Note 18 - Taxation (Tables)

3 Months Ended

Mar. 31, 2018

Notes Tables

Schedule Of Taxes Payable [Table Text Block]

	March 31, 2018		December 31, 2017
	US$(’000)		US$(’000)
	(Unaudited)
PRC turnover tax and surcharge payable		1,253		1,295
PRC enterprise income tax payable		1,946		1,873
Total taxes payable		3,199		3,168

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

	Three Months Ended March 31,
	2018			2017
	US$(’000)			US$(’000)
Pre-tax loss		(574	)		(1,069	)
U.S. federal rate		21	%		35	%
Income tax benefit computed at U.S. federal rate		121			374
Reconciling items:
Rate differential for PRC earnings		74			(93	)
Preferential tax treatment effect		(52	)		(16	)
Tax effect on non-taxable change in fair value of warrant liabilities		310			-
Valuation allowance on deferred tax assets		(412	)		(272	)
Others		(37	)		7
Effective income tax benefit		4			-

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

	Three Months Ended March 31,
	2018		2017
	US$(’000)		US$(’000)
	(Unaudited)		(Unaudited)
Current-PRC		-		-
Deferred-PRC		4		-
Income tax benefit		4		-

Schedule Of Deferred Tax Assets [Table Text Block]

	March 31, 2018			December 31, 2017
	US$(’000)			US$(’000)
	(Unaudited)
Tax effect of net operating losses carried forward		8,146			7,657
Bad debts provision		1,035			879
Valuation allowance		(7,766	)		(7,178	)
Deferred tax assets, net		1,415			1,358