Basic and diluted		21,044,666			16,411,548			21,691,926			16,412,543

Loss per share-Basic and diluted	$	(0.16	)	$	(0.09	)	$	(0.04	)	$	(0.02	)

For the

six

and

three

months ended

June 30, 2020,

the diluted loss per share calculation did

not

include warrants and options to purchase up to

774,000

and

755,216

shares of the Company's common stock, respectively, because their effect was anti-dilutive, as the Company incurred a loss for both periods.

For the

six

and

three

months ended

June 30, 2019,

the diluted loss per share calculation did

not

include warrants and options to purchase up to

774,000

and

835,216

shares of the Company's common stock, respectively, because their effect was anti-dilutive, as the Company incurred a net loss for both periods.

Note 24 - Share-based Compensation Expenses

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Text Block]

24.

Share-based compensation expenses

February 2020,

under its

2015

Omnibus Securities and Incentive Plan, the Company granted and issued in the aggregate of approximately

1.60

million fully-vested shares of the Company's restricted common stock to its management and employees for their services provided. These shares were valued at the closing bid price of the Company's common stock on the date of grant, which is

US$1.18

per share. Total compensation expenses of approximately

US$1.89

million was recorded for the

six

months ended

June 30, 2020.

March 2020,

under its

2015

Omnibus Securities and Incentive Plan, the Company granted and issued

0.03

million fully-vested shares of the Company's restricted common stock to

one

of its independent directors in exchange for his services for the year ending

December 31, 2020.

These shares were valued at the closing bid price of the Company's common stock on the date of grant, which is

US$1.11

per share. Total compensation expenses recognized for the

six

and

three

months ended

June 30, 2020

was approximately

US$0.02

million and

US$0.01

million, respectively.

March 2020,

the Company granted and issued

430,000

shares of the Company restricted common stock to a management consulting and advisory service provider in exchange for its service for a

two

-year period until

February 2022.

According to the service agreement, these shares are fully-vested upon issuance at the contract inception and shall

not

be subject to forfeiture upon termination of the agreement. The Company valued these shares at

US$1.11

per share, the closing bid price of the Company's common stock on the grant date of these shares and recorded the related total cost of approximately

US$0.48

million as a prepayment asset in prepayment and deposit to suppliers account upon grant and issuance of these fully-vested and nonforfeitable shares. Total compensation expenses amortized for the

six

and

three

months ended

June 30, 2020

was approximately

US$0.08

million and

US$0.06

million.

The table below summarized share-based compensation expenses recorded for the

six

and

three

months ended

June 30, 2020

and

2019,

respectively:

	Six Months Ended June 30,				Three Months Ended June 30,
	2020		2019		2020		2019
	US$('000)		US$('000)		US$('000)		US$('000)
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)

Sales and marketing expenses		122		-		-		-
General and administrative expenses		1,719		203		68		102
Research and development expenses		146		-		-		-
Total		1,987		203		68		102

The aggregate unrecognized share-based compensation expenses as of

June 30, 2020

was approximately

US$0.42

million, of which approximately

US$0.14

million will be recognized for the year ending

December 31, 2020,

approximately

US$0.24

million will be recognized for the year ending

December 31, 2021

and approximately

US$0.04

million will be recognized for the year ending

December 31, 2022.

Options issued and outstanding as of

June 30, 2020

and their movements during the

six

months 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, January 1, 2020		755,216		1.15	$	2.43		755,216		1.15	$	2.43
Granted/Vested		-						-
Expired		-						-
Exercised		-						-
Balance, June 30, 2020 (Unaudited)		755,216		0.65	$	2.43		755,216		0.65	$	2.43

Note 25 - Subsequent Event

6 Months Ended

Jun. 30, 2020

Subsequent Events [Text Block]

25.

Subsequent event

July 2020,

due to the facts that

Shenzhen City Mingshan Network Technology Co., Ltd. (“Shenzhen Mingshan”) and ChinaNet Chuang Tou (Shenzhen) Co., Ltd. (“ChinaNet Chuang Tou”) had become dormant since

2015

and

2018,

respectively,

as approved by all the respective shareholders of

these

two

entities, ChinaNet Chuang Tou and Shenzhen Mingshan were officially closed and deregistered with the competent local authorities. The Company used to own a

19%

and a

23.18%

equity interest in ChinaNet Chuang Tou and Shenzhen Mingshan, respectively. The Company's investments in these entities had been fully impaired in previous years before the deregistration.

August 11 2020,

under its

2015

Omnibus Securities and Incentive Plan, the Company granted and issued

0.05

million fully-vested and nonforfeitable shares of the Company's restricted common stock in exchange for a

-month technical consulting and advisory service commencing from such date. These shares were valued at the closing bid price of the Company's common stock on the date of grant, which was

US$1.36

per share. Total compensation expenses related to these shares was approximately

US$0.07

million.

The Company primarily conducts its operations in the PRC. In

January 2020,

an outbreak of a novel coronavirus (COVID-

) surfaced in Wuhan City, Hubei province of the PRC, and spread all over the country during the

first

fiscal quarter of

2020.

The outbreak caused the Chinese government to require businesses to close, people to quarantine, and also to restrict certain travel within the country. The spread of COVID-

has resulted in the World Health Organization declaring the outbreak of COVID-

as a global pandemic. In cooperation with the government authorities, the Company's operating offices (especially that in Xiaogan City, Hubei province) were shut down for approximately

one

two

months after the Chinese New Year Holiday and were unable to reopen until mid-

March

or early-

April

2020.

The Company's principle business activity is to provide online advertising and marketing services to small and medium enterprises in the PRC, which is particularly sensitive to changes in general economic conditions. The pandemic of COVID-

in the PRC had caused decreases in or delays in advertising spending and had negatively impacted the Company's short-term ability to grow revenues. While the COVID-

pandemic is still in developing stages worldwide, international stock markets have begun to reflect the uncertainty associated with the slow-down in the global economy and the reduced levels of international travel experienced since the beginning of

January,

large declines in oil prices and the significant decline in the Dow Industrial Average at the end of

February

and beginning of

March 2020

was largely attributed to the effects of COVID-

19.

Although the Chinese government have declared the COVID-

outbreak largely under control within its border, the Company will continue to assess its financial impacts for the remainder of the year. There can be

assurance that this assessment will enable the Company to avoid part or all of any impact from the spread of COVID-

or its consequences, including downturns in business sentiment generally or in the Company's sector in particular.

Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of presentation

The unaudited condensed consolidated interim financial information as of

June 30, 2020

and for the

six

and

three

months ended

June 30, 2020

and

2019

-K for the fiscal year ended

December 31, 2019,

previously filed with the SEC (the

“2019

Form

-K”) on

May 27, 2020.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company's condensed consolidated financial position as of

June 30, 2020,

its condensed consolidated results of operations for the

six

and

three

months ended

June 30, 2020

and

2019,

and its condensed consolidated cash flows for the

six

months ended

June 30, 2020

and

2019,

as applicable, have been made. The interim results of operations are

not

necessarily indicative of the operating results for the full fiscal year or any future periods.

