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Document and Entity Information	12 Months Ended
Document and Entity Information	Dec. 31, 2019 shares
Document and Entity Information [Abstract]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity Registrant Name	AIRNET TECHNOLOGY INC.
Entity Central Index Key	0001413745
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	125,664,777
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 958	$ 15,536
Restricted cash	1	3
Accounts receivable, net	8,421	7,938
Prepaid concession fees, net	718	1,813
Other current assets, net	28,796	41,057
Amount due from related parties	27	18
Total current assets	38,921	66,365
Property and equipment, net	13,380	13,466
Prepaid equipment costs, net	30	2,364
Long-term investments, net	43,002	46,271
Long-term deposits, net	854	1,350
Right-of-use assets	1,519	0
TOTAL ASSETS	97,706	129,816
Current liabilities:
Short-term loan	144	6,109
Accounts payable	35,544	39,076
Accrued expenses and other current liabilities	8,544	9,758
Deferred revenue	2,813	1,995
Consideration received from buyer	28,728	21,817
Payable of earnout commitment	21,913	22,188
Amounts due to related parties	3,127	228
Income tax payable	11,833	11,483	$ 12,725
Lease liability, current	902	0
Total current liabilities	113,548	112,654
Non-current liabilities:
Long-term loan	2,586	2,763
Lease liability, non-current	535	0
Total liabilities	116,669	115,417
Equity
Ordinary shares ($0.001 par value; 900,000,000 shares authorized in 2018 and 2019; 127,697,055 shares issued as of December 31, 2018 and 2019; 125,664,777 shares outstanding as of December 31, 2018 and 2019)	128	128
Additional paid-in capital	284,887	284,726
Treasury stock (2,032,278 shares as of December 31, 2018 and 2019)	(2,351)	(2,351)
Accumulated deficits	(293,892)	(262,415)
Accumulated other comprehensive income	31,692	31,311
Total AirNet Technology Inc.'s shareholders' equity	20,464	51,399
Non-controlling interests	(39,427)	(37,000)
Total equity (deficit)	(18,963)	14,399
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$ 97,706	$ 129,816

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
CONSOLIDATED BALANCE SHEETS
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	900,000,000	900,000,000
Common stock, shares issued	127,697,055	127,697,055
Common stock, shares outstanding	125,664,777	125,664,777
Treasury stock, shares	2,032,278	2,032,278

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues	$ 26,225	$ 24,776	$ 24,328
Business tax and other sales tax	(203)	(230)	(569)
Net revenues	26,022	24,546	23,759
Less: Cost of revenues	33,587	32,630	58,967
Gross loss	(7,565)	(8,084)	(35,208)
Operating expenses:
Selling and marketing	4,445	7,492	12,747
General and administrative	20,208	31,502	62,818
Research and development	1,157	1,110	689
Impairment of fixed assets, prepaid equipment cost and intangible assets	0	564	67,342
Total operating expenses	25,810	40,668	143,596
Loss from operations	(33,375)	(48,752)	(178,804)
Other income (expenses):
Interest income (expense), net	(436)	(106)	2,645
Loss from and impairment on long-term investments	(2,703)	(52,337)	(2,603)
Other income, net	3,301	7,926	214
Total other income (expense)	162	(44,517)	256
Loss before income tax	(33,213)	(93,269)	(178,548)
Income tax expense	691	150	633
Net loss	(33,904)	(93,419)	(179,181)
Less: Net loss attributable to non-controlling interests	(2,427)	(3,322)	(22,705)
Net loss attributable to AirNet Technology Inc.'s shareholders	$ (31,477)	$ (90,097)	$ (156,476)
Net loss per ordinary share
Basic and diluted	$ (0.25)	$ (0.72)	$ (1.25)
Weighted average shares used in calculating net loss per ordinary share
Basic and diluted	125,664,777	125,653,175	125,629,779
American Depositary Shares [Member]
Net loss per ordinary share
Basic and diluted	$ (2.50)	$ (7.17)	$ (12.46)
Weighted average shares used in calculating net loss per ordinary share
Basic and diluted	12,566,478	12,565,318	12,562,978

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Consolidated Statements Of Comprehensive Loss Income
Net loss	$ (33,904)	$ (93,419)	$ (179,181)
Other comprehensive income (loss), net of tax of nil:
Foreign currency translation adjustment	381	(2,974)	35,716
Comprehensive loss	(33,523)	(96,393)	(143,465)
Less: comprehensive loss attributable to non-controlling interests	(2,427)	(2,156)	(22,732)
Comprehensive loss attributable to AirNet Technology Inc.'s shareholders	$ (31,096)	$ (94,237)	$ (120,733)

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	$ 0	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury stock [Member]	Accumulated deficits [Member]	Accumulated other comprehensive income (loss)[Member]	Total AirNet Technology Inc.'s shareholders' equity [Member]	Non-controlling interests[Member]	Total
Beginning Balance at Dec. 31, 2016	$ 128,000	$ 287,094,000	$ (2,351,000)	$ (15,842,000)	$ (292,000)	$ 268,737,000	$ (2,140,000)	$ 266,597,000
Beginning Balance, shares at Dec. 31, 2016	125,629,779
Share-based compensation	$ 0	343,000	0	0	0	343,000	0	343,000
Capital contribution from non-controlling interests		716,000				716,000	1,147,000	1,863,000
Disposal of Hainan Jinhui							(245,000)	(245,000)
Foreign currency translation adjustment	0	0	0	0	35,743,000	35,743,000	(27,000)	35,716,000
Net loss	0	0	0	(156,476,000)	0	(156,476,000)	(22,705,000)	(179,181,000)
Acquisition of additional equity interest in a subsidiary from the non-controlling interest		(1,414,000)				(1,414,000)		(1,414,000)
Ending Balance at Dec. 31, 2017	$ 128,000	286,739,000	(2,351,000)	(172,318,000)	35,451,000	147,649,000	(23,970,000)	123,679,000
Ending Balance, shares at Dec. 31, 2017	125,629,779
Share issued to Ascent Investor Relations LLC	$ 30	18,000	0	0	0	18,000	0	18,000
Share issued to Ascent Investor Relations LLC,Shares	34,998,000
Share-based compensation	$ 0	45,000	0	0	0	45,000	0	45,000
Capital withdraw from non-controlling interests	0	1,131,000	0	0	0	1,131,000	9,055,000	10,186,000
Subscription receivables from NCI							(1,969,000)	(1,969,000)
Foreign currency translation adjustment	0	0	0	0	(4,140,000)	(4,140,000)	1,166,000	(2,974,000)
Net loss	0	0	0	(90,097,000)	0	(90,097,000)	(3,322,000)	(93,419,000)
Acquisition of additional equity interest in a subsidiary from the non-controlling interest	0	(945,000)	0	0	0	(945,000)	150,000	(795,000)
Ending Balance at Dec. 31, 2018	$ 128,000	284,726,000	(2,351,000)	(262,415,000)	31,311,000	51,399,000	(37,000,000)	14,399,000
Ending Balance, shares at Dec. 31, 2018	125,664,777
Share-based compensation		161,000				161,000		161,000
Foreign currency translation adjustment	$ 0	0	0	0	381,000	381,000	0	381,000
Net loss	0	0	0	(31,477,000)	0	(31,477,000)	(2,427,000)	(33,904,000)
Ending Balance at Dec. 31, 2019	$ 128,000	$ 284,887,000	$ (2,351,000)	$ (293,892,000)	$ 31,692,000	$ 20,464,000	$ (39,427,000)	$ (18,963,000)
Ending Balance, shares at Dec. 31, 2019	125,664,777

