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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues $ 11,900 $ 12,304 $ 34,847 $ 27,104
Cost of revenues 11,857 12,945 35,739 26,548
Gross (loss)/profit 43 (641) (892) 556
Operating expenses        
Sales and marketing expenses 58 58 159 293
General and administrative expenses 1,471 592 10,366 4,520
Research and development expenses 88 113 251 443
Total operating expenses 1,617 763 10,776 5,256
Loss from operations (1,574) (1,404) (11,668) (4,700)
Other income/(expenses)        
Interest income/(expense), net 1 1 3 0
Other income/(expenses), net (37) (21) 265 (4)
Loss on disposal of long-term investments 0 0 (38) 0
Change in fair value of warrant liabilities 2,853 (64) 9,682 4
Total other income/(expenses) 2,817 (84) 9,912 0
(Loss)/income before income tax benefit and noncontrolling interests 1,243 (1,488) (1,756) (4,700)
Income tax benefit 131 155 171 87
Net (loss)/income 1,374 (1,333) (1,585) (4,613)
Net (income)/loss attributable to noncontrolling interests 1 0 (1) 2
Net (loss)/income attributable to ZW Data Action Technologies Inc. 1,375 (1,333) (1,586) (4,611)
Net (loss)/income 1,374 (1,333) (1,585) (4,613)
Foreign currency translation loss (2) (203) (25) (135)
Comprehensive (loss)/income 1,372 (1,536) (1,610) (4,748)
Comprehensive (income)/loss attributable to noncontrolling interests 0 2 (1) 3
Comprehensive (loss)/income attributable to ZW Data Action Technologies Inc. $ 1,372 $ (1,534) $ (1,611) $ (4,745)
(Loss)/earnings per common share        
Basic and diluted (in dollars per share) $ 0.04 $ (0.06) $ (0.05) $ (0.22)
Weighted average number of common shares outstanding:        
Basic and diluted (in shares) 35,332,220 21,720,259 32,279,304 21,271,301
Unrelated Parties [Member]        
Revenues $ 11,896 $ 12,300 $ 34,843 $ 27,086
Related Parties [Member]        
Revenues $ 4 $ 4 $ 4 $ 18