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Note 22- Segment Reporting
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
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.
 
For the Year Ended
December 31, 2019
    Internet Ad.
and data service
  TV Ad.   Blockchain technology   Corporate   Inter- segment and reconciling item   Total
    US$(’000)   US$(’000)   US$(’000)   US$(’000)   US$(’000)   US$(’000)
                         
Revenues    
56,878
     
-
     
-
     
1,202
 
   
-
     
58,080
 
Cost of revenues    
52,582
     
-
     
-
     
-
 
   
-
     
52,582
 
Total operating expenses    
5,176
     
47
     
20
     
1,943
(1)
   
-
     
7,186
 
Depreciation and amortization expense included in total operating expenses    
150
     
-
     
2
     
18
 
   
-
     
170
 
Operating loss    
(880
)    
(47
)    
(20
)    
(741
)
   
-
     
(1,688
)
                                                 
Change in fair value of warrant liabilities    
-
     
-
     
-
     
499
 
   
-
     
499
 
                                                 
Net loss    
(778
)    
(44
)    
(20
)    
(428
)
   
-
     
(1,270
)
                                                 
Expenditure for long-term assets    
1,962
     
-
     
160
     
-
 
   
-
     
2,122
 
                                                 
Total assets-December 31, 2019    
13,332
     
224
     
3,885
     
21,338
 
   
(20,228
)    
18,551
 
 
(
1
) Including approximately
US$393,000
share-based compensation expenses.
 
For the Year Ended
December 31, 2018
 
    Internet Ad.
and
data service
  TV Ad.   Blockchain technology   Corporate   Inter-segment and reconciling item   Total
    US$(’000)   US$(’000)   US$(’000)   US$(’000)   US$(’000)   US$(’000)
                         
Revenues    
57,025
     
121
     
-
     
356
 
   
(356
)    
57,146
 
Cost of revenues    
54,633
     
95
     
-
     
-
 
   
-
     
54,728
 
Total operating expenses    
14,658
     
126
     
102
     
2,400
(1)
   
(356
)    
16,930
 
Depreciation and amortization expense included in total operating expenses    
469
     
1
     
-
     
71
 
   
-
     
541
 
Impairment on goodwill included in total operating expenses    
5,211
     
-
     
-
     
-
 
   
-
     
5,211
 
Impairment on intangible assets included in total operating expenses    
3,330
     
-
     
-
     
-
 
   
-
     
3,330
 
Operating loss    
(12,266
)    
(100
)    
(102
)    
(2,044
)
   
-
     
(14,512
)
                                                 
Change in fair value of warrant liabilities    
-
     
-
     
-
     
1,669
 
   
-
     
1,669
 
                                                 
Impairment on long-term investments    
-
     
-
     
-
     
453
 
   
-
     
453
 
                                                 
Net loss    
(12,708
)    
(100
)    
(102
)    
(1,217
)
   
-
     
(14,127
)
                                                 
Expenditure for long-term assets    
431
     
-
     
3,746
     
3
 
   
-
     
4,180
 
                                                 
Total assets – December 31, 2018    
12,756
     
207
     
3,746
     
16,805
 
   
(16,546
)    
16,968
 
 
(
1
) Including approximately
US$233,000
share-based compensation expenses.