2020 Q4 Form 10-K Financial Statement

#000117184321002452 Filed on April 13, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019
Revenue $58.08M
YoY Change 1.63%
Cost Of Revenue $52.58M
YoY Change -3.92%
Gross Profit $5.498M
YoY Change 127.38%
Gross Profit Margin 9.47%
Selling, General & Admin $6.317M
YoY Change -15.28%
% of Gross Profit 114.9%
Research & Development $869.0K
YoY Change -6.86%
% of Gross Profit 15.81%
Depreciation & Amortization $170.0K
YoY Change -68.58%
% of Gross Profit 3.09%
Operating Expenses $7.186M
YoY Change -57.55%
Operating Profit -$1.688M
YoY Change -88.37%
Interest Expense $35.00K
YoY Change -5.41%
% of Operating Profit
Other Income/Expense, Net $467.0K
YoY Change -59.36%
Pretax Income -$1.221M
YoY Change -90.86%
Income Tax $49.00K
% Of Pretax Income
Net Earnings -$1.261M
YoY Change -91.01%
Net Earnings / Revenue -2.17%
Basic Earnings Per Share
Diluted Earnings Per Share -$73.56K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.600M
YoY Change -57.22%
Cash & Equivalents $4.297M $1.603M $1.600M
Short-Term Investments
Other Short-Term Assets $1.462M $11.00K $6.990M
YoY Change 13190.91% -42.11% 220.64%
Inventory
Prepaid Expenses
Receivables $2.407M $3.260M $3.340M
Other Receivables $1.462M $11.00K $0.00
Total Short-Term Assets $12.88M $11.94M $11.94M
YoY Change 7.95% -4.52% -4.48%
LONG-TERM ASSETS
Property, Plant & Equipment $60.00K $78.00K $90.00K
YoY Change -23.08% -45.07% -35.71%
Goodwill
YoY Change
Intangibles $2.557M $1.899M
YoY Change 34.65% 4120.0%
Long-Term Investments $40.00K
YoY Change
Other Assets $710.0K
YoY Change 26.79%
Total Long-Term Assets $7.783M $6.616M $6.610M
YoY Change 17.64% 48.08% 47.87%
TOTAL ASSETS
Total Short-Term Assets $12.88M $11.94M $11.94M
Total Long-Term Assets $7.783M $6.616M $6.610M
Total Assets $20.67M $18.55M $18.55M
YoY Change 11.41% 9.33% 9.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $608.0K $408.0K $410.0K
YoY Change 49.02% -85.78% -85.71%
Accrued Expenses $500.0K
YoY Change -3.85%
Deferred Revenue $1.436M $2.006M
YoY Change -28.41% 89.07%
Short-Term Debt $430.0K
YoY Change -50.57%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.022M $7.013M $7.010M
YoY Change 14.39% -22.47% -22.54%
LONG-TERM LIABILITIES
Long-Term Debt $130.0K
YoY Change 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $130.0K
YoY Change 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.022M $7.013M $7.010M
Total Long-Term Liabilities $130.0K
Total Liabilities $8.188M $7.138M $7.080M
YoY Change 14.71% -22.19% -22.45%
SHAREHOLDERS EQUITY
Retained Earnings -$40.98M -$35.77M
YoY Change 14.56% 3.65%
Common Stock $26.00K $20.00K
YoY Change 30.0% 25.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.55M $11.47M $11.47M
YoY Change
Total Liabilities & Shareholders Equity $20.67M $18.55M $18.55M
YoY Change 11.41% 9.33% 9.31%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$1.261M
YoY Change -91.01%
Depreciation, Depletion And Amortization $170.0K
YoY Change -68.58%
Cash From Operating Activities -$4.311M
YoY Change -20.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$200.0K
YoY Change -92.34%
Cash From Investing Activities -$2.158M
YoY Change -29.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.352M
YoY Change -54.15%
NET CHANGE
Cash From Operating Activities -4.311M
Cash From Investing Activities -2.158M
Cash From Financing Activities 4.352M
Net Change In Cash -2.139M
YoY Change -370.76%
FREE CASH FLOW
Cash From Operating Activities -$4.311M
Capital Expenditures
Free Cash Flow -$4.311M
YoY Change -20.17%

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; min-width: 700px;"> <tr style="vertical-align: top"> <td style="width: 0.25in"><div style="display: inline; font-style: italic; font: inherit;">1.</div></td> <td style="text-align: justify">Organization and nature of operations</td> </tr> </table> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><div style="display: inline;"></div>ZW Data Action Technologies Inc. (f/k/a ChinaNet Online Holdings, Inc.) (the &#x201c;Company&#x201d;) was incorporated in the State of Texas in <div style="display: inline; font-style: italic; font: inherit;"> April 2006 </div>and re-domiciled to become a Nevada corporation in <div style="display: inline; font-style: italic; font: inherit;"> October 2006. </div>On <div style="display: inline; font-style: italic; font: inherit;"> June 26, 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's Republic of China (the &#x201c;PRC&#x201d;), is engaged in providing Internet advertising, precision marketing, e-commerce online to offline (<div style="display: inline; font-style: italic; font: inherit;">O2O</div>) advertising and marketing services as well as the related data and technical services to small and medium enterprises (SMEs) in the PRC. In early <div style="display: inline; font-style: italic; font: inherit;">2018,</div> the Company commenced expansion into the blockchain industry and the related technology. For the years ended <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2020 </div>and <div style="display: inline; font-style: italic; font: inherit;">2019,</div> the Company was in the process of developing its blockchain-powered platform applications (See Note <div style="display: inline; font-style: italic; font: inherit;">11</div>).</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The Company's wholly owned subsidiary, China Net BVI was incorporated in the British Virgin Islands on <div style="display: inline; font-style: italic; font: inherit;"> August 13, 2007. </div>On <div style="display: inline; font-style: italic; font: inherit;"> April 11, 2008, </div>China Net BVI became the parent holding company of a group of companies comprised of CNET Online Technology Co. Limited, a Hong Kong company (&#x201c;China Net HK&#x201d;), which established and is the parent company of Rise King Century Technology Development (Beijing) Co., Ltd., a wholly foreign-owned enterprise (&#x201c;WFOE&#x201d;) established in the PRC (&#x201c;Rise King WFOE&#x201d;). The Company refers to the transactions that resulted in China Net BVI becoming an indirect parent company of Rise King WFOE as the &#x201c;Offshore Restructuring.