$CNET
ZW Data Action Technologies Inc.

2017 Q1 Form 10-Q Financial Statement

#000117184317003085 Filed on May 15, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $7.264M $5.060M
YoY Change 43.56%
Cost Of Revenue $5.992M $3.456M
YoY Change 73.38%
Gross Profit $1.272M $1.604M
YoY Change -20.7%
Gross Profit Margin 17.51% 31.7%
Selling, General & Admin $1.926M $2.586M
YoY Change -25.52%
% of Gross Profit 151.42% 161.22%
Research & Development $395.0K $426.0K
YoY Change -7.28%
% of Gross Profit 31.05% 26.56%
Depreciation & Amortization $354.0K $384.0K
YoY Change -7.81%
% of Gross Profit 27.83% 23.94%
Operating Expenses $2.321M $3.012M
YoY Change -22.94%
Operating Profit -$1.049M -$1.408M
YoY Change -25.5%
Interest Expense $17.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$20.00K $15.00K
YoY Change -233.33%
Pretax Income -$1.069M -$1.393M
YoY Change -23.26%
Income Tax -$28.00K
% Of Pretax Income
Net Earnings -$1.087M -$1.411M
YoY Change -22.96%
Net Earnings / Revenue -14.96% -27.89%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 11.98M 11.34M
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.047M $3.744M
Short-Term Investments
Other Short-Term Assets $143.0K
YoY Change
Inventory
Prepaid Expenses
Receivables $4.242M
Other Receivables
Total Short-Term Assets $17.52M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $423.0K
YoY Change
Goodwill $4.998M
YoY Change
Intangibles $7.001M
YoY Change
Long-Term Investments $713.0K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $15.30M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $17.52M
Total Long-Term Assets $15.30M
Total Assets $32.82M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $398.0K $217.0K
YoY Change 83.41% -70.72%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.15M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $11.15M
Total Long-Term Liabilities
Total Liabilities $11.27M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$11.45M
YoY Change
Common Stock $12.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.51M
YoY Change
Total Liabilities & Shareholders Equity $32.82M
YoY Change

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$1.087M -$1.411M
YoY Change -22.96%
Depreciation, Depletion And Amortization $354.0K $384.0K
YoY Change -7.81%
Cash From Operating Activities -$2.007M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $117.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities -2.007M
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash -2.007M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$2.007M
Capital Expenditures $117.0K
Free Cash Flow -$2.007M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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AccruedPayrollAndOtherAccruals
597000
CY2016Q4 cnet Accrued Payroll And Other Accruals
AccruedPayrollAndOtherAccruals
685000
CY2017Q1 cnet Accumulated Impairment Of Intangible Assets Finite Lived
AccumulatedImpairmentOfIntangibleAssetsFiniteLived
1885000
CY2016Q4 cnet Accumulated Impairment Of Intangible Assets Finite Lived
AccumulatedImpairmentOfIntangibleAssetsFiniteLived
1875000
CY2017Q1 cnet Allowance For Doubtful Accounts Receivable Related Party Current
AllowanceForDoubtfulAccountsReceivableRelatedPartyCurrent
145000
CY2016Q4 cnet Allowance For Doubtful Accounts Receivable Related Party Current
AllowanceForDoubtfulAccountsReceivableRelatedPartyCurrent
144000
CY2017Q1 cnet Costmethod Investments Accumulated Other Than Temporary Impairment
CostmethodInvestmentsAccumulatedOtherThanTemporaryImpairment
153000
CY2016Q4 cnet Costmethod Investments Accumulated Other Than Temporary Impairment
CostmethodInvestmentsAccumulatedOtherThanTemporaryImpairment
152000
CY2017Q1 cnet Due From Related Parties Gross Current
DueFromRelatedPartiesGrossCurrent
1227000
CY2016Q4 cnet Due From Related Parties Gross Current
DueFromRelatedPartiesGrossCurrent
357000
CY2017Q1 cnet Enterprise Income Tax Payable Current
EnterpriseIncomeTaxPayableCurrent
1773000
CY2016Q4 cnet Enterprise Income Tax Payable Current
EnterpriseIncomeTaxPayableCurrent
1763000
CY2017Q1 cnet Equity Method Investment Accumulated Other Than Temporary Impairment
EquityMethodInvestmentAccumulatedOtherThanTemporaryImpairment
788000
CY2016Q4 cnet Equity Method Investment Accumulated Other Than Temporary Impairment
EquityMethodInvestmentAccumulatedOtherThanTemporaryImpairment
784000
CY2017Q1 cnet Foreign Currency Exchange Rate Translation Average
ForeignCurrencyExchangeRateTranslationAverage
6.8861
CY2016Q1 cnet Foreign Currency Exchange Rate Translation Average
ForeignCurrencyExchangeRateTranslationAverage
6.5288
CY2017Q1 cnet Goodwill Accumulated Translation Adjustments
GoodwillAccumulatedTranslationAdjustments
-28000
CY2017Q1 cnet Guarantee Payment And Prepayment From New Investors
GuaranteePaymentAndPrepaymentFromNewInvestors
888000
CY2016Q4 cnet Guarantee Payment And Prepayment From New Investors
GuaranteePaymentAndPrepaymentFromNewInvestors
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CY2017Q1 cnet Impaired Assets To Be Disposed Of By Method Other Than Sale Accumulated Amount Of Impairment Loss
ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAccumulatedAmountOfImpairmentLoss
155000
CY2016Q4 cnet Impaired Assets To Be Disposed Of By Method Other Than Sale Accumulated Amount Of Impairment Loss
ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAccumulatedAmountOfImpairmentLoss
154000
CY2017Q1 cnet Income Tax Withholding Rate Pursuant To Eit Law
IncomeTaxWithholdingRatePursuantToEITLaw
0.1
CY2017Q1 cnet Increase Decrease In Accrued Payroll And Other Accruals
IncreaseDecreaseInAccruedPayrollAndOtherAccruals
-90000
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IncreaseDecreaseInAccruedPayrollAndOtherAccruals
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CY2017Q1 cnet Increase Decrease In Prepayment And Deposit To Suppliers
IncreaseDecreaseInPrepaymentAndDepositToSuppliers
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CY2016Q1 cnet Increase Decrease In Prepayment And Deposit To Suppliers
IncreaseDecreaseInPrepaymentAndDepositToSuppliers
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CY2016Q2 cnet Number Of Investors Security Purchase Agreement Terminated
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CY2017Q1 cnet Number Of Largest Internet Resources Suppliers
NumberOfLargestInternetResourcesSuppliers
2
CY2016 cnet Number Of Largest Internet Resources Suppliers
NumberOfLargestInternetResourcesSuppliers
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CY2017Q1 cnet Options Exercisable Granted Vested
OptionsExercisableGrantedVested
CY2017Q1 cnet Options Exercisable Granted Vested Weighted Average Exercise Price
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CY2017Q1 cnet Options Exercisable Granted Vested Weighted Average Remaining Contractual Life