Going Concern [Policy Text Block]

Going concern

The Company incurred operating losses and

may

continue to incur operating losses, and as a result, to generate negative cash flows as the Company implements its future business plan. The Company's net loss attributable to stockholders for the

six

and

three

months ended

June 30, 2020

was approximately

US$3.28

million and

US$0.97

million, compared with approximately

US$1.52

million and

US$0.38

million for the

six

and

three

months ended

June 30, 2019,

respectively. As of

June 30, 2020,

the Company had cash and cash equivalents of approximately

US$1.06

million, compared with approximately

US$1.60

million as of

December 31, 2019.

The Company does

not

currently have sufficient cash or commitments for financing to sustain its operation for the

twelve

outbreak incurred in the

first

fiscal quarter of

2020

in the PRC has had and

may

continue to have an adverse effect on the Company's business operations and cashflows. If the Company fails to achieve these goals, the Company

may

not

be able to obtain the necessary additional capital in a timely manner, on acceptable terms, or at all. In the event that financing sources are

not

available, or that the Company is unsuccessful in increasing its gross profit margin and reducing operating losses, the Company

may

one

year after the date that the financial statements are issued.

The unaudited condensed consolidated financial statements as of

June 30, 2020

not

include any adjustments that might result from the outcome of these uncertainties. If the Company is unable to continue as a going concern, it

may

have to liquidate its assets and

may

receive less than the value at which those assets are carried on the financial statements.

Consolidation, Policy [Policy Text Block]

Principles of consolidation

Use of Estimates, Policy [Policy Text Block]

Use of estimates

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign currency translation

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

		June 30, 2020				December 31, 2019
Balance sheet items, except for equity accounts			7.0795				6.9762

	Six Months Ended June 30,
	2020		2019
Items in the statements of operations and comprehensive loss		7.0319		6.7808

	Three Months Ended June 30,
	2020		2019
Items in the statements of operations and comprehensive loss		7.0839		6.8137

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

Fair Value Measurement, Policy [Policy Text Block]

Fair value measurement

Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of

June 30, 2020

and

December 31, 2019

are as follows:

Fair value measurement at reporting date using

As of
June 30, 2020

Quoted Prices
in Active Markets
for Identical Assets/Liabilities
(Level 1)

Significant
Other
Observable Inputs
(Level 2)

Significant
Unobservable
Inputs
(Level 3)

US$('000)

(Unaudited)

Warrant liabilities (Note 17)

Fair value measurement at reporting date using

As of
December 31, 2019

Quoted Prices
in Active Markets
for Identical Assets/Liabilities
(Level 1)

Significant
Other
Observable Inputs
(Level 2)

Significant
Unobservable
Inputs
(Level 3)

US$('000)

Warrant liabilities (Note 17)

107

Revenue from Contract with Customer [Policy Text Block]

Revenue recognition

The following tables present the Company's revenues disaggregated by products and services and timing of revenue recognition:

	Six Months Ended June 30,				Three Months Ended June 30,
	2020		2019		2020		2019
	US$('000)		US$('000)		US$('000)		US$('000)
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)

Internet advertising and related services
--distribution of the right to use search engine marketing service		9,298		18,580		7,310		11,855
--online advertising placements		3,250		5,406		2,302		3,575
--sales of effective sales lead information		-		29		-		23
--data and technical services		600		5		300		-
Ecommerce O2O advertising and marketing services		1,007		-		504		-
Technical solution services		645		-		-		-
Total revenues	$	14,800	$	24,020	$	10,416	$	15,453

	Six Months Ended June 30,				Three Months Ended June 30,
	2020		2019		2020		2019
	US$('000)		US$('000)		US$('000)		US$('000)
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)

Revenue recognized over time		14,155		23,991		10,416		15,430
Revenue recognized at a point in time		645		29		-		23
Total revenues	$	14,800	$	24,020	$	10,416	$	15,453

Contract costs

For the

six

and

three

months ended

June 30, 2020

and

2019,

the Company did

not

Contract liabilities

The table below summarized the movement of the Company's contract liabilities for the

six

months ended

June 30, 2020:

	Contract liabilities
	US$('000)

Balance as of January 1, 2020		2,006
Exchange translation adjustment		(29	)
Revenue recognized from beginning contract liability balances		(1,306	)
Advances received from customers related to unsatisfied performance obligations		948
Balance as of June 30, 2020 (Unaudited)		1,619

Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from cu

stomers were insignifi

cant for the

six

and

three

months ended

June 30, 2020

and

2019.

For the

six

and

three

months ended

June 30, 2020

and

2019,

there is

revenue recognized from performance obligations that were satisfied in prior periods.

Research and Development Expense, Policy [Policy Text Block]

Research and development expenses

six

months ended

June 30, 2020

and

2019

were approximately

US$0.33

million and

US$0.36

million, respectively. Expenses for research and development for the

three

months ended

June 30, 2020

and

2019

were approximately

US$0.12

million and

US$0.16

million, respectively.

Lessee, Leases [Policy Text Block]

Lease

As of

June 30, 2020,

operating lease right-of-use assets recognized by the Company was approximately

US$0.01

million. The Company had

operating lease liabilities as of

June 30, 2020.

For the

six

months ended

June 30, 2020

and

2019,

total operating lease cost recognized was approximately

US$84,000

(including approximately

US$79,000

of short-term lease cost) and

US$218,000

(including approximately

US$130,000

of short-term lease cost), respectively.

For the

three

months ended

June 30, 2020

and

2019,

total operating lease cost recognized was approximately

US$38,000

(including approximately

US$35,000

of short-term lease cost) and

US$132,000

(including approximately

US$130,000

of short-term lease cost), respectively.

