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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents * $ 8,731 $ 4,297
Accounts receivable, net of allowance for doubtful accounts of $2,198 and $4,247, respectively * 2,669 2,407
Prepayment and deposit to suppliers * 8,673 4,657
Due from related parties * 96 61
Other current assets * 1,658 1,462
Total current assets 21,827 12,884
Long-term investments * 1,911 67
Operating lease right-of-use assets * 2,042 48
Property and equipment, net * 190 60
Intangible assets, net * 3,275 2,557
Blockchain platform applications development costs 4,408 4,406
Long-term deposits and prepayments * 481 39
Deferred tax assets, net * 781 606
Total Assets 34,915 20,667
Current liabilities:    
Accounts payable 750 608
Advance from customers 1,311 1,436
Accrued payroll and other accruals 350 489
Taxes payable 3,414 3,430
Operating lease liabilities 193 18
Lease payment liability related to short-term leases 150 203
Other current liabilities 136 333
Warrant liabilities 3,686 1,505
Total current liabilities 9,990 8,022
Long-term liabilities:    
Operating lease liabilities-Non current * [1] 1,923 32
Long-term borrowing from a related party 135 134
Total Liabilities 12,048 8,188
Commitments and contingencies
Equity:    
Common stock (US$0.001 par value; authorized 100,000,000 and 50,000,000 shares at September 30, 2021 and December 31, 2020, respectively; issued and outstanding 35,332,677 shares and 26,062,915 shares at September 30, 2021 and December 31, 2020, respectively) 35 26
Additional paid-in capital 61,761 49,772
Statutory reserves 2,598 2,598
Accumulated deficit (42,566) (40,980)
Accumulated other comprehensive income 1,104 1,129
Total ZW Data Action Technologies Inc.’s stockholders’ equity 22,932 12,545
Noncontrolling interests (65) (66)
Total equity 22,867 12,479
Total Liabilities and Equity $ 34,915 $ 20,667
[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).