6.	Due from related parties, net

	March 31, 2019		December 31, 2018
	US$(’000)		US$(’000)
	(Unaudited)

An officer of the Company	200		200
Guohua Shiji (Beijing) Communication Co., Ltd.	178		201
Zhong Wang Xi Yue Technology (Beijing) Co., Ltd.	7		-
	385		401
Allowance for doubtful accounts	(178	)	(175	)
Due from related parties, net	207		226

parties of the Company represented the Company’s direct or indirect unconsolidated investee companies, entities that the Company’s officers or directors can exercise significant influence, as well as an officer of the Company.

Due from an officer of the Company as of

March 31, 2019

and

December 31, 2018

represented a

US$0.20

million fund advanced to

one

of the Company’s officers during the

third

fiscal quarter of

2018

for the purpose of setting up and providing finance to a proposed business entity in Taiwan. The Company intended to set up and expand its business in Taiwan through establishing the VIE arrangements with this Taiwan entity. This Taiwan entity was incorporated in

September 2017

and is wholly-owned by the officer referred above, as of

March 31, 2019,

this entity had

fund and business activities. Based on the fact that there are still legal obstacles to establish the VIE agreements between an entity that is ultimately controlled by the PRC citizens with an entity duly organized under the law of Taiwan, the Company terminated the plan, and the

US$0.2

million fund advanced was fully returned to the Company subsequently in

April 2019.

As of

March 31, 2019

and

December 31, 2018,

due from related parties also included a short-term working capital loan to Guohua Shiji (Beijing) Communication Co., Ltd. (“Guohua Shiji”). As of

December 31, 2018,

the outstanding amount of the loan was

RMB1.38

million (approximately

US$0.20

million), of which

RMB0.18

million (approximately

US$0.03

million) was collected by the Company during the

first

fiscal quarter of

2019,

and the Company had provided full allowance to against the remaining amount of this loan as of

March 31, 2019

and

December 31, 2018,

as the business activities of Guohua Shiji had become dormant and recovery was considered remote.

As of

March 31, 2019,

amount due from Zhong Wang Xi Yue Technology (Beijing) Co., Ltd. (“Zhong Wang Xi Yue”) represented service fee receivables in connection to advertising and marketing services the Company provided to this related party in its normal course of business on the same terms as those provided to its unrelated clients.

For the

three

months ended

March 31, 2018,

the Company provided approximately

US$0.01

million additional allowance for doubtful accounts to against the Company’s balances due from related parties.