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (33,904)	$ (93,419)	$ (179,181)
Adjustments to reconcile net loss to net cash used in operating activities:
Bad debt provisions	7,184	11,912	37,255
Depreciation and amortization	1,018	1,560	12,048
Amortization of right-of-use asset	860	0	0
Impairment of fixed assets, prepaid equipment cost and intangible assets	0	564	67,342
Share-based compensation	161	45	343
Loss from and impairment on long-term investments	2,703	52,337	2,603
Loss on disposal of property and equipment	89	0	417
Impairment loss on inventory	322	657	0
Cost of non-deductible input VAT that generated in prior years	10,998	0	0
Gain on fair value change of earn-out provision	0	(1,653)	0
Other income on concession payable waived	(4,053)	(12,318)	0
Write off of long-term deposit not refundable	0	359	0
Changes in assets and liabilities
Accounts receivable	(608)	1,361	(1,874)
Prepaid concession fees	500	5,056	1,656
Other current assets	(2,462)	4,541	(821)
Long-term deposits	121	4,171	789
Other non-current assets	0	1,210	1,304
Amount due from related parties	(10)	934	(1,310)
Accounts payable	1,866	7,751	4,491
Accrued expenses and other current liabilities	(134)	(3,693)	(920)
Deferred revenue	850	757	(525)
Amount due to related parties	30	0	0
Income tax payable	496	(1,515)	(1,712)
Operating lease liabilities	(943)	0	0
Other noncurrent liabilities	0	(391)	(475)
Net cash used in operating activities	(14,916)	(19,774)	(58,570)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(2,805)	(3,616)	(7,170)
Acquisition of equity interests from non-controlling shareholders	0	(302)	(1,414)
Proceeds from disposal of equity investment	7,245	22,640	1,502
Loan to third parties	0	0	(29,825)
Collection of loan to third parties	0	1,374	7,190
Purchase of long-term investment	0	0	(17,449)
Net cash (used in) provided by investing activities	4,440	20,096	(47,166)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from short-term loan	5,941	6,339	0
Cash repaid for short-term loan	(11,882)	0	0
Cash received from long-term loan	0	2,868	0
Cash repaid for long-term loan	(145)	0	0
Cash received from loan due to related parties	2,898	0	0
Capital contribution from non-controlling interest	0	0	874
Capital withdraw by non-controlling shareholder	(1,135)	(10,902)	0
Net cash provided by (used in) financing activities	(4,323)	(1,695)	874
Effect of exchange rate changes	219	(1,560)	5,787
Net decrease in cash, cash equivalents and restricted cash	(14,580)	(2,933)	(99,075)
Cash, cash equivalents and restricted cash, at beginning of year	15,539	18,472	117,547
Cash, cash equivalents and restricted cash, at end of year	959	15,539	18,472
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Income tax paid	194	1,665	1,601
Interests paid	513	2,443	0
Fair value of property, equipment and other assets acquired in exchange of advertising services rendered and subsidiary's equity transferred	0	0	169
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:
Payable for purchase of property and equipment	(462)	103	3,569
Payable of acquisition of non-controlling interests	0	524	0
Receivable of capital contribution from non-controlling interest	0	0	989
Payable of capital withdraw from non-controlling interest	0	758	0
Recognition of Right-of-use and Lease payment liability	$ 2,308	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CASH FLOWS (Additional information) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
CONSOLIDATED STATEMENTS OF CASH FLOWS
Cash and cash equivalents	$ 958	$ 15,536	$ 15,355
Restricted cash	1	3	3,117
Total cash, cash equivalents and restricted cash	$ 959	$ 15,539	$ 18,472	$ 117,547

ORGANIZATION AND PRINCIPAL ACTIVITIES

12 Months Ended

Dec. 31, 2019

ORGANIZATION AND PRINCIPAL ACTIVITIES

ORGANIZATION AND PRINCIPAL ACTIVITIES

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

Introduction of the Group

AirNet Technology Inc. (Formerly known as “AirMedia Group Inc.”) ("AirNet" or the "Company") was incorporated in the Cayman Islands on April 12, 2007.

AirNet, its subsidiaries, its variable interest entities ("VIEs") and VIEs’ subsidiaries (collectively the "Group") operate its out-of-home advertising network, primarily air travel advertising network, in the People’s Republic of China (the "PRC").

The Group provides advertising time slots in the form of digital TV screens on airplanes, TV-attached digital frames in airports, digital TV screens in airports, and media contents display in air travel. Collaborating with the Group’s partners, AirNet serves airline travelers with interactive entertainment and a coverage of breaking news, and furnishes corporate clients with advertisements tailored to the perceptions of the travelers.

The Group started gas station media network and explored the on train and long-haul bus Wi-Fi business in 2009 and 2015, respectively. The Group obtained concession rights to develop and operate an outdoor advertising network in Sinopec gas stations throughout China to play advertisements on outdoor advertising platforms such as LED screens, billboards and light boxes at Sinopec gas stations and several concession rights from railway administration bureaus, long-haul bus operators in China to install and operate the Group’s Wi-Fi systems to provide Wi-Fi connections to passengers to improve travelers’ experience. In view of the underperformance of recent years ascribed to the wide spread of affordable 4G or 5G technology, to achieve the resources realignment for the focused development of the in-flight media and connectivity business, the Group ceased operations of Wi-Fi service on long-haul buses and gas station media services in 2018, and ceased operations in providing Wi-Fi services on trains in 2019. These disposals do not represent a strategic shift on the Group’s advertising business which have no major effect on the Group’s results of operations respectively. Accordingly, assets and liabilities, revenues and expenses, and cash flows related to the disposed entities is not required to be reclassified in the accompanying consolidated financial statements as discontinued operations for all periods presented.