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CY2017Q1 cnet Options Outstanding Granted Vested Weighted Average Remaining Contractual Life
OptionsOutstandingGrantedVestedWeightedAverageRemainingContractualLife
CY2017Q1 cnet Payable For Purchasing Of Software Technology
PayableForPurchasingOfSoftwareTechnology
2850000
CY2017Q1 cnet Payable For Purchasing Of Software Technology
PayableForPurchasingOfSoftwareTechnology
413000
CY2016Q4 cnet Payable For Purchasing Of Software Technology
PayableForPurchasingOfSoftwareTechnology
2850000
CY2016Q4 cnet Payable For Purchasing Of Software Technology
PayableForPurchasingOfSoftwareTechnology
411000
CY2017Q1 cnet Payments To Acquire Equity Cost Method Investments
PaymentsToAcquireEquityCostMethodInvestments
CY2016Q1 cnet Payments To Acquire Equity Cost Method Investments
PaymentsToAcquireEquityCostMethodInvestments
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CY2016Q1 cnet Paymentto Acquire Long Term Assets
PaymenttoAcquireLongTermAssets
1511000
CY2017Q1 cnet Preferential Withholding Tax Rate
PreferentialWithholdingTaxRate
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CY2017Q1 cnet Prepayment And Deposit To Suppliers
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CY2016Q4 cnet Prepayment And Deposit To Suppliers
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CY2017Q1 cnet Profits Assessable
ProfitsAssessable
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CY2017Q1 cnet Repayment For Security Purchase Agreement
RepaymentForSecurityPurchaseAgreement
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TurnoverTaxAndSurchargePayableCurrent
1190000
CY2016Q4 cnet Turnover Tax And Surcharge Payable Current
TurnoverTaxAndSurchargePayableCurrent
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2017Q1 us-gaap Assets
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CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CashAndCashEquivalentsAtCarryingValue
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CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2017Q1 us-gaap Certificates Of Deposit At Carrying Value
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CY2016Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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-1365000
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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-0.09
CY2016Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.12
CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2016Q1 us-gaap Income Tax Expense Benefit
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CY2017Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
CY2016Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
CY2017Q1 us-gaap Increase Decrease In Accounts Payable
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CY2016Q1 us-gaap Increase Decrease In Accounts Payable
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190000
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2017Q1 us-gaap Increase Decrease In Accrued Taxes Payable
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CY2016Q1 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
47000
CY2017Q1 us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
3185000
CY2016Q1 us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
64000
CY2017Q1 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
870000
CY2016Q1 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
19000
CY2017Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
38000
CY2016Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-29000
CY2017Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
44000
CY2016Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-114000
CY2017Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
CY2017Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7001000
CY2016Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-1464000
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7264000
CY2017Q1 us-gaap Interest Expense
InterestExpense
36000
CY2016Q1 us-gaap Interest Expense
InterestExpense
CY2017Q1 us-gaap Interest Paid
InterestPaid
9000
CY2016Q1 us-gaap Interest Paid
InterestPaid
CY2017Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
19000
CY2016Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
27000
CY2017Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
CY2016Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
CY2017Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
98000
CY2016Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
170000
CY2017Q1 us-gaap Liabilities
Liabilities
11272000
CY2016Q4 us-gaap Liabilities
Liabilities
7746000
CY2017Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
32816000
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
30042000
CY2017Q1 us-gaap Liabilities Current
LiabilitiesCurrent
11145000
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
7620000
CY2017Q1 us-gaap Long Term Investments
LongTermInvestments
1348000
CY2016Q4 us-gaap Long Term Investments
LongTermInvestments
1340000
CY2017Q1 us-gaap Minority Interest
MinorityInterest
35000
CY2016Q4 us-gaap Minority Interest
MinorityInterest
54000
CY2017Q1 us-gaap Nature Of Operations
NatureOfOperations
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;"> <tr style="vertical-align: top"> <td style="width: 0.25in"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.</div></td> <td style="text-align: justify">Organization and nature of operations</td> </tr> </table> <div style=" margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></div> <div style=" margin: 0pt 0 0pt 0.25in; font-size: 10pt; text-align: justify">&nbsp;</div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.25in">ChinaNet Online Holdings, Inc. (the &#x201c;Company&#x201d;) was incorporated in the State of Texas in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> April</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2006</div> and re-domiciled to become a Nevada corporation in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> October</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2006.</div> On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">26,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2009,</div> the Company consummated a share exchange transaction with China Net Online Media Group Limited (the &#x201c;Share Exchange&#x201d;), a company organized under the laws of British Virgin Islands (&#x201c;China Net BVI&#x201d;). As a result of the Share Exchange, China Net BVI became a wholly owned subsidiary of the Company and the Company is now a holding company, which, through certain contractual arrangements with operating companies in the People&#x2019;s Republic of China (the &#x201c;PRC&#x201d;), is engaged in providing advertising, precision marketing, online to offline <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(O2O)</div> sales channel expansion and the related data services to small and medium enterprises (&#x201c;SMEs&#x201d;) and entrepreneurial management and networking services for entrepreneurs in the PRC.</div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.25in">&nbsp;</div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.25in">As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017,</div> the Company operated its business primarily in China through its PRC subsidiaries and PRC operating entities, or Variable Interest Entities (&#x201c;VIEs&#x201d;) as discussed in the Company&#x2019;s Annual Report on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K for the fiscal year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016,</div> previously filed with the Securities and Exchange Commission (the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">&#x201c;2016</div> Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K&#x201d;).</div></div>