&#x201d;</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">PRC regulations prohibit direct foreign ownership of business entities providing internet content, or ICP services in the PRC, and used to restrict foreign ownership of business entities engaging in the advertising business, which was subsequently lifted in <div style="display: inline; font-style: italic; font: inherit;"> June 2015. </div>To satisfy PRC laws and regulations, the Company conducts certain business in the PRC through its Variable Interest Entities (&#x201c;VIEs&#x201d;). Through a series of contractual agreements (the &#x201c;Contractual Agreements&#x201d; or &#x201c;VIE Agreements&#x201d;) between Rise King WFOE and Business Opportunity Online (Beijing) Network Technology Co., Ltd. (&#x201c;Business Opportunity Online&#x201d;), Beijing CNET Online Advertising Co., Ltd. (&#x201c;Beijing CNET Online&#x201d;) (collectively the &#x201c;PRC Operating Entities&#x201d; or the &#x201c;VIEs&#x201d;) and its common individual owners (the &#x201c;PRC Shareholders&#x201d; or the &#x201c;Control Group&#x201d;), the Company, through Rise King WFOE, secures significant rights to influence the PRC Operating Entities' business operations, policies and management, approve all matters requiring shareholder approval, and the right to receive the income earned by the PRC Operating Entities. In return, Rise King WFOE provides consulting services to the PRC Operating Entities. In addition, to ensure that the PRC Operating Entities and the PRC Shareholders perform their obligations under the Contractual Arrangements, the PRC Shareholders have pledged all of their equity interests in the PRC Operating Entities to Rise King WFOE. They also entered into an option agreement with Rise King WFOE which provides that at such time as when the restrictions under PRC law on foreign ownership of Chinese companies engaging in the Internet content, information services or advertising business in China are lifted, Rise King WFOE <div style="display: inline; font-style: italic; font: inherit;"> may </div>exercise its option to purchase the equity interests in the PRC Operating Entities, directly.</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Pursuant to the Contractual Agreements, all of the equity owners' rights and obligations of the VIEs were assigned to Rise King WFOE, which resulted in the equity owners lacking the ability to make decisions that have a significant effect on the VIEs, Rise King WFOE's ability to extract the profits from the operation of the VIEs and assume the residual benefits of the VIEs. Due to the fact that Rise King WFOE and its indirect parent are the sole interest holders of the VIEs, the Company included the assets, liabilities, revenues and expenses of the VIEs in its consolidated financial statements, which is consistent with the provisions of FASB Accounting Standards Codification ("ASC") Topic <div style="display: inline; font-style: italic; font: inherit;">810</div> &#x201c;Consolidation&#x201d;, subtopic <div style="display: inline; font-style: italic; font: inherit;">10.</div></div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</div> <!-- Field: Page; Sequence: 81; Value: 9 --> <!-- Field: /Page --> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"></div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">As of <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2020, </div>the Company's consolidated subsidiaries and VIEs are summarized as follows:</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</div> <div> <table cellspacing="0" cellpadding="0" style="; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 0.25in; min-width: 700px;"> <tr style="vertical-align: bottom"> <td style="width: 39%; border-bottom: Black 1pt solid; text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-weight: bold;">Name of the subsidiary or VIE</div></div></td> <td style="width: 2%; text-align: center">&nbsp;</td> <td style="width: 19%; border-bottom: Black 1pt solid; text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-weight: bold;">Place and date of incorporation</div></div></td> <td style="width: 2%; text-align: center">&nbsp;</td> <td style="width: 13%; border-bottom: Black 1pt solid; text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-weight: bold;">Percentage of ownership</div></div></td> <td style="width: 2%; text-align: center">&nbsp;</td> <td style="width: 23%; border-bottom: Black 1pt solid; text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-weight: bold;">Principal&nbsp;activities</div></div></td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: justify">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">China Net Online Media Group Limited (&#x201c;China Net BVI&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(1)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">British Virgin Islands</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">August 13, 2007</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Investment holding company</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">CNET Online Technology Co. Limited (&#x201c;China Net HK&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(1)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Hong Kong, PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">September 4, 2007</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Investment holding company</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">ChinaNet Investment Holding Ltd. (&#x201c;ChinaNet Investment BVI&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(1)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">British Virgin Islands</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">January 12, 2015</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Investment holding company</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Grandon Investments Limited (&#x201c;Grandon BVI&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(1)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">British Virgin Islands</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">February 13, 2006</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Investment holding company, providing technical services</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Winner Glory Limited (&#x201c;Winner Glory HK&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(1)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Hong Kong, PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">August 12, 2020</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Investment holding company, providing technical services</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">Rise King Century Technology Development (Beijing) Co., Ltd. (&#x201c;Rise King WFOE&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(1)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">January 17, 2008</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Investment holding company, providing technical services</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">ChinaNet Online Holdings Co., Ltd. (&#x201c;ChinaNet Online PRC&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(1)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">August 31, 2015</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Investment holding company</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">Business Opportunity Chain (Beijing) Technology Development Co., Ltd.