As of issuance date of this report, details of the Company’s subsidiaries, VIEs and VIEs’ subsidiaries are as follows:


	Date of		Percentage
	incorporation/	Place of	of legal
Name	acquisition	incorporation	ownership

Intermediate Holding Company:
Broad Cosmos Enterprises Ltd. (“Broad Cosmos”)	June 26, 2006	British Virgin Islands ("BVI")	100	%
AirNet International Limited (Formerly AirMedia International Limited) ("AirNet International")	July 14, 2007	BVI	100	%
AirNet (China) Limited (Formerly AirMedia (China) Limited) ("AN China")	August 5, 2005	Hong Kong	100	%
Subsidiaries:
Yuehang Chuangyi Technology (Beijing) Co., Ltd. (Formerly AirMedia Technology (Beijing) Co., Ltd.) ("Chuangyi Technology")	September 19, 2005	the PRC	100	%
Shenzhen Yuehang Information Technology Co., Ltd. (Formerly Shenzhen AirMedia Information Technology Co., Ltd.) ("Shenzhen Yuehang")	June 6, 2006	the PRC	100	%
Xi’an Shengshi Dinghong Information Technology Co., Ltd. (Formerly Xi’an AirMedia Chuangyi Technology Co., Ltd.) ("Xi’an Shengshi")	December 31, 2007	the PRC	100	%
VIEs:
Beijing Linghang Shengshi Advertising Co., Ltd. (Formerly Beijing AirMedia Shengshi Advertising Co., Ltd.) ("Linghang Shengshi ")	August 7, 2005	the PRC	N/A
Wangfan Tianxia Network Technology Co., Ltd.(“Iwanfan”)	May 6, 2016	the PRC	N/A
Yuehang Sunshine Network Technology Group Co., Ltd. (Formerly AirMedia Online Network Technology Co., Ltd.) ("AirNet Online")	April 30, 2015	the PRC	N/A
VIEs’ subsidiaries:
Beijing Yuehang Digital Media Advertising Co., Ltd. ("Beijing Yuehang")	January 16, 2008	the PRC	N/A
Beijing AirNet Pictures Co., Ltd. (Formerly Beijing AirMedia Film & TV Culture Co., Ltd.) ("AirNet Pictures")	September 13, 2007	the PRC	N/A
Wenzhou Yuehang Advertising Co., Ltd. (Formerly Wenzhou AirMedia Advertising Co., Ltd.) ("Wenzhou Yuehang")	October 17, 2008	the PRC	N/A
Beijing Dongding Gongyi Advertising Co., Ltd. ("Dongding")	February 1, 2010	the PRC	N/A
Beijing GreatView Media Advertising Co., Ltd. (Formerly Beijing Weimei Shengjing Media Advertising Co., Ltd.) ("GreatView Media")	April 28, 2011	the PRC	N/A
Guangzhou Meizheng Online Network Technology Co., Ltd. (Formerly Guangzhou Meizheng Advertising Co., Ltd.) ("Guangzhou Meizheng")	May 17, 2013	the PRC	N/A
Air Esurfing Information Technology Co., Ltd. (Formerly Beijing AirMedia Tianyi Information Technology Co., Ltd.) ("Air Esurfing")	September 25, 2013	the PRC	N/A
Wangfan Linghang Mobile Network Technology Co., Ltd. (Formerly AirMedia Mobile Network Technology Co., Ltd. ("Linghang")	April 23, 2015	the PRC	N/A
AirMedia Henglong Mobile Network Technology Co., Ltd. ("AMHL Mobile")	April 27, 2015	the PRC	N/A
Beijing Wangfan Jiaming Pictures Co., Ltd. (Formerly Beijing AirMedia Jiaming Film & TV Culture Co., Ltd.) ("Wangfan Jiaming")	December 31, 2015	the PRC	N/A
Meizheng Network Information Technology Co., Ltd. (“Meizheng Network”)	August 8, 2016	the PRC	N/A
Beijing Wangfan Jiaming Advertising Co.,Ltd. (Formerly Beijing AirMedia Jiaming Advertising Co., Ltd.) ("Jiaming Advertising")	January 1, 2007	the PRC	N/A
Shandong Airmedia Cheweishi Network Technology Co., Ltd. (Formerly Shandong Airmedia Car Safety Technology Co.,Ltd.) (“Shangdong Cheweishi”)	July 21, 2016	the PRC	N/A
Dingsheng Ruizhi (Beijing) Investment Consulting Co., Ltd. (“Dingsheng Ruizhi”)	May 25, 2016	the PRC	N/A
Yuehang Zhongying E-commerce Co., Ltd. (“Zhongying”)	May 17, 2018	the PRC	N/A
Beijing Airport United Culture Media Co., Ltd. (“Airport United”)	June 19, 2018	the PRC	N/A
Yuehang Sunshine (Beijing) Asset Management Co., Ltd. (“Yuehang Asset”)	January 18, 2019	the PRC	N/A

The VIE arrangements

Chinese regulations currently limit foreign ownership of companies that provide advertising services, including out-of-home television advertising services. Since December 30, 2005, foreign investors have been permitted to own directly 100% interest in PRC advertising companies if the foreign investor has at least three years of direct operations of advertising business outside of the PRC.

One of the Company’s subsidiary, AN China, the 100% shareholder of Chuangyi Technology, Shenzhen Yuehang, and Xi’an Shengshi, has been engaged in the advertising business in Hong Kong since September 2008.

The Group conducts substantially all of its activities through VIEs, i.e. Linghang Shengshi, Iwanfan and AirNet Online, and the VIEs' subsidiaries. The VIEs have entered into the following series of agreements with Chuangyi Technology:

Technology support and service agreement: Chuangyi Technology provides exclusive technology support and consulting services to the VIEs and in return, the VIEs are required to pay Chuangyi Technology service fees. The VIEs pay to Chuangyi Technology annual service fees in the amount that guarantee that the VIEs can achieve, after deducting such service fees payable to Chuangyi Technology, a net cost-plus rate of no less than 0.5% in the case of Linghang Shengshi, and Jiaming Advertising, or 1.0% in the case of Beijing Yuehang, which final rate should be determined by Chuangyi Technology. The "net cost-plus rate" refers to the operating profit as a percentage of total costs and expenses of a certain entity. The technology support and service fees for each given year payable by AirNet Online to Chuangyi Technology under AirNet Online’s technology support and service agreement shall be determined by AirNet Online and Chuangyi Technology at the first month of such year taking into account several factors. Those factors include the credential of the team of Chuangyi Technology that provides services to AirNet Online, the number of service hours, the nature and value of the services provided by Chuangyi Technology, the extent to which Chuangyi Technology provides patent or other license to AirNet Online in its provision of technology support and service and the correlation between AirNet Online’s results of operations and the technology support and service provided by Chuangyi Technology. In the event Chuangyi Technology finds it necessary to make subsequent adjustment to the amount of fees, AirNet Online shall negotiate in good faith with Chuangyi Technology to determine the new fee. The technology support and service agreements are effective for ten years and such term is automatically renewed upon its expiry unless either party informs the other party of its intention of no extension at least twenty days prior to the expiration of the agreements.