Note 2 - Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Variable Interest Entities [Table Text Block]

	June 30, 2020		December 31, 2019
	US$('000)		US$('000)
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	1,012	$	699
Accounts receivable, net		1,534		2,876
Prepayment and deposit to suppliers		2,733		3,998
Due from related parties, net		52		81
Other current assets, net		8		6
Total current assets		5,339		7,660

Long-term investments		61		35
Operating lease right-of-use assets		7		12
Property and equipment, net		38		40
Intangible assets, net		16		25
Deferred tax assets, net		691		713
Total Assets		6,152	$	8,485

Liabilities
Current liabilities:
Short-term bank loan	$	-	$	430
Accounts payable		208		408
Advance from customers		1,357		2,006
Accrued payroll and other accruals		173		132
Taxes payable		2,561		2,568
Lease payment liability related to a short-term lease		30		19
Other current liabilities		227		84
Total current liabilities		4,556		5,647

Total Liabilities	$	4,556	$	5,647

Financial Performance of VIEs [Table Text Block]

	Six Months Ended June 30,						Three Months Ended June 30,
	2020			2019			2020			2019
	US$('000)			US$('000)			US$('000)			US$('000)
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)

Revenues	$	12,548		$	24,020		$	9,612		$	15,453
Cost of revenues		(12,322	)		(23,212	)		(9,477	)		(15,087	)
Total operating expenses		(1,392	)		(1,862	)		(648	)		(1,151	)
Net loss before allocation to noncontrolling interests		(1,160	)		(1,086	)		(509	)		(764	)

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)

6 Months Ended

Jun. 30, 2020

Foreign Currency Exchange Rates [Table Text Block]

		June 30, 2020				December 31, 2019
Balance sheet items, except for equity accounts			7.0795				6.9762

	Six Months Ended June 30,
	2020		2019
Items in the statements of operations and comprehensive loss		7.0319		6.7808

	Three Months Ended June 30,
	2020		2019
Items in the statements of operations and comprehensive loss		7.0839		6.8137

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

Fair value measurement at reporting date using

As of
June 30, 2020

Quoted Prices
in Active Markets
for Identical Assets/Liabilities
(Level 1)

Significant
Other
Observable Inputs
(Level 2)

Significant
Unobservable
Inputs
(Level 3)

US$('000)

(Unaudited)

Warrant liabilities (Note 17)

Fair value measurement at reporting date using

As of
December 31, 2019

Quoted Prices
in Active Markets
for Identical Assets/Liabilities
(Level 1)

Significant
Other
Observable Inputs
(Level 2)

Significant
Unobservable
Inputs
(Level 3)

US$('000)

Warrant liabilities (Note 17)

107

Disaggregation of Revenue [Table Text Block]

	Six Months Ended June 30,				Three Months Ended June 30,
	2020		2019		2020		2019
	US$('000)		US$('000)		US$('000)		US$('000)
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)

Internet advertising and related services
--distribution of the right to use search engine marketing service		9,298		18,580		7,310		11,855
--online advertising placements		3,250		5,406		2,302		3,575
--sales of effective sales lead information		-		29		-		23
--data and technical services		600		5		300		-
Ecommerce O2O advertising and marketing services		1,007		-		504		-
Technical solution services		645		-		-		-
Total revenues	$	14,800	$	24,020	$	10,416	$	15,453

	Six Months Ended June 30,				Three Months Ended June 30,
	2020		2019		2020		2019
	US$('000)		US$('000)		US$('000)		US$('000)
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)

Revenue recognized over time		14,155		23,991		10,416		15,430
Revenue recognized at a point in time		645		29		-		23
Total revenues	$	14,800	$	24,020	$	10,416	$	15,453

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

	Contract liabilities
	US$('000)

Balance as of January 1, 2020		2,006
Exchange translation adjustment		(29	)
Revenue recognized from beginning contract liability balances		(1,306	)
Advances received from customers related to unsatisfied performance obligations		948
Balance as of June 30, 2020 (Unaudited)		1,619

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

Note 4 - Accounts Receivable, Net (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Accounts Receivable [Table Text Block]

	June 30, 2020			December 31, 2019
	US$('000)			US$('000)
	(Unaudited)

Accounts receivable		6,364			6,408
Allowance for doubtful accounts		(3,844	)		(3,148	)
Accounts receivable, net		2,520			3,260

Note 5 - Prepayments and Deposit to Suppliers, Net (Tables)

6 Months Ended

Jun. 30, 2020

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

	June 30, 2020		December 31, 2019
	US$('000)		US$('000)
	(Unaudited)

Deposits to internet resources providers		1,311		1,315
Prepayments to internet resources providers		2,728		4,361
Prepayment of license fee		531		1,062
Other deposits and prepayments		508		242
		5,078		6,980

Note 6 - Due From Related Parties, Net (Tables)

6 Months Ended

Jun. 30, 2020

Due From Related Parties [Member]

	June 30, 2020			December 31, 2019
		US$('000)			US$('000)
		(Unaudited)

Zhongwang Xiyue Technology (Beijing) Co., Ltd. (“Zhongwang Xiyue”)		52			81
Guohua Shiji (Beijing) Communication Co., Ltd. (“Guohua Shiji”)		170			172
		222			253
Allowance for doubtful accounts		(170	)		(172	)
Due from related parties, net		52			81

Note 7 - Other Current Assets, Net (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Other Receivables [Table Text Block]

	June 30, 2020							December 31,2019
	Gross		Allowance for doubtful accounts			Net		Gross		Allowance for doubtful accounts			Net
	US$('000)		US$('000)			US$('000)		US$('000)		US$('000)			US$('000)
	(Unaudited)		(Unaudited)			(Unaudited)

Staff advances for business operations		15		-			15		11		-			11
Short-term loan to an unrelated party		944		-			944		-		-			-
Overdue deposits		706		(706	)		-		717		(717	)		-
Total		1,665		(706	)		959		728		(717	)		11

Note 9 - Property and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Property and Equipment [Table Text Block]

	June 30, 2020			December 31, 2019
	US$('000)			US$('000)
	(Unaudited)

Vehicles		747			758
Office equipment		1,312			1,331
Electronic devices		923			937
Property and equipment, cost		2,982			3,026
Less: accumulated depreciation		(2,909	)		(2,948	)
Property and equipment, net		73			78

Note 10 - Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2020

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

	As of June 30, 2020 (Unaudited)
Items	Gross Carrying Value		Accumulated Amortization			Impairment			Net Carrying Value
	US$('000)		US$('000)			US$('000)			US$('000)
Intangible assets not subject to amortization:
Domain name		1,365		-			(1,365	)		-
Intangible assets subject to amortization:
Customer relationship		1,881		(1,881	)		-			-
Non-compete agreements		1,035		(562	)		(473	)		-
Software technologies		290		(290	)		-			-
Intelligent marketing data service platform		4,561		(1,848	)		(2,713	)		-
Internet safety, information exchange security and data encryption software		1,836		(413	)		(1,423	)		-
Cloud video management system		1,342		(333	)		(1,009	)		-
Cloud compute software technology		1,311		(893	)		(402	)		16
Licensed products use right		1,208		(75	)		-			1,133
Other computer software		871		(527	)		-			344
Total	$	15,700	$	(6,822	)	$	(7,385	)	$	1,493