&nbsp;&nbsp;&nbsp;(&#x201c;Business Opportunity Chain Beijing&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(1)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 11, 2018</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">51%</div></div></td> <td>&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Providing research and develop and other technical support services for the blockchain business unit</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">Business Opportunity Online (Beijing) Network Technology Co., Ltd. (&#x201c;Business Opportunity Online&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(2)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">December 8, 2004</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td>&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Providing online advertising, precision marketing and the related data services</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">Beijing CNET Online Advertising Co., Ltd. (&#x201c;Beijing CNET&#x201d; Online) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(2)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">January 27, 2003</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td>&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Providing advertising, marketing and related value-added services</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">Beijing Chuang Fu Tian Xia Network Technology Co., Ltd. (&#x201c;Beijing Chuang Fu Tian Xia&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(2)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">March 1, 2011</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Providing online advertising, precision marketing and the related data services</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">Business Opportunity Online (Hubei) Network Technology Co., Ltd. (&#x201c;Business Opportunity Online Hubei&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(2)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">January 28, 2011</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Providing online advertising, precision marketing and the related data services</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">Beijing Chuang Shi Xin Qi Advertising Media Co., Ltd. (&#x201c;Beijing Chuang Shi Xin Qi&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(2)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">April 16, 2014</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Providing online advertising, precision marketing and the related data services</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">Beijing Shi Ji Cheng Yuan Advertising Media Co., Ltd. (&#x201c;Beijing Shi Ji Cheng Yuan&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(2) (3)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 22, 2014</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Providing online advertising, precision marketing and the related data services</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">Beijing Hong Da Shi Xing Network Technology Co., Ltd. (&#x201c;Beijing Hong Da Shi Xing&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(2)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">April 16, 2014</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Providing online advertising, precision marketing and the related data services</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">ChinaNet Online (Guangdong) Technology Co., Ltd. (&#x201c;ChinaNet Online Guangdong&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(2)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 26, 2020</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">100%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Developing and operating blockchain technology-based products and services, and other related value-added services.</div></div></td> </tr> <tr> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center">&nbsp;</td> <td style="text-align: justify">&nbsp;</td> <td>&nbsp;</td> </tr> <tr> <td><div style="display: inline; font-size: 10pt">Qiweilian (Guangzhou) Technology Co., Ltd. (&#x201c;Qiweilian Guangzhou&#x201d;) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(2) (4)</div></div></td> <td style="text-align: justify">&nbsp;</td> <td> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PRC</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">October 23, 2020</div></td> <td style="text-align: justify">&nbsp;</td> <td style="text-align: center"><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">51%</div></div></td> <td style="text-align: justify">&nbsp;</td> <td><div style="display: inline; font-size: 10pt"><div style="display: inline; font-style: italic; font: inherit;">Providing digital business promotion services.</div></div></td> </tr> </table> </div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; min-width: 700px;"> <tr style="vertical-align: top"> <td style="width: 0.25in"></td> <td style="width: 0.25in">(<div style="display: inline; font-style: italic; font: inherit;">1</div>)</td> <td style="text-align: justify">A direct or indirect subsidiary of the Company.</td> </tr> </table> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; min-width: 700px;"> <tr style="vertical-align: top"> <td style="width: 0.25in"></td> <td style="width: 0.25in">(<div style="display: inline; font-style: italic; font: inherit;">2</div>)</td> <td style="text-align: justify">The Company's consolidated VIE, or a direct or indirect subsidiary of the Company's consolidated VIE.</td> </tr> </table> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; min-width: 700px;"> <tr style="vertical-align: top"> <td style="width: 0.25in"></td> <td style="width: 0.25in">(<div style="display: inline; font-style: italic; font: inherit;">3</div>)</td> <td style="text-align: justify">The Company sold this entity to unrelated parties in <div style="display: inline; font-style: italic; font: inherit;"> January 2021.</div></td> </tr> </table> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; min-width: 700px;"> <tr style="vertical-align: top"> <td style="width: 0.25in"></td> <td style="width: 0.25in">(<div style="display: inline; font-style: italic; font: inherit;">4</div>)</td> <td style="text-align: justify">The Company sold this entity to unrelated parties in <div style="display: inline; font-style: italic; font: inherit;"> March 2021.</div></td> </tr> </table></div>
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5815000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4352000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3472000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2158000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
326000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4311000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-5216000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-1261000
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5000
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-9000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5216000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1261000
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
623000
CY2019 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
467000
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2019 us-gaap Operating Expenses
OperatingExpenses
7186000
CY2020 us-gaap Operating Expenses
OperatingExpenses
6333000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
-1688000
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-5701000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
50000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
32000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
9000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