Technology development agreement: VIEs exclusively engaged Chuangyi Technology to provide technology development services. Chuangyi Technology owns the intellectual property rights developed in the performance of these agreements. Except for AirNet Online, the VIEs pay to Chuangyi Technology annual service fees in the amount that guarantee that the VIEs can achieve, after deducting such service fees payable to Chuangyi Technology, a net cost-plus rate of no less than 0.5% in the case of Linghang Shengshi, and Jiaming Advertising, which final rate should be determined by Chuangyi Technology. It is at Chuangyi Technology's sole discretion that the rate and amount of fees ultimately charged the VIEs under these agreements are determined. The "net cost-plus rate" refers to the operating profit as a percentage of total costs and expenses of a certain entity. The technology development fees for each given year payable by AirNet Online to Chuangyi Technology under AirNet Online’s technology development agreement shall be determined by AirNet Online and Chuangyi Technology at the first month of such year taking into account several factors. Those factors include the credential of the team of Chuangyi Technology that provides services to AirNet Online, the number of service hours, the nature and value of the services provided by Chuangyi Technology, the extent to which Chuangyi Technology provides patent or other license to AirNet Online in its provision of technology development service and the correlation between AirNet Online’s results of operations and the technology development service provided by Chuangyi Technology. In the event Chuangyi Technology finds it necessary to make subsequent adjustment to the amount of fees, AirNet Online shall negotiate in good faith with Chuangyi Technology to determine the new fee. The technology development agreements are effective for ten years and such terms is automatically renewed upon its expiry unless either party informs the other party of its intention of no extension at least twenty days prior to the expiration of the agreements.

Exclusive Technology Consultation and Service Agreement: AirNet Online exclusively engages Chuangyi Technology to provide consultation services in relation to management, training, marketing and promotion. AirNet Online agrees to pay to Chuangyi Technology the amount of annual service fees as determined by Chuangyi Technology. In the event Chuangyi Technology finds it necessary to make subsequent adjustment to the amount of fees, AirNet Online shall negotiate in good faith with Chuangyi Technology to determine the new fees. The exclusive technology consultation and service agreement remains effective for ten years and such term may be reviewed by Chuangyi Technology’s written confirmation prior to the expiration of the agreement term.

Call option agreement : Under the call option agreements between Chuangyi Technology and the shareholders of Linghang Shengshi, Beijing Yuehang and Jiaming Advertising, the shareholders of those VIEs irrevocably granted Chuangyi Technology or its designated third party an exclusive option to purchase from the VIEs' shareholders, to the extent permitted under PRC law, all the equity interests in the VIEs, as the case may be, for the minimum amount of consideration permitted by the applicable law without any other conditions. Under the call option agreements between Chuangyi Technology and the shareholders of AirNet Online, the shareholders of AirNet Online irrevocably granted Chuangyi Technology or its designated third party an exclusive option to purchase from the shareholders of AirNet Online, to the extent permitted under PRC law, all the equity interests in AirNet Online, as the case may be. To the extent the applicable PRC law does not require the valuation of the subject equity interests and does not otherwise restrict the purchase price for such equity interests, such purchase price shall equal the amount of actual payment made by the respective shareholders of AirNet Online with respect to the equity interests whether in the form or share capital injection or secondary purchase price. If and where the applicable PRC law requires the valuation of the subject equity interests or otherwise has restrictions on the purchase price for such equity interests, such purchase price shall equal the minimum amount of consideration permitted by the applicable law. In addition, under these agreements (except for the call option agreements between Chuangyi Technology and the shareholders of AirNet Online), Chuangyi Technology has undertaken to act as guarantor of VIEs in all operations-related contracts, agreements and transactions and commit to provide loans to support the business development needs of VIEs or if the VIEs suffer operating difficulties, provided that the relevant VIE's shareholders satisfy the terms and conditions in the call option agreements. Under PRC laws, to provide an effective guarantee, a guarantor needs to execute a specific written agreement with the beneficiary of the guarantee. As Chuangyi Technology has not entered into any written guarantee agreements with any third-party beneficiaries to guarantee the VIEs' performance obligations to these third parties, none of these third parties can demand performance from Chuangyi Technology as a guarantor of the VIEs' performance obligations. The absence of a written guarantee agreement, however, does not affect the conclusion that the Group is the primary beneficiary of the VIEs and in turn should consolidate the financials of the VIEs. The term of each call option agreement is ten years and such terms can be renewed upon expiration at Chuangyi Technology's sole discretion.

Equity pledge agreement: Under the equity pledge agreements between Chuangyi Technology and the shareholders of the Group’s VIEs other than AirNet Online, the shareholders of those VIEs pledged all of their equity interests, including the right to receive declared dividends, in those VIEs to Chuangyi Technology to guarantee those VIEs' performance of their obligations under the technology support and service agreement and the technology development agreement. Under the equity pledge agreements between Chuangyi Technology and the shareholders of AirNet Online, the shareholders of AirNet Online pledged all of their equity interests, including the right to receive declared dividends, in AirNet Online to Chuangyi Technology to guarantee the performance by AirNet Online of its obligations under its call option agreement and its exclusive technology consultation and service agreement. If the VIEs fail to perform their obligations set forth in the applicable agreements, Chuangyi Technology shall be entitled to exercise all the remedies and powers set forth in the provisions of the applicable equity pledge agreements. Those agreements remain effective for as long as the technology support and service agreements and technology development agreement are effective, or, in the case of AirNet Online, until two years after the term of the obligations under the call option agreement and exclusive technology consultation and service agreement.

Authorization letter: Each shareholder of the VIEs has executed an authorization letter to authorize Chuangyi Technology to exercise certain of its rights, including voting rights, the rights to enter into legal documents and the rights to transfer any or all of its equity interest in the VIEs. The authorization letters by the shareholders of the Group’s VIEs other than AirNet Online will remain effective during the operating periods of the respective VIEs. Such authorization is effective for ten years and such term is renewed upon its expiry at Chuangyi Technology's sole discretion. The authorization letters by the shareholders of AirNet Online will remain effective for as long as the respective parties remain shareholders of AirNet Online unless terminated earlier by Chuangyi Technology or the call option agreement with respect to AirNet Online is terminated prior to its expiration.

Through the above contractual arrangements, Chuangyi Technology has obtained 100% of shareholders' voting interest in the VIEs, has the right to receive all dividends declared and paid by the VIEs and may receive substantially all of the net income of the VIEs through the technical support and service fees as determined by Chuangyi Technology at its sole discretion. Accordingly, the Group has consolidated the VIEs because the Group believes, through the contractual arrangements, (1) Chuangyi Technology could direct the activities of the VIEs that most significantly affect its economic performance and (2) Chuangyi Technology could receive substantially all of the benefits that could be potentially significant to the VIEs. Other than the contractual arrangements described above, because the management and certain employees of Chuangyi Technology also serve in the VIEs as management or employees, certain operating costs paid by Chuangyi Technology, such as payroll costs and office rental, were re-charged to the VIEs.

The VIE arrangements - continued

Chuangyi Technology also entered into loan agreements with each shareholder of AirNet Online, pursuant to which Chuangyi Technology permits to make loans in an aggregate amount of RMB 50,000 to the shareholders of AirNet Online solely for the incorporation and capitalization of AirNet Online. The loan is interest free and the term of the loan is ten years and shall be automatically renewed on an annual basis unless Chuangyi Technology objects. Chuangyi Technology can require the shareholders to repay all or a portion of the loan before the maturity date with a 15 days prior written notice. Under such circumstances, Chuangyi Technology is entitled to, or designate a third party to, buy all or a portion of the shareholders' equity interests in AirNet Online on a pro rata basis based on the amount of the repaid principal of the loan.