	As of December 31, 2019
Items	Gross Carrying Value		Accumulated Amortization			Impairment			Net Carrying Value
	US$('000)		US$('000)			US$('000)			US$('000)
Intangible assets not subject to amortization:
Domain name		1,385		-			(1,385	)		-
Intangible assets subject to amortization:
Customer relationship		1,909		(1,909	)		-			-
Non-compete agreements		1,051		(571	)		(480	)		-
Software technologies		294		(294	)		-			-
Intelligent marketing data service platform		4,629		(1,876	)		(2,753	)		-
Internet safety, information exchange security and data encryption software		1,863		(419	)		(1,444	)		-
Cloud video management system		1,362		(338	)		(1,024	)		-
Cloud compute software technology		1,331		(898	)		(408	)		25
Licensed products use right		1,202		(15	)		-			1,187
Other computer software		872		(185	)		-			687
Total	$	15,898	$	(6,505	)	$	(7,494	)	$	1,899

Note 14 - Accrued Payroll and Other Accruals (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Accrued Liabilities [Table Text Block]

	June 30, 2020		December 31, 2019
	US$('000)		US$('000)
	(Unaudited)

Accrued payroll and staff welfare		240		173
Accrued operating expenses		191		318
		431		491

Note 15 - Taxation (Tables)

6 Months Ended

Jun. 30, 2020

Schedule Of Taxes Payable [Table Text Block]

	June 30, 2020		December 31, 2019
	US$('000)		US$('000)
	(Unaudited)

PRC turnover tax and surcharge payable		1,255		1,244
PRC enterprise income tax payable		2,003		1,970
Total taxes payable		3,258		3,214

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

	Six Months Ended June 30,						Three Months Ended June 30,
	2020			2019			2020			2019
	US$('000)			US$('000)			US$('000)			US$('000)
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)

Current		(57	)		-			26			-
Deferred		(11	)		(6	)		(16	)		33
Income tax (expense)/benefit		(68	)		(6	)		10			33

Schedule Of Deferred Tax Assets [Table Text Block]

	June 30, 2020			December 31, 2019
	US$('000)			US$('000)
	(Unaudited)

Tax effect of net operating losses carried forward		9,715			9,160
Bad debts provision		856			743
Valuation allowance		(9,880	)		(9,190	)
Deferred tax assets, net		691			713

Note 17 - Warrant Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Warrant Liabilities [Table Text Block]

							Change in Fair Value (gain)/loss
	As of June 30, 2020		As of March 31, 2020		As of December 31, 2019		Six Months Ended June 30, 2020			Three Months Ended June 30, 2020
Fair value of the Warrants:
Investor warrants		13		45		71		(58	)		(32	)
Placement agent warrants		26		16		36		(10	)		10
Warrant liabilities		39		61		107		(68	)		(22	)

							Change in Fair Value (gain)/loss
	As of June 30, 2019		As of March 31, 2019		As of December 31, 2018		Six Months Ended June 30, 2019			Three Months Ended June 30, 2019
Fair value of the Warrants:
Investor warrants		32		793		503		(471	)		(761	)
Placement agent warrants		103		163		103		-			(60	)
Warrant liabilities		135		956		606		(471	)		(821	)

Schedule of Warrant Activity [Table Text Block]

	Warrant Outstanding						Warrant 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, January 1, 2020		774,000		0.63	$	1.4927		774,000		0.63	$	1.4927
Granted/Vested		-						-
Expired		-						-
Exercised		-						-
Balance, June 30, 2020 (Unaudited)		774,000		0.13	$	1.4927		774,000		0.13	$	1.4927

Warrant [Member]

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

	Investors warrants									Placement agent warrants
	December 31, 2019			March 31, 2020			June 30, 2020			December 31, 2019			March 31, 2020			June 30, 2020

Stock price	$	1.17		$	0.95		$	1.00		$	1.17		$	0.95		$	1.00
Years to maturity		0.55			0.30			0.05			1.05			0.80			0.55
Risk-free interest rate		1.58	%		0.10	%		0.19	%		1.57	%		0.13	%		0.18	%
Dividend yield		-			-			-			-			-			-
Expected volatility		60	%		99	%		143	%		80	%		78	%		112	%
Exercise Price *	$	1.4927		$	1.4927		$	1.4927		$	1.4927		$	1.4927		$	1.4927

Fair value of the warrant	$	0.11		$	0.07		$	0.02		$	0.28		$	0.12		$	0.20

Warrant Liabilities (US$'000)	$	71		$	45		$	13		$	36		$	16		$	26

	Investors warrants									Placement agent warrants
	December 31, 2018			March 31, 2019			June 30, 2019			December 31, 2018			March 31, 2019			June 30, 2019

Stock price	$	1.34		$	1.95		$	1.35		$	1.34		$	1.95		$	1.35
Years to maturity		1.55			1.30			1.05			2.05			1.80			1.55
Risk-free interest rate		2.50	%		2.27	%		1.73	%		2.50	%		2.27	%		1.73	%
Dividend yield		-			-			-			-			-			-
Expected volatility		199	%		216	%		90	%		176	%		187	%		202	%
Exercise Price	$	6.60		$	6.60		$	6.60		$	6.60		$	6.60		$	6.60

Fair value of the warrant	$	0.78		$	1.23		$	0.05		$	0.80		$	1.26		$	0.80

Warrant Liabilities (US$'000)	$	503		$	793		$	32		$	103		$	163		$	103

Note 20 - Concentration of Risk (Tables)

6 Months Ended

Jun. 30, 2020

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

	Customer A	Customer B	Customer C	Customer D	Customer E

Six Months Ended June 30, 2020
Revenues, customer concentration risk	*	*	*	*	*

Three Months Ended June 30, 2020
Revenues, customer concentration risk	*	*	*	*	*

Six Months Ended June 30, 2019
Revenues, customer concentration risk	13%	*	-	-	-

Three Months Ended June 30, 2019
Revenues, customer concentration risk	11%	*	-	-	-

As of June 30, 2020
Accounts receivable, customer concentration risk	27%	*	17%	19%	16%

As of December 31, 2019
Accounts receivable, customer concentration risk	57%	13%	12%	-	-

		Supplier A

Six Months Ended June 30, 2020
Cost of revenues, supplier concentration risk		78%

Three Months Ended June 30, 2020
Cost of revenues, supplier concentration risk		81%

Six Months Ended June 30, 2019
Cost of revenues, supplier concentration risk		90%

Three Months Ended June 30, 2019
Cost of revenues, supplier concentration risk		91%

Note 22- Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

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

	Internet Ad and related service			Ecommerce O2O Ad and marketing services		Blockchain technology			Corporate			Inter-segment and reconciling item			Total
	US$ (‘000)			US$ (‘000)		US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)

Revenues		13,148			1,007		-			645			-			14,800
Cost of revenues		12,853			750		-			-			-			13,603
Total operating expenses		1,952			9		4			2,528	(1)		-			4,493
Depreciation and amortization expense included in total operating expenses		412			-		1			2			-			415
Operating (loss)/income		(1,657	)		248		(4	)		(1,883	)		-			(3,296	)

