China Finance Online reports third-quarter financial results and first nine months of 2020

China Finance Online Co. Limited

UNUDIED CONDENSED CONSOLIDATED BALANCE SHEET

(Thousands of U. S. dollars)

September 30

2020

December 31

2019

Triumphs

Current assets:

Cash and money equivalents

7093

9 600

Prepaid expenses and existing assets

2 851

2 413

Trust balances held on behalf of customers

30 889

36 987

Debtors – margin customers

12 824

13 452

Accounts receivable – other

13 113

12 382

Short-term investments

1 147

Total assets

66 770

75 981

Property and equipment, net

3 446

4 272

Intangible assets acquired, net

75

75

Equity investments without easily determinable equity

1645

1 605

Equal investment, net

783

767

Assets by right of use

2 491

3 988

Rental deposits

775

770

goodwill

109

108

Collateral deposits

219

218

Deferred tax assets

1 277

1 381

Total assets

77 590

89 165

Commitments and equity

Current liabilities:

Existing deferred revenue source (including deferred revenue source, existing source of income from entities with consolidated variable rights without recourse to China Finance Online Co. Limited from $9217 and $8061 to September 30, 2020 and December 31, 2019, respectively)

9 916

8 855

Charges payable and other existing liabilities (including unpaid fees and other existing liabilities of entities with consolidated variable duty appeals to China Finance Online Co. Limited from $5,454 and $5068 to September 30, 2020 and December 31, 2019, respectively)

18 533

17 420

Amount owed to consumers for accepting as true with bank balances held on behalf of customers (including the amount owed to consumers for accepting as true with bank balances held on behalf of customers of entities with rights holders consolidated variables without recourse to China Finance Online Co. Limited from $1082 to $2110 as of September 30, 2020 and December 31, 2019 , respectively)

30 889

36 987

Accounts receivable (including accounts receivable from entities with consolidated variable rights appeal to China Finance Online Co. , with a limit of $407 and $185 as of September 30, 2020 and December 31, 2019, respectively)

5 251

6 741

Rental liabilities, current (including rental liabilities, flows of entities with consolidated variable rights resource to China Finance Online Co. Limited from $820 and $1604 to September 30, 2020 and December 31, 2019, respectively)

2 002

2 243

Income taxes payable (including the source of income taxes payable through entities with consolidated variable duty holders without recourse to China Finance Online Co. Limited from $35 and $44 to September 30, 2020 and December 31, 2019, respectively)

(35)

177

Total responsibility

66 556

72 423

Source of non-current deferred income (including non-current deferred income from entities with consolidated variable rights without recourse to China Finance Online Co. Limited of nothing and nothing to September 30, 2020 and December 31, 2019, respectively)

80

151

Deferred tax liabilities (including deferred tax liabilities of entities with consolidated variable duty holders using China Finance Online Co. Limited from zero to nothing to September 30, 2020 and December 31, 2019, respectively)

14

15

Non-current rental liabilities (including lease liabilities, non-current entities with consolidated variable rights appeal to China Finance Online Co. Limited from $273 and $741 to September 30, 2020 and December 31, 2019, respectively)

225

1 448

Total responsibilities

66 875

74037

Total de China Finance Online Co. Limited

21 033

25 156

Non-majority interest

(10 318)

(10 028)

Total liabilities and equity

77 590

89 165

China Finance Online Co. Limited

CONSOLIDATED COMPREHENSIVE INCOME STATEMENTS WITHOUT AUDITING

(thousands of U. S. dollars, inventory, and ADS data)

Three months ended

Nine months ended

September 30

2020

September 30

2019

June 30

2020

September 30th

2020

September 30

2019

Net Lngresos

10 701

8 051

9 745

30 281

26 833

Cost of income

(3 812)

(3 036)

(3 577)

(11 312)

(9 826)

Gross profit

6 889

5 015

6 168

18 969

17 007

Operating expenses

General and administrative expenses (including share-based repayment expenses of $177, $168, $250, $678, and $763, respectively)

(2223)

(2290)

(2 254)

(6 703)

(7 488)

Product progression (including share-based reimbursement expenses of $30, $8, $34, $91 and $38, respectively)

(2 023)

(2 195)

(1990)

(5 998)

(7 323)

Sales and marketing (includes share-based repayment expenses of $18, $13, $16, $26 and $46, respectively)

(4 509)

(2 816)

(4 120)

(11 965)

(10 245)

Total expenses

(8 755)

(7 301)

(8 364)

(24 666)

(25 056)

Operating loss

(1. 866)

(2 286)

(2 196)

(5 697)

(8 049)

Interest income

you get in

5

8

17

25

Exchange rate (loss), net

(78)

76

6

(104)

TEN

Loss of investment sold and withheld uncontrolled

(298)

Income (losses) from investments

(1)

(1)

(2)

(4)

Another source of income (expenses), net

350

79

242

658

36

Loss tax expenses

(1 590)

(2 127)

(1941)

(5 128)

(8. 280)

Tax expenses

(5)

(108)

243

(181)

(574)

Net loss

(1. 595)

(2 235)

(1 698)

(5 309)

(8 854)

Less: net loss attributable to non-controlling share

(74)

(131)

(209)

(379)

(1 001)

Net loss attributable to China Finance Online Co. Limited

(1. 521)

(2104)

(1,489)

(4 930)

(7853)

Other pieces of total revenue, taxes:

Changes in conversion adjustment

(76)

(189)

15

105

(124)

Other total, tax revenue

(76)

(189)

15

105

(124)

Overall loss

(1. 671)

(2 424)

(1. 683)

(5 204)

(8 978)

Less: loss attributable to minority interests

(74)

(131)

(209)

(379)

(1 001)

Comprehensive source of revenue attributable to China Finance Online Co. Limited

(1. 597)

(2 293)

(1 474)

(4 825)

(7 977)

Net profit (loss) consistent with consistent percentage attributable to China Finance Online Co. Limited

Basic and diluted

(0,01)

(0,02)

(0,01)

(0,04)

(0,07)

Net source of revenue (loss) through ADS attributable to China Finance Online Co. Limited

Basic and diluted

(0,66)

(0,91)

(0,65)

(2,14)

(3,43)

Weighted average non-unusual stock

Basic and diluted

115 060 781

115 060 781

115 060 781

115 060 781

114 561 418

Weighted ADS

Basic and diluted

2 301216

2 301216

2 301216

2 301216

2,291,228

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