Risks in relation to the VIE structure

The Group believes that the VIE arrangements are in compliance with PRC law and are legally enforceable. The shareholders of the VIEs are also shareholders of the Group and therefore have no current interest in seeking to act contrary to the contractual arrangements. However, uncertainties in the PRC legal system could limit the Group’s ability to enforce these contractual arrangements and if the shareholders of the VIEs were to reduce their interest in the Group, their interests may diverge from that of the Group and that may potentially increase the risk that they would seek to act contrary to the contractual terms, for example by influencing the VIEs not to pay the service fees when required to do so.

The Group’s ability to control the VIEs also depends on the authorization letters that Chuangyi Technology has to vote on all matters requiring shareholder approval in the VIEs. As noted above, the Group believes the rights granted by the authorization letters is legally enforceable but may not be as effective as direct equity ownership.

In addition, if the legal structure and contractual arrangements were found to be in violation of any existing PRC laws and regulations, the PRC government could:

revoke the business and operating licenses of the Group’s PRC subsidiaries and affiliates;

discontinue or restricting the Group’s PRC subsidiaries’ and affiliates’ operations;

impose conditions or requirements with which the Group or its PRC subsidiaries and affiliates may not be able to comply; or

require the Group or its PRC subsidiaries and affiliates to restructure the relevant ownership structure or operations;

The imposition of any of these penalties may result in a material and adverse effect on the Group’s ability to conduct the Group’s business. In addition, if the imposition of any of these penalties causes the Group to lose the rights to direct the activities of the VIEs and its subsidiaries or the right to receive their economic benefits, the Group would no longer be able to consolidate the VIEs. The Group does not believe that any penalties imposed or actions taken by the PRC Government would result in the liquidation of the Group, Chuangyi Technology, or the VIEs.

Certain shareholders of VIEs are also beneficial owners or directors of the Company. In addition, certain beneficial owners and directors of the Company are also directors or officers of VIEs. Their interests as beneficial owners of VIEs may differ from the interests of the Company as a whole. The Company cannot be certain that if conflicts of interest arise, these parties will act in the best interests of the Company or that conflicts of interests will be resolved in the Company’s favor. Currently, the Company does not have existing arrangements to address potential conflicts of interest these parties may encounter in their capacity as beneficial owners of VIEs, on the one hand, and as beneficial owners of the Company, on the other hand. The Company believes the shareholders of VIEs will not act contrary to any of the contractual arrangements and the exclusive purchase right contract provides the Company with a mechanism to remove them as shareholders of VIEs should they act to the detriment of the Company. If any conflict of interest or dispute between the Company and the shareholders of VIEs arises and the Company is unable to resolve it, the Company would have to rely on legal proceedings in the PRC. Such legal proceedings could result in disruption of its business; moreover, there is substantial uncertainty as to the ultimate outcome of any such legal proceedings.

The following financial statement information for AirNet’s VIEs were included in the accompanying consolidated financial statements, presented net of intercompany eliminations, as of and for the years ended December 31:


	As of December 31,
	2018		2019

Total current assets	$	53,573	$	38,697
Total non-current assets		60,375		58,603

Total assets		113,948		97,300

Total current liabilities		99,895		107,563
Total non-current liabilities		2,763		3,121

Total liabilities	$	102,658	$	110,684


	For the years ended December 31,
	2017		2018		2019

Net revenues	$	23,759	$	24,546	$	26,022
Net loss		(173,516)		(86,344)		(30,972)
Net cash used in operating activities		(57,474)		(19,100)		(14,813)
Net cash (used in) provided by investing activities		(47,149)		20,113		4,440
Net cash provided by (used in) financing activities		874		(1,695)		(4,323)

The VIEs contributed an aggregate of 100.0%, 100.0% and 100.0% of the consolidated net revenues for the years ended December 31, 2017, 2018 and 2019, respectively. As of December 31, 2018 and 2019, the VIEs accounted for an aggregate of 87.8% and 99.6%, respectively, of the consolidated total assets, and 88.9% and 94.9%, respectively, of the consolidated total liabilities.

There are no consolidated VIEs’ assets that are collateral for the VIEs’ obligations and can only be used to settle the VIEs’ obligations. There are no creditors (or beneficial interest holders) of the VIEs that have recourse to the general credit of the Company or any of its consolidated subsidiaries. There are no terms in any arrangements, considering both explicit arrangements and implicit variable interests, which require the Company or its subsidiaries to provide financial support to the VIEs. However, if the VIEs ever need financial support, the Company or its subsidiaries may, at its option and subject to statutory limits and restrictions, provide financial support to its VIEs through loans to the shareholder of the VIEs or entrustment loans to the VIEs.

On December 23, 2018, the State Council submitted the draft version of the Foreign Investment Law to the Standing Committee of the National People’s Congress, which was promulgated by the National People’s Congress on its official site on December 26, 2018 for public consultation until February 24, 2019. On March 15, 2019, the National People’s Congress approved the Foreign Investment Law, which On December 23, 2018, the PRC State Council submitted the draft version of the Foreign Investment Law to the Standing Committee of the National People’s Congress, which was promulgated by the National People’s Congress on its official site on December 26, 2018 for public consultation until February 24, 2019. On March 15, 2019, the National People’s Congress approved the Foreign Investment Law, which came into effect on January 1, 2020 and replaced the trio of existing laws regulating foreign investment in China, namely, the Sino-foreign Equity Joint Venture Enterprise Law, the Sino-foreign Cooperative Joint Venture Enterprise Law and the Wholly Foreign-invested Enterprise Law, together with their implementation rules and ancillary regulations.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of presentation

The consolidated financial statements of the Group have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP").

(b) Going concern

The Group incurred operating losses and had negative operating cash flows for the year ended December 31, 2019 and may continue to generate negative cash flows as the Group implements its business plan for 2020. There can be no assurance that the continuing efforts to execute the business plan will be successful and that the Group will be able to continue as a going concern.

The Group incurred losses from operations of $48,752 and $33,375 for the years ended December 31, 2018 and 2019. The Group had negative cash flows from operating activities for the years ended December 31, 2018 and 2019, the net cash used in operating activities was $19,774 and $14,916 for the years ended December 31, 2018 and 2019. These conditions raise substantial doubt about the Group’s ability to continue as a going concern.

The Group intends to meet the cash requirements for the next 12 months from the issuance date of this report through a combination of bank loan, financing by way of private placements, friends, family and business associates and management financial support. The Group will focus on the following activities:

1. The Group plans to strengthen the air travel media network business to drive its revenues and bring in cash from operation;

2. The Group is focusing on improving operation efficiency and cost reduction to standardize operations, enhance internal controls, and create synergy of the Company’s resources;

3. The Group has also acquired the financial support letter from Mr. Man Guo, CEO and the principle shareholder of the Group, and his spouse, Mrs. Dan Shao who have expressed the willingness and intention to provide the necessary financial support to the Group, so as to enable the Group to meet its liabilities as and when it falls due and to carry on its business without a significant curtailment of operations for the next 12 months from the issuance date of this report.