CY2017Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
CY2016Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-6000
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2204000
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2007000
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
443000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
-1087000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-1411000
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1087000
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1365000
CY2017Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-20000
CY2016Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
15000
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
2321000
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
3012000
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1049000
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1408000
CY2017Q1 us-gaap Other Assets Current
OtherAssetsCurrent
143000
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
95000
CY2017Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
106000
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
112000
CY2017Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
555000
CY2017Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
CY2016Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1394000
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
117000
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
487000
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3000
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-12000
CY2017Q1 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
0
CY2017Q1 us-gaap Profit Loss
ProfitLoss
-1069000
CY2016Q1 us-gaap Profit Loss
ProfitLoss
-1411000
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3566000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3547000
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
423000
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
471000
CY2017Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-29000
CY2016Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
CY2017Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
395000
CY2016Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
426000
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-11449000
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10362000
CY2017Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
19000
CY2016Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
48000
CY2017Q1 us-gaap Revenues
Revenues
7264000
CY2016Q1 us-gaap Revenues
Revenues
5060000
CY2017Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
7245000
CY2016Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
5012000
CY2017Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
834000
CY2016Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
880000
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
211000
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
564000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
676136
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
676136
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.59
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.59
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
835216
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
835216
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.49
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.49
CY2017Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y40D
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y317D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y14D
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y288D
CY2017Q1 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
725000
CY2016Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
721000
CY2017Q1 us-gaap Statutory Accounting Practices Retained Earnings Not Available For Dividends
StatutoryAccountingPracticesRetainedEarningsNotAvailableForDividends
2607000
CY2016Q4 us-gaap Statutory Accounting Practices Retained Earnings Not Available For Dividends
StatutoryAccountingPracticesRetainedEarningsNotAvailableForDividends
2607000
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
21509000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
22242000
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21544000
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22296000
CY2017Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
2963000
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
2910000
CY2017Q1 us-gaap Time Deposits Weighted Average Interest Rate Maturities Year One
TimeDepositsWeightedAverageInterestRateMaturitiesYearOne
0.0225
CY2016Q4 us-gaap Time Deposits Weighted Average Interest Rate Maturities Year One
TimeDepositsWeightedAverageInterestRateMaturitiesYearOne
0.0225
CY2017Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;" cellspacing="0" cellpadding="0"><tr style="vertical-align: top"><td style="width: 6.55pt"></td> <td style="width: 21pt">c)</td> <td style="text-align: justify">Use of estimates</td> </tr> </table> <div style=" margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</div> <div style=" font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0 0pt 27.55pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company continually evaluates these estimates and assumptions based on the most recently available information, historical experience and various other assumptions that the Company believes to be reasonable under the circumstances. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates.</div></div></div></div>
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
11982504
CY2016Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
11342971
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11982504
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11342971

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