Change in fair value of warrant liabilities		-			-		-			68			-			68

Expenditure for long-term assets		-			-		302			-			-			302

Net (loss)/income		(1,650	)		204		(4	)		(1,830	)		-			(3,280	)

Total assets-June 30, 2020		10,656			2,464		4,180			21,659			(21,885	)		17,074
Total assets-December 31, 2019		13,332			2,075		3,885			21,338			(22,079	)		18,551

	Internet Ad. and related service			Ecommerce O2O Ad and marketing services		Blockchain technology			Corporate			Inter-segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)		US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)

Revenues		9,912			504		-			-			-		10,416
Cost of revenues		9,743			375		-			-			-		10,118
Total operating expenses		930			5		3			380	(1)		-		1,318
Depreciation and amortization expense included in total operating expenses		206			-		1			1			-		208
Operating (loss)/income		(761	)		124		(3	)		(380	)		-		(1,020	)

Change in fair value of warrant liabilities		-			-		-			22			-		22

Net (loss)/income		(757	)		101		(3	)		(311	)		-		(970	)

	Internet Ad and related service			Ecommerce O2O Ad and marketing services			Blockchain technology			Corporate			Inter-segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)

Revenues		24,020			-			-			-			-		24,020
Cost of revenues		23,212			-			-			-			-		23,212
Total operating expenses		1,850			36			11			871	(1)		-		2,768
Depreciation and amortization expense included in total operating expenses		35			-			1			16			-		52
Operating loss		(1,042	)		(36	)		(11	)		(871	)		-		(1,960	)

Change in fair value of warrant liabilities		-			-			-			471			-		471

Net loss		(1,075	)		(36	)		(11	)		(400	)		-		(1,522	)

	Internet Ad and related service			Ecommerce O2O Ad and marketing services			Blockchain technology			Corporate			Inter-segment and reconciling item		Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)

Revenues		15,453			-			-			-			-		15,453
Cost of revenues		15,087			-			-			-			-		15,087
Total operating expenses		1,145			18			6			419	(1)		-		1,588
Depreciation and amortization expense included in total operating expenses		12			-			1			1			-		14
Operating loss		(779	)		(18	)		(6	)		(419	)		-		(1,222	)

Change in fair value of warrant liabilities		-			-			-			821			-		821

Net (loss)/income		(760	)		(17	)		(6	)		401			-		(382	)

Note 23 - Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2020

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

	Six Months Ended June 30,						Three Months Ended June 30,
	2020			2019			2020			2019
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)

Net loss attributable to ChinaNet Online Holdings, Inc. (numerator for basic and diluted loss per share)	$	(3,278	)	$	(1,517	)	$	(968	)	$	(379	)

Weighted average number of common shares outstanding -Basic and diluted		21,044,666			16,411,548			21,691,926			16,412,543

Loss per share-Basic and diluted	$	(0.16	)	$	(0.09	)	$	(0.04	)	$	(0.02	)

Note 24 - Share-based Compensation Expenses (Tables)

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]

	Six Months Ended June 30,				Three Months Ended June 30,
	2020		2019		2020		2019
	US$('000)		US$('000)		US$('000)		US$('000)
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)

Sales and marketing expenses		122		-		-		-
General and administrative expenses		1,719		203		68		102
Research and development expenses		146		-		-		-
Total		1,987		203		68		102

Share-based Payment Arrangement, Option, 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, January 1, 2020		755,216		1.15	$	2.43		755,216		1.15	$	2.43
Granted/Vested		-						-
Expired		-						-
Exercised		-						-
Balance, June 30, 2020 (Unaudited)		755,216		0.65	$	2.43		755,216		0.65	$	2.43

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

Jun. 30, 2020

Dec. 31, 2019

Current assets:

Cash and cash equivalents

$ 1,055

$ 1,603

Accounts receivable, net

2,520

3,260

Prepayment and deposit to suppliers

5,078

6,980

Due from related parties, net

Other current assets, net

959

Total current assets

9,664

11,935

Long-term investments

Operating lease right-of-use assets

Property and equipment, net

Intangible assets, net

1,493

1,899

Deferred tax assets, net

691

713

17,074

18,551

Current liabilities:

^[1]

430

Accounts payable

^[1]

395

408

Advance from customers

^[1]

1,619

2,006

Lease payment liability related to a short-term lease

^[1]

431

491

Taxes payable

^[1]

3,258

3,214

^[1]

177

136

Other current liabilities

^[1]

446

221

Total current liabilities

6,365

7,013

Total Liabilities

6,489

7,138

Variable Interest Entity, Primary Beneficiary [Member]

Current assets:

Cash and cash equivalents

1,012

699

Accounts receivable, net

1,534

2,876

Prepayment and deposit to suppliers

2,733

3,998

Due from related parties, net

Other current assets, net

Total current assets

5,339

7,660

Long-term investments

Operating lease right-of-use assets

Property and equipment, net

Intangible assets, net

Deferred tax assets, net

691

713

6,152

8,485

Current liabilities:

430

Accounts payable

208

408

Advance from customers

1,357

2,006

Lease payment liability related to a short-term lease

173

132

Taxes payable

2,561

2,568

Other current liabilities

227

Total current liabilities

4,556

5,647

Total Liabilities

$ 4,556

$ 5,647

[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	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues	$ 10,416		$ 15,453		$ 14,800	$ 24,020
Cost of revenues	(10,118)		(15,087)		(13,603)	(23,212)
Total operating expenses	(1,318)		(1,588)		(4,493)	(2,768)
Net loss before allocation to noncontrolling interests	970	$ 2,310	382	$ 1,140	3,280	1,522
Variable Interest Entity, Primary Beneficiary [Member]
Revenues	9,612		15,453		12,548	24,020
Cost of revenues	(9,477)		(15,087)		(12,322)	(23,212)
Total operating expenses	(648)		(1,151)		(1,392)	(1,862)
Net loss before allocation to noncontrolling interests	$ (509)		$ (764)		$ (1,160)	$ (1,086)

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Net Income (Loss) Attributable to Parent, Total	$ (968,000)	$ (379,000)	$ (3,278,000)	$ (1,517,000)
Cash and Cash Equivalents, at Carrying Value, Ending Balance	1,055,000		1,055,000		$ 1,603,000
Research and Development Expense, Total	116,000	159,000	330,000	360,000
Operating Lease, Right-of-Use Asset	7,000		7,000		$ 12,000
Operating Lease, Cost	38,000	132,000	84,000	218,000
Short-term Lease, Cost	35,000	$ 130,000	79,000	$ 130,000
Other Current Assets [Member]
Operating Lease, Right-of-Use Asset	10,000		10,000
Other Current Liabilities [Member]
Operating Lease, Liability, Total	$ 0		$ 0