As a result, management prepared the consolidated financial statements assuming the Company will continue as a going concern. As described above, the Group has a significant working capital deficiency, has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Group's ability to continue as a going concern. Management’s plans in regard to these matters are also described above. However, there is no assurance that the measures above can be achieved as planned. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The consolidated financial statements include the financial statements of the Company, its subsidiaries, its VIEs and its VIEs’ subsidiaries. All inter-company transactions and balances have been eliminated upon consolidation.

(d) Discontinued operations

A disposal of a component of an entity or a group of components of an entity shall be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations. Classification as a discontinued operation occurs upon disposal or when the operation meets the criteria to be classified as held for sale, if earlier. Where an operation is classified as discontinued, a single amount is presented on the face of the consolidated statements of operations. The amount of total current assets, total non-current assets, total current liabilities and total non-current liabilities are presented separately on the consolidated balance sheets. In 2019, the group ceased on-train Wi-Fi business. As this business has no major effect on the Group’s financial positions, operation and financial result, the cease of these businesses does not qualify as discontinued operations.

(e) Use of estimates

The preparation of financial statements in conformity with US GAAP requires to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period and accompanying notes, including allowance for doubtful accounts, the useful lives of property and equipment, impairment of long-term investments, impairment of long-lived assets, share-based compensation and valuation allowance for deferred tax assets. Actual results could differ from those estimates.

(f) Significant risks and uncertainties

The Group participates in a dynamic industry and believes that changes in any of the following areas could have a material adverse effect on the Group’s future financial position, results of operations, or cash flows: net losses in the past and futures; failure in launching new business; a significant or prolonged economic downturn; contraction in the air travel advertising industry in China; competition from other competitors; regulatory or other PRC related factors; fluctuations in the demand for air travel; past and future acquisitions; failure to maintain an effective system of internal control over financial reporting and effective disclosure controls and procedures; risks associated with the Group’s ability to attract and retain employees necessary to support its growth; risks associated with the Group’s growth strategies; and general risks associated with the industry.

(g) Fair value

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.

Authoritative literature provides a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

(h) Fair value of financial instruments

The Group’s financial instruments include cash, accounts receivable, amount due from related parties, amount due to related parties and accounts payable. The Group did not have any other financial assets and liabilities or nonfinancial assets and liabilities that are measured at fair value on recurring basis as of December 31, 2018 and 2019.

The Group’s financial assets and liabilities measured at fair value on a non-recurring basis include equity investment and long-lived asset based on level 2 or 3 inputs.

(i) Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and highly liquid deposits which are unrestricted as to withdrawal or use, and which have original maturities of three months or less when purchased.

(j) Restricted cash

Restricted cash relates to amount required by the bank as frozen accounts by Court mainly due to the litigation as disclosed in Note 22 (c).

(k) Property and equipment , net

Property and equipment are carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives:


Digital display network equipment		5 years
Gas station display network equipment		5 years
Wi-Fi		5 years
Furniture and fixture		5 years
Computer and office equipment		3‑5 years
Vehicle		5 years
Software		5 years
Buildings		40 years
Leasehold improvement		Shorter of the term of the lease
		or the estimated useful lives of the assets

Costs of repairs and maintenance are expensed as incurred and asset improvements that extend the useful life are capitalized. The gain or loss on disposal of property and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the consolidated income statement. When property and equipment are retired or otherwise disposed of the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations for the respective period.

(l) Impairment of long-lived assets

Long-lived assets held and used by the Group are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be fully recoverable. It is possible that these assets could become impaired as a result of technology, economy or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Group first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, relief from royalty income approach, quoted market values and third-party independent appraisals, as considered necessary.

The Group makes various assumptions and estimates regarding estimated future cash flows and other factors in determining the fair values of the respective assets. The assumptions and estimates used to determine future values and remaining useful lives of long-lived assets are complex and subjective. They can be affected by various factors, including external factors such as industry and economic trends, and internal factors such as the Group’s business strategy and its forecasts for specific market expansion.

(m) Long-term investments

Equity method investments

Investee companies over which the Group has the ability to exercise significant influence, but does not have a controlling interest are accounted for using the equity method. Significant influence is generally considered to exist when the Group has an ownership interest in the voting stock of the investee between 20% and 50%, and other factors, such as representation on the investee’s Board of Directors, voting rights and the impact of commercial arrangements, are considered in determining whether the equity method of accounting is appropriate.

Equity investments without readily determinable fair values

For investments in an investee over which the Group does not have significant influence, the Group carries the investment at cost and recognizes income as any dividends declared from distribution of investee’s earnings. The Group reviews the equity investments without readily determinable fair values for impairment whenever events or changes in circumstances indicate that the carrying value may no longer be recoverable. An impairment loss is recognized in earnings equal to the difference between the investment’s carrying amount and its fair value at the balance sheet date of the reporting period for which the assessment is made. All equity investments, except those accounted for under the equity method of accounting or those resulting in the consolidation of the investee, be accounted for at fair value with all fair value changes recognized in income. For equity investments that do not have readily determinable fair values the Group measures the equity investment at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the Group.

Impairment for long-term investments

The Group assesses its long-term investments for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, operating performance of the companies, including current earnings trends and undiscounted cash flows, and other company-specific information. The fair value determination, particularly for investments in privately-held companies, requires significant judgment to determine appropriate estimates and assumptions. Changes in these estimates and assumptions could affect the calculation of the fair value of the investments and determination of whether any identified impairment is other-than-temporary. Other-than-temporary impairment loss is recognized in the consolidated statements of comprehensive income equal to the excess of the investment’s carrying value over its fair value at the balance sheet date of the reporting period for which the assessment is made. The fair value would then become the new cost basis of such investment.

(n) Leases

In February 2016, the Financial Accounting Standards Board (the "FASB") issued ASU 2016-02, Leases (Topic 842), which is effective for annual reporting periods (including interim periods) beginning after December 15, 2018, and early adoption is permitted. The Group has adopted the Topic 842 on January 1, 2019 using a modified retrospective approach reflecting the application of the standard to leases existing at, or entered into after, the beginning of the earliest comparative period presented in the consolidated financial statements.

The Group leases its offices, which are classified as operating leases in accordance with Topic 842. Under Topic 842, lessees are required to recognize the following for all leases (with the exception of short-term leases) on the commencement date: (i) lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) right-of-use asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term.

At the commencement date, the Group recognizes the lease liability at the present value of the lease payments not yet paid, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group's incremental borrowing rate for the same term as the underlying lease. The right-of-use asset is recognized initially at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred, consisting mainly of brokerage commissions, less any lease incentives received. All right-of-use assets are reviewed for impairment. No impairment for right-of-use lease assets as of December 31, 2019.