91000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
48000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12000
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.06
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.06
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y273D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y76D
CY2020Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
23300000
CY2019Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
20300000
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1462000
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
11000
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-380000
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
49000
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
333000
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
221000
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-31000
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000
CY2020Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
1462000
CY2019Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
728000
CY2020Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
1462000
CY2019Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
11000
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
750000
CY2019 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
15000
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1500000
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1962000
CY2020 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
1444000
CY2019 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3
CY2020Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
39000
CY2019Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
CY2020 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
CY2019 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
435000
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3000
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
CY2019 us-gaap Profit Loss
ProfitLoss
-1270000
CY2020 us-gaap Profit Loss
ProfitLoss
-5221000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2320000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3026000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
60000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
78000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
833000
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2335000
CY2020 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
435000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11413000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7794000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
80000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
477240
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
2152000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
393000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
835216
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
755216
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
277976
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.49
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.43
CY2019 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
870000
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
539000
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
869000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-40980000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-35773000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
58080000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
38408000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
47000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10000
CY2020 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
361000
CY2019 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
540000
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
3430000
CY2019Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
3214000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
835216
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
755216
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
277976
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.49
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.43
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
3.08
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
2.10
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y14D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y54D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P332D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y14D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y54D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P332D
CY2020Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
CY2019Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
430000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
138000
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
226000
CY2020Q4 us-gaap Statutory Accounting Practices Retained Earnings Not Available For Dividends
StatutoryAccountingPracticesRetainedEarningsNotAvailableForDividends
2598000
CY2019Q4 us-gaap Statutory Accounting Practices Retained Earnings Not Available For Dividends
StatutoryAccountingPracticesRetainedEarningsNotAvailableForDividends
2607000
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
CY2020 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
545000
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4787000
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4199000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
12545000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
11470000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12479000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2020 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"><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"><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: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; min-width: 700px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: top"><td style="width: 21pt">c)</td> <td style="text-align: justify">Use of estimates</td> </tr> </table> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27.55pt; text-align: justify; text-indent: 0in">&nbsp;</div> <div style=" font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27.55pt; text-align: justify; text-indent: 0in">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 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></div></div></div></div></div></div>
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
920000
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
180000
CY2020Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1505000
CY2020Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
2051000
CY2019Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
107000
CY2018Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
606000
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21602107
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17130335

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