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Note 3 - Summary of Significant Accounting Policies - Exchange Rates Used to Translate Amounts In RMB Into US$ (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Balance sheet items, except for equity accounts	7.0795		7.0795		6.9762
Items in the statements of operations and comprehensive loss	7.0839	6.8137	7.0319	6.7808

Note 3 - Summary of Significant Accounting Policies - Summary of Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Warrant liabilities (Note 17)	$ 39	$ 107
Fair Value, Inputs, Level 1 [Member]
Warrant liabilities (Note 17)
Fair Value, Inputs, Level 2 [Member]
Warrant liabilities (Note 17)
Fair Value, Inputs, Level 3 [Member]
Warrant liabilities (Note 17)	$ 39	$ 107

Note 3 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues	$ 10,416	$ 15,453	$ 14,800	$ 24,020
Search Engine Marketing and Data Service [Member]
Revenues	7,310	11,855	9,298	18,580
Online Advertising Placement [Member]
Revenues	2,302	3,575	3,250	5,406
Sales of Effective Sales Lead Information [Member]
Revenues		23		29
Data and Technical Services [Member]
Revenues	300		600	5
Offline Advertising and Marketing Services [Member]
Revenues	504		1,007
Technical Solution Services [Member]
Revenues			645
Transferred over Time [Member]
Revenues	10,416	15,430	14,155	23,991
Transferred at Point in Time [Member]
Revenues		$ 23	$ 645	$ 29

Note 3 - Summary of Significant Accounting Policies - Contract liabilities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020 USD ($)
Balance	$ 2,006
Exchange translation adjustment	(29)
Revenue recognized from beginning contract liability balances	(1,306)
Advances received from customers related to unsatisfied performance obligations	948
Balance	$ 1,619

Note 4 - Accounts Receivable, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Accounts Receivable, Allowance for Credit Loss, Current	$ 3,844		$ 3,844		$ 3,148
Accounts Receivable, Credit Loss Expense (Reversal)			747	$ 460
Internet Advertising and TV Advertising [Member]
Accounts Receivable, Allowance for Credit Loss, Current	3,840		$ 3,840		$ 3,150
Number of Months Past Due (Month)			180 days
Accounts Receivable, Credit Loss Expense (Reversal)	$ 340	$ 270	$ 750	$ 460

Note 4 - Accounts Receivable, Net - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accounts receivable	$ 6,364	$ 6,408
Allowance for doubtful accounts	(3,844)	(3,148)
Accounts receivable, net	$ 2,520	$ 3,260

Note 5 - Prepayments and Deposit to Suppliers, Net - Prepayments and Deposit to Suppliers (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Prepayment and deposit to suppliers	$ 5,078	$ 6,980
Deposits to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers	1,311	1,315
Prepayment to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers	2,728	4,361
Prepayment For Software System Development [Member]
Prepayment and deposit to suppliers	531	1,062
Other Deposits and Prepayments [Member]
Prepayment and deposit to suppliers	$ 508	$ 242

Note 6 - Due From Related Parties, Net (Details Textual) $ in Thousands, ¥ in Millions	Jun. 30, 2020 USD ($)	Jun. 30, 2020 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2019 CNY (¥)
Due from Related Parties, Current, Total	$ 52		$ 81
Chuangshi Meiwei and Guoshua Shiji [Member] \| Related-party Working Capital Loans [Member]
Due from Related Parties, Current, Total	$ 170	¥ 1.2	$ 170	¥ 1.2

Note 6 - Due From Related Parties, Net - Due From Related Parties (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Due from related parties, gross	$ 222	$ 253
Allowance for doubtful accounts	(170)	(172)
Due from Related Parties, Current, Total	52	81
Zhong Wang Xi Yue Technology (Beijing) Co. Ltd [Member]
Due from related parties, gross	52	81
Guohua Shiji [Member]
Due from related parties, gross	$ 170	$ 172

Note 7 - Other Current Assets, Net (Details Textual) ¥ in Millions, $ in Millions	Jun. 30, 2020 USD ($)	Jun. 30, 2020 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2019 CNY (¥)
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 0.7	¥ 5	$ 0.7	¥ 5

Note 7 - Other Receivables, Net - Summary of Other Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Other receivables, gross	$ 1,665	$ 728
Allowance for doubtful accounts	(706)	(717)
Other receivables, net	959	11
Staff Advances for Business Operations [Member]
Other receivables, gross	15	11
Allowance for doubtful accounts
Other receivables, net	15	11
Loan to Unrelated Party [Member]
Other receivables, gross	944
Allowance for doubtful accounts
Other receivables, net	944
Overdue Deposits [Member]
Other receivables, gross	706	717
Allowance for doubtful accounts	(706)	(717)
Other receivables, net

Note 8 - Long-term Investments (Details Textual) ¥ in Thousands, $ in Thousands	Jun. 30, 2020 USD ($)	Jun. 30, 2020 CNY (¥)
Local Chain Xi’an [Member]
Equity Securities without Readily Determinable Fair Value, Amount	$ 30	¥ 250
Equity Securities without Readily Determinable Fair Value, Percent	4.90%	4.90%
Business Opportunity Chain [Member]
Equity Securities without Readily Determinable Fair Value, Amount	$ 30	¥ 190
Equity Securities without Readily Determinable Fair Value, Percent	19.00%	19.00%

Note 9 - Property and Equipment, Net (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Depreciation, Total	$ 2,000	$ 10,000	$ 4,000	$ 43,000

Note 9 - Property and Equipment, Net - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property and equipment, gross	$ 2,982	$ 3,026
Less: accumulated depreciation	(2,909)	(2,948)
Property and equipment, net	73	78
Vehicles [Member]
Property and equipment, gross	747	758
Office Equipment [Member]
Property and equipment, gross	1,312	1,331
Electronic Devices [Member]
Property and equipment, gross	$ 923	$ 937

Note 10 - Intangible Assets, Net (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Amortization of Intangible Assets, Total	$ 206,000	$ 4,000	$ 411,000	$ 9,000
Finite-Lived Intangible Asset, Useful Life (Year)			6 years 7 days
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	410,000		$ 410,000
Finite-Lived Intangible Asset, Expected Amortization, Year One	130,000		130,000
Finite-Lived Intangible Asset, Expected Amortization, Year Two	120,000		120,000
Finite-Lived Intangible Asset, Expected Amortization, Year Three	120,000		120,000
Finite-Lived Intangible Asset, Expected Amortization, Year Four	$ 120,000		$ 120,000