The Group's lease agreements do not contain any material residual value guarantees or material restrictive covenants.

(o) Revenue recognition

On January 1, 2018, the Group adopted ASC Topic 606, “Revenue from Contracts with Customers”, applying the modified retrospective method. The adoption did not result in a material adjustment to the accumulated deficit as of January 1, 2018.

In accordance with ASC Topic 606, revenues are recognized when control of the promised goods or services is transferred to the Group’s customers, in an amount that reflects the consideration the Group expects to be entitled to in exchange for those goods or services. In determining when and how much revenue is recognized from contracts with customers, the Group performs the following five-step analysis: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; (5) recognize revenue when (or as) the entity satisfies a performance obligation.

The Group’s contract with customers do not include multiple performance obligations, significant financing component and any variable consideration.

The Group is a principal as it controls the specified good or service before that good or service is transferred to a customer. The Group is primarily responsible for fulfilling the promise to provide the specified good or service, has inventory risk before the specified good or service has been transferred to a customer and has discretion in establishing the price for the specified good or service.

Generally, the Group recognizes revenue under ASC Topic 606 for each type of its performance obligation either over time (generally, the transfer of a service) or at a point in time (generally, the transfer of content) as follows:

The Group’s revenues are mainly derived from selling advertising time slots on the Group’s advertising networks. For the years ended December 31, 2017, 2018 and 2019, the advertising revenues were generated from air travel media network including TV-attached digital frames in airports, digital TV screens in airports, digital TV screens on airlines, gas station media network and other media network such as on-train and on long-haul bus Wi-Fi.

Revenue by service categories


	For the years ended December 31,
	2017		2018		2019
Revenues from operations:

Air Travel Media Network	$	18,702	$	22,212	$	25,954
Gas Station Media Network		4,093		413		—
Other Media		1,533		2,151		271
	$	24,328	$	24,776	$	26,225

Air Travel Media Network: Through air travel media network, revenues were generated from digital frames in airports in the form of TV-attached digital frames, digital TV screens in airports, and digital TV screens on airplanes. There are also other revenues in air travel mainly include revenues from the display of media contents in air travel. For the advertising business, the Group typically signs standard contracts with its advertising clients, who require the Group to run the advertiser's advertisements on the Group's network in airports, airlines for a period of time which is the only performance obligation for a fixed price agreed in the contracts without variable considerations. The Group recognizes advertising revenues ratably over the service period for which the advertisements are displayed, so long as collection remains probable. For the program display business, the Group typically signs standard contracts with the customer who has the copyright of movies or TV programs and requires the Group to play the program on the Group's digital TV screens on airlines for a period of time which is the only performance obligation for a fixed price agreed in the contract. The Group recognizes program display revenues ratably over the performance period for which the program is played, so long as collection remains probable.

Gas Station Media Network: Through gas station media network, the Group sells advertising time slots through digital TV screens in gas stations which is the only performance obligation included in the contracts. The Group signs fixed fee contracts with the end customers or agencies for a specified period. The revenue is recognized on a straight-line basis over the specified period. This business was ceased in 2018 and no revenue is generated from gas station in following years.

Other Media: Through other media network such as on-train and on long-haul bus Wi-Fi network and self-owned and third parties’ public accounts, the Group provides Wechat public account promotion and advertising and promotion articles publishing service. For the public account promotion business, the passengers in the trains could connect to Wi-Fi for free via the Group's Wi-Fi equipment after registered as a member to that public account as a follower in WeChat. The Group charges a fix rate per new member and collects service fee from the client who owns the public accounts. For the advertising and promotion articles publishing business, the group has developed a public accounts pool which have already accumulated hundreds and thousands of registered users (there are both self-owned and third parties’ public accounts). Wechat public account promotion through on long-haul bus Wi-Fi network and on-train Wi-Fi network was ceased in 2018 and 2019 respectively.

Deferred revenue

Prepayments from customers for advertising service are deferred when corresponding performance obligation is not satisfied and recognized as revenue when the advertising services are rendered. The balance of deferred revenue as of December 31, 2019 is $2,813, the majority of which is $1,659 for the unsatisfied performance obligation with two customers with contracts amount of $1,724.

Nonmonetary exchanges

The Group occasionally exchanges advertising time slots and locations with other entities for assets or services, such as equipment and other assets. The amount of assets and revenue recognized is based on the fair value of the advertising provided or the fair value of the transferred assets, whichever is more readily determinable. There were no revenue recognized for nonmonetary transactions for the years ended December 31, 2017 and 2018. In 2019, the Group provided advertising time slots and locations to SINOPEC Yijie Sales Co., Ltd. (“Yijie”) as a part of settlement of the concession fee due to Yijie and recognized revenue of $792. In the meantime, the Group provided gas station display network equipment to settle the concession fee of $3,678 due to Yijie. The Group also entered into a contract with Beijing Kingsoft Co., Ltd.(“Kingsoft”) on providing advertising services in exchange for office software with a consideration amounted to $431. As of December 31, 2019, the Group has received the office software and accounted it as property and equipment, while a deferred revenue was accrued in the meantime as the agreed advertising services has not been provided. No direct costs are attributable to the revenues.

(p) Value Added Tax ("VAT")

The Company’s PRC subsidiaries are subject to value-added taxes at a rate of 6% on revenues and paid after deducting input VAT on purchases. The net VAT balance between input VAT and output VAT is reflected in the account as input VAT receivable or other taxes payable. The Group’s gross revenue is presented net of VAT. As of December 31, 2019, the Group assessed the recoverability of certified input VAT that was generated in prior year and recognized a cost of non-deductible input VAT that was generated in prior years of $10,998 for the year ended December 31, 2019.

(q) Concession fees

The Group enters concession right agreements with vendors such as airlines and railway bureaus, under which the Group obtains the right to use the spaces or equipment of the vendors to display the advertisements.

Fees under concession right agreements are usually due every three, six or twelve months. Payments made are recorded as current assets and current liabilities according to the respective payment terms. Most of the concession fees with airlines and railway bureaus are fixed with escalation, which means a fixed increase over each year of the agreements. The total concession fee under the concession right agreements with airlines is charged to the consolidated statements of operations on a straight-line basis over the agreement periods, which is generally between three to five years.

(r) Agency fees and Advertisement Publishing Fees

The Group pays fees to advertising agencies for identifying and introducing advertisers to the Group and assisting in advertisement publishing based on a certain percentage of revenues made through the advertisement agencies upon receipt of payment from advertisers. The agency fees and advertisement publishing fees are charged to cost of revenues in the consolidated statements of operations ratably over the period in which the advertisement is displayed. Prepaid and accrued agency fees and advertisement publishing fees are recorded as current assets and current liabilities according to relative timing of payments made and advertising service provided.

(s) Advertising costs

The Group expenses advertising costs as incurred. Total advertising expenses were $1,209, $623 and $622 for the years ended December 31, 2017, 2018 and 2019, respectively, and have been included as part of selling and marketing expenses.

