Note 19 - Commitments and Contingencies

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

19. Commitments and contingencies

In 2021, in accordance with an investment contract entered into among the Company, Shenzhen Global Best Products Import & Export Co., Ltd., (“Global Best Products”), and the shareholders of Global Best Products, the Company acquired a 9.09% equity interest in Global Best Products through the subscription of a RMB5.0 million (approximately US$0.79 million) new share capital issued by Global Best Products. In November 2021, the Company made its first investment in cash of RMB2.0 million (approximately US$0.32 million) to Global Best Products. The remaining investment amount of RMB3.0 million (approximately US$0.47 million) is expected to be invested before December 31, 2022.

The Company is currently not a party to any legal or administrative proceedings and are not aware of any pending or threatened legal or administrative proceedings against us in all material aspects. The Company may from time to time become a party to various legal or administrative proceedings arising in its ordinary course of business.