Note 10 - Intangible Assets, Net - Intangible Assets, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Finite-lived intangible assets	$ 15,700	$ 15,898
Finite-lived intangible assets, Accumulated amortization	(6,822)	(6,505)
Finite-lived intangible assets, Impairment	(7,385)	(7,494)
Intangible assets, net	1,493	1,899
Customer Relationships [Member]
Finite-lived intangible assets	1,881	1,909
Finite-lived intangible assets, Accumulated amortization	(1,881)	(1,909)
Finite-lived intangible assets, Impairment
Intangible assets, net
Noncompete Agreements [Member]
Finite-lived intangible assets	1,035	1,051
Finite-lived intangible assets, Accumulated amortization	(562)	(571)
Finite-lived intangible assets, Impairment	(473)	(480)
Intangible assets, net
Software Technologies [Member]
Finite-lived intangible assets	290	294
Finite-lived intangible assets, Accumulated amortization	(290)	(294)
Finite-lived intangible assets, Impairment
Intangible assets, net
Intelligent Marketing Data Service Platform [Member]
Finite-lived intangible assets	4,561	4,629
Finite-lived intangible assets, Accumulated amortization	(1,848)	(1,876)
Finite-lived intangible assets, Impairment	(2,713)	(2,753)
Intangible assets, net
Internet Safety, Information Exchange Security and Data Encryption Software [Member]
Finite-lived intangible assets	1,836	1,863
Finite-lived intangible assets, Accumulated amortization	(413)	(419)
Finite-lived intangible assets, Impairment	(1,423)	(1,444)
Intangible assets, net
Computer Software, Cloud Video Management System [Member]
Finite-lived intangible assets	1,342	1,362
Finite-lived intangible assets, Accumulated amortization	(333)	(338)
Finite-lived intangible assets, Impairment	(1,009)	(1,024)
Intangible assets, net
Cloud-Computing Based Software Platforms [Member]
Finite-lived intangible assets	1,311	1,331
Finite-lived intangible assets, Accumulated amortization	(893)	(898)
Finite-lived intangible assets, Impairment	(402)	(408)
Intangible assets, net	16	25
Licensing Agreements [Member]
Finite-lived intangible assets	1,208	1,202
Finite-lived intangible assets, Accumulated amortization	(75)	(15)
Finite-lived intangible assets, Impairment
Intangible assets, net	1,133	1,187
Other Computer Software [Member]
Finite-lived intangible assets	871	872
Finite-lived intangible assets, Accumulated amortization	(527)	(185)
Finite-lived intangible assets, Impairment
Intangible assets, net	344	687
Domain Name [Member]
Domain name	1,365	1,385
Domain name, Impairment	$ (1,365)	$ (1,385)

Note 11 - Blockchain Software Application Platform Development Costs (Details Textual) $ in Thousands, ¥ in Millions	Jun. 30, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Mar. 31, 2018 USD ($)	Mar. 31, 2018 CNY (¥)	Feb. 28, 2018 USD ($)
Capitalized Cost of Blockchain Technology Based Applications Development Costs	$ 4,180	$ 3,880
Contract to Develop Blockchain Technology Based Applications [Member]
Application Development Contracts, Contract Amount			$ 4,920			$ 4,500
Contract to Develop Social Network Based Applications [Member]
Application Development Contracts, Contract Amount				$ 420	¥ 3

Note 12 - Long-term Prepayments (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Prepaid Expense, Noncurrent, Total	$ 909
Advertising Resource Supplier [Member]
Prepaid Expense, Noncurrent, Total	750
Professional Service Supplier [Member]
Prepaid Expense, Noncurrent, Total	$ 160

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

Jun. 30, 2020

USD ($)

Dec. 31, 2019

USD ($)

Dec. 31, 2019

CNY (¥)

Revolving Credit Facility [Member] | Loans Payable [Member]

^[1]

$ 430

Line of Credit Facility, Maximum Borrowing Capacity

700

¥ 5

$ 430

¥ 3

[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

Jun. 30, 2020

Dec. 31, 2019

Accrued Payroll and Staff Welfare [Member]

^[1]

$ 431

$ 491

Accrued Operating Expenses [Member]

240

173

PRC turnover tax and surcharge payable

$ 191

$ 318

[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 - Taxation (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Operating Loss Carryforwards, Total	$ 22,600		$ 22,600		$ 20,300
Operating Loss Carryforwards, Taxable Income Deduction Limitations					80.00%
Deferred Tax Assets, Valuation Allowance, Total	9,880		9,880		$ 9,190
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	210	$ 260	760	$ 450
PRC Subsidiary And VIE's [Member]
Operating Loss Carryforwards, Total	$ 24,200		$ 24,200		$ 23,600

Note 15 - Taxation - Taxes Payable (Details) - USD ($)
$ in Thousands

Jun. 30, 2020

Dec. 31, 2019

$ 1,255

$ 1,244

PRC enterprise income tax payable

2,003

1,970

Total taxes payable

^[1]

$ 3,258

$ 3,214

[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 - Taxation - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Current	$ 26		$ (57)
Deferred	(16)	33	(11)	(6)
Income tax (expense)/benefit	$ 10	$ 33	$ (68)	$ (6)

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer A [Member]

Note 15 - Taxation - Deferred Tax Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Tax effect of net operating losses carried forward	$ 9,715	$ 9,160
Bad debts provision	856	743
Valuation allowance	(9,880)	(9,190)
Deferred tax assets, net	$ 691	$ 713

Note 17 - Warrant Liabilities (Details Textual) - $ / shares	Sep. 25, 2019	Jan. 17, 2018
Investor Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)		645,000
Placement Agent Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)		129,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)		$ 6.60
Warrants Issued January 17, 2018 Containing Full Ratchet Price Protection [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 1.4927