(t) Foreign currency translation

The functional and reporting currency of the Company and the Company’s subsidiaries domiciled in BVI and Hong Kong are the United States dollar ("U.S. dollar"). The financial records of the Company’s other subsidiaries, VIEs and VIEs’ subsidiaries located in the PRC are maintained in their local currency, the Renminbi ("RMB"), which are the functional currency of these entities.

Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange ruling at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the statements of operations.

The Group’s entities with functional currency of RMB translate their operating results and financial position into the U.S. dollar, the Company’s reporting currency. Assets and liabilities are translated using the exchange rates in effect on the balance sheet date. Revenues, expenses, gains and losses are translated using the average rate for the year. Retained earnings and equity are translated using the historical rate. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive income.

(u) Income taxes

Deferred income taxes are recognized for temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, net operating loss carry forwards and credits, by applying enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws and regulations applicable to the Group as enacted by the relevant tax authorities.

The impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more-likely-than not to be sustained upon audit by the relevant tax authorities. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Additionally, the Group classifies the interest and penalties, if any, as a component of the income tax expense. According to the PRC Tax Administration and Collection Law, the statute of limitations is three years if the underpayment of taxes is due to computational errors made by the taxpayer or the withholding agent. The statute of limitations is extended to five years under special circumstances, where the underpayment of taxes is more than RMB 100. In the case of transfer pricing issues, the statute of limitation is ten years. There is no statute of limitation in the case of tax evasion. According to Hong Kong Inland Revenue Department, the statute of limitation is six years if any company chargeable with tax has not been assessed or has been assessed at less than the proper amount, the statute of limitation is extended to 10 years if the underpayment of taxes is due to fraud or willful evasion.

In 2018, the Group incurred penalties of $4,324 related to underpayment or delayed payment for income tax expense of previous years. The tax penalty of $2,664 is charged for one-year delay of income tax payment of 2015 rising from the gain on transferring 75% equity of AM Advertising and the tax penalty of $1,660 is charged for the unpaid income tax expense of 2016 for the deduction of bad debt allowance from taxable income before tax without chasing up for debt and filing a special declaration of loss in asset. The Group accrued $12,725 on this according to USGAAP as of December 31, 2015, so that there was unpaid tax payable of $11,065 as of December 31, 2018 and 2019 after the Group paid off the total penalties in 2018. The Group assessed that the unpaid tax liability was considered an uncertain tax position as of December 31, 2018 and 2019 as it is not more likely than not to be sustained on audit if the tax authorities were to re-examine this position. As this tax position occurred in the 2016 tax filing, the statute of limitations will expire as of December 31, 2020. If there is no tax examination by the end of 2020, the uncertain tax position will be eliminated as a result of the lapse of the applicable statute of limitations.

The Group evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of December 31, 2019, the Group had $11,065 of unrecognized tax benefits that if recognized would affect the annual effective tax rate. The Group believes that it is reasonably possible that a decrease of $11,065 in unrecognized tax benefits may occur over the next twelve months due to a lapse of the applicable statute of limitations.

The Group incurred penalties of nil, $4,324 and nil related to underpayment or delayed payment for income tax expense for the years ended December 31, 2017, 2018 and 2019. As of December 31, 2018, all the penalties in 2018 have been paid off. For years ending December 31, 2017, 2018 and 2019 the Company recognized no interest expense related to unrecognized tax benefits. The Group is not currently under examination by any income taxing authority, nor has it been notified of an impending examination. As of December 31, 2019, tax years 2015 to present are subject to examination by the tax authorities.

(v) Share-based payments

Share-based payment transactions with employees are measured based on the grant date fair value of the equity instrument issued, and recognized as compensation expenses over the requisite service periods based on a straight-line method, with a corresponding impact reflected in additional paid-in capital.

Share-based payment transactions with non-employees are measured based on the fair value of the options on the measurement date as of each reporting date, with a corresponding impact reflected in additional paid-in capital.

(w) Comprehensive loss

Comprehensive loss includes net loss and foreign currency translation adjustments and is presented net of tax. The tax effect is nil for the three years ended December 31, 2017, 2018 and 2019 in the consolidated statements of comprehensive loss.

(x) Allowance of doubtful accounts

The Group conducts credit evaluations of clients and generally does not require collateral or other security from clients. The Group establishes an allowance for doubtful accounts based upon estimates, historical experience and other factors surrounding the credit risk of specific clients and utilizes both specific identification and a general reserve to calculate allowance for doubtful accounts. The amounts of receivables ultimately not collected by the Group have generally been consistent with expectations and the allowance established for doubtful accounts. If the frequency and amount of customer defaults change due to the clients’ financial condition or general economic conditions, the allowance for uncollectible accounts may require adjustment. As a result, the Group continuously monitors outstanding receivables and adjusts allowances for accounts where collection may be in doubt.

(y) Concentration of credit risk

Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash and accounts receivable. The Group places their cash with financial institutions with high-credit rating and quality in China. For the years ended December 31, 2018 and 2019, there are four and two customers accounting for 10% or more of total revenue, respectively. As of December 31, 2018 and 2019, there are one and four customer accounting for 10% or more of total accounts receivables, respectively.

(z) Net loss per share

Basic net loss per share are computed by dividing net loss attributable to holders of ordinary shares by the weighted average number of ordinary shares outstanding during the year. Diluted net loss reflects the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised or converted into ordinary shares. Potential common shares in the diluted net loss per share computation are excluded in periods of losses, as their effect would be anti-dilutive.

(aa) Reclassification

Certain prior year amounts in the consolidated financial statements have been reclassified to conform with the current year presentation. These reclassifications have not changed the results of operations of prior periods.

(bb) Recent issued accounting standards

In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses”, which will require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. In November 2018, the FASB issued ASU No. 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses”, which among other things, clarifies that receivables arising from operating leases are not within the scope of Subtopic 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases. In April 2019, he FASB issued ASU No. 2019-04, “Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments”, which among other things, clarifies that measurement of the allowance for credit losses on accrued interest receivable balances should separate from other components of the amortized cost basis of associated financial assets, and other accounting policy election on accrued interest receivable. For public entities, the amendments in these ASU are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Group does not expect the adoption of these amendments to have a material impact on the consolidated financial position and results of operations.

In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement”. The amendments in this ASU eliminate, add and modify certain disclosure requirements for fair value measurements. The amendments in this ASU, among other things, require public companies to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The amendments in this ASU are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, and entities are permitted to early adopt either the entire standard or only the provisions that eliminate or modify the requirements. The Group does not expect the adoption of these amendments to have a material impact on the consolidated financial position and results of operations.

In October 2018, the FASB issued ASU No. 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities. ASU 2018-17 expands the accounting alternative that allows private companies the election not to apply the variable interest entity guidance to qualifying common control leasing arrangements. ASU 2018-17 broadens the scope of the private company alternative to include all common control arrangements that meet specific criteria (not just leasing arrangements). ASU 2018-17 also eliminates the requirement that entities consider indirect interests held through related parties under common control in their entirety when assessing whether a decision-making fee is a variