Note 4 - Accounts Receivable, Net

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Accounts Receivable Disclosure [Text Block]

4. Accounts receivable, net

	June 30, 2021			December 31, 2020
	US$(’000)			US$(’000)
	(Unaudited)
Accounts receivable		5,914			6,654
Allowance for doubtful accounts		(2,207	)		(4,247	)
Accounts receivable, net		3,707			2,407

All of the accounts receivable are non-interest bearing. Based on the assessment of the collectability of the accounts receivable as of June 30, 2021 and December 31, 2020, the Company provided approximately US$2.21 million and US$4.25 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, 2021, no allowance for doubtful accounts was provided. 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 three months ended June 30, 2021, the Company charged off approximately US$2.08 million accounts receivable against its related allowance, as all means of collection have been exhausted and the potential for recovery is considered remote.