Note 17 - Warrant Liabilities - Fair Value of Warrants (Details) $ in Thousands	Jun. 30, 2020 USD ($) yr	Mar. 31, 2020 USD ($) yr	Dec. 31, 2019 USD ($) yr	Jun. 30, 2019 USD ($) yr	Mar. 31, 2019 USD ($) yr	Dec. 31, 2018 USD ($) yr
Warrant Liabilities (US$’000)	$ 39	$ 61	$ 107	$ 135	$ 956	$ 606
Investor Warrants [Member]
Warrant Liabilities (US$’000)	13	45	71	32	793	503
Placement Agent Warrants [Member]
Warrant Liabilities (US$’000)	$ 26	$ 16	$ 36	$ 103	$ 163	$ 103
Measurement Input, Share Price [Member] \| Investor Warrants [Member]
Fair value of the warrants measurement input	1	0.95	1.17	1.35	1.95	1.34
Measurement Input, Share Price [Member] \| Placement Agent Warrants [Member]
Fair value of the warrants measurement input	1	0.95	1.17	1.35	1.95	1.34
Measurement Input, Expected Term [Member] \| Investor Warrants [Member]
Fair value of the warrants measurement input \| yr	0.05	0.3	0.55	1.05	1.3	1.55
Measurement Input, Expected Term [Member] \| Placement Agent Warrants [Member]
Fair value of the warrants measurement input \| yr	0.55	0.8	1.05	1.55	1.8	2.05
Measurement Input, Risk Free Interest Rate [Member] \| Investor Warrants [Member]
Fair value of the warrants measurement input	0.0019	0.001	0.0158	0.0173	0.0227	0.025
Measurement Input, Risk Free Interest Rate [Member] \| Placement Agent Warrants [Member]
Fair value of the warrants measurement input	0.0018	0.0013	0.0157	0.0173	0.0227	0.025
Measurement Input, Expected Dividend Rate [Member] \| Investor Warrants [Member]
Fair value of the warrants measurement input
Measurement Input, Expected Dividend Rate [Member] \| Placement Agent Warrants [Member]
Fair value of the warrants measurement input
Measurement Input, Price Volatility [Member] \| Investor Warrants [Member]
Fair value of the warrants measurement input	1.43	0.99	0.6	0.9	2.16	1.99
Measurement Input, Price Volatility [Member] \| Placement Agent Warrants [Member]
Fair value of the warrants measurement input	1.12	0.78	0.8	2.02	1.87	1.76
Measurement Input, Exercise Price [Member] \| Investor Warrants [Member]
Fair value of the warrants measurement input	1.4927	1.4927	1.4927	6.6	6.6	6.6
Measurement Input, Exercise Price [Member] \| Placement Agent Warrants [Member]
Fair value of the warrants measurement input	1.4927	1.4927	1.4927	6.6	6.6	6.6
Measurement Input, Quoted Price [Member] \| Investor Warrants [Member]
Fair value of the warrants measurement input	0.02	0.07	0.11	50	1,230	780
Measurement Input, Quoted Price [Member] \| Placement Agent Warrants [Member]
Fair value of the warrants measurement input	0.2	0.12	0.28	800	1,260	800

Note 17 - Warrant Liabilities - Warrant Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Warrant Liabilities (US$’000)	$ 39	$ 135	$ 39	$ 135	$ 61	$ 107	$ 956	$ 606
Change in fair value of warrants	(22)	(821)	(68)	(471)
Investor Warrants [Member]
Warrant Liabilities (US$’000)	13	32	13	32	45	71	793	503
Change in fair value of warrants	(32)	(761)	(58)	(471)
Placement Agent Warrants [Member]
Warrant Liabilities (US$’000)	26	103	26	103	$ 16	$ 36	$ 163	$ 103
Change in fair value of warrants	$ 10	$ (60)	$ (10)

Note 17 - Warrant Liabilities - Warrant Activity (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Balance (in shares)	774,000
Weighted average remaining contractual life (Year)	47 days	229 days
Weighted average exercise price (in dollars per share)	$ 1.4927
Exercisable (in shares)	774,000
Exercisable, weighted average remaining contractual life (Year)	47 days	229 days
Exercisable, weighted average exercise price (in dollars per share)	$ 1.4927
Granted/Vested (in shares)
Expired (in shares)
Exercised (in shares)
Balance (in shares)	774,000	774,000
Weighted average exercise price (in dollars per share)	$ 1.4927	$ 1.4927
Exercisable (in shares)	774,000	774,000
Exercisable, weighted average exercise price (in dollars per share)	$ 1.4927	$ 1.4927

Note 18 - Restricted Net Assets (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries	$ 6.34	$ 6,340,000
Withholding Tax Rate Pursuant To EIT Law	10.00%
Preferential Withholding Tax Rate	5.00%
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 19 - Employee Defined Contribution Plan (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Defined Contribution Plan, Cost	$ 20	$ 80	$ 60	$ 170

Note 20 - Concentration of Risk - Company's Concentration of Customers and Suppliers (Details)

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2020

Jun. 30, 2019

Jun. 30, 2020

Jun. 30, 2019

Dec. 31, 2019

Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer B [Member]

^[1]

11.00%

^[1]

13.00%

Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer C [Member]

^[1]

Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer D [Member]

^[1]

^[2]

^[1]

^[2]

Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer E [Member]

^[1]

^[2]

^[1]

^[2]

Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier A [Member]

^[1]

^[2]

^[1]

^[2]

Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer A [Member]

81.00%

91.00%

78.00%

90.00%

Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer B [Member]

27.00%

57.00%

Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer C [Member]

^[1]

13.00%

Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer D [Member]

17.00%

12.00%

Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer E [Member]

19.00%

^[2]

16.00%

^[2]

[1]	Less than 10%.
[2]	No transaction incurred for the reporting period/no balance existed as of the reporting date.

Note 21 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	6 Months Ended		30 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Dec. 31, 2018	Feb. 28, 2018
Payment for Blockchain Technology Based Applications Development Costs	$ 302		$ 4,180
Contract to Develop Blockchain Technology Based Applications [Member]
Application Development Contracts, Contract Amount				$ 4,920	$ 4,500

Note 22- Segment Reporting (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
Note 22- Segment Reporting (Details Textual) $ in Thousands	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)	Dec. 31, 2019
Number of Reportable Segments					4
Share-based Payment Arrangement, Expense	$ 68	$ 102	$ 1,987	$ 203

Note 22 - Segment Reporting - Summary of Segment Reporting Information (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2020

Mar. 31, 2020

Jun. 30, 2019

Mar. 31, 2019

Jun. 30, 2020

Jun. 30, 2019

Dec. 31, 2019

$ 10,416

$ 15,453

$ 14,800

$ 24,020

10,118

15,087

13,603

23,212

Depreciation and amortization expense included in total operating expenses

1,318

1,588

4,493

2,768

208

415

(1,020)

(1,222)

(3,296)

(1,960)

821

471

302

(970)

$ (2,310)

(382)

$ (1,140)

(3,280)

(1,522)

Corporate, Non-Segment [Member]

17,074

$ 18,551

645

Depreciation and amortization expense included in total operating expenses

380

^[1]

419

^[2]

2,528

^[3]

871

^[4]

(380)

(419)

(1,883)

(871)

821

471

(311)

401

(1,830)

(400)

Intersegment Eliminations [Member]

21,659

21,338

Depreciation and amortization expense included in total operating expenses

Internet Ad [Member] | Operating Segments [Member]

(21,885)

(22,079)

9,912

15,453

13,148

24,020

9,743

15,087

12,853

23,212

Depreciation and amortization expense included in total operating expenses

930

1,145

1,952

1,850

206

412

(761)

(779)

(1,657)

(1,042)

(757)

(760)

(1,650)

(1,075)

Ecommerce O2O Ad and Marketing Services [Member] | Operating Segments [Member]

10,656

13,332

504

1,007

375

750

Depreciation and amortization expense included in total operating expenses

124

(18)

248

(36)

101

(17)

204

(36)

Blockchain Technology [Member] | Operating Segments [Member]

2,464

2,075

Depreciation and amortization expense included in total operating expenses

(3)

(6)

(4)

(11)

302

(3)

$ (6)

(4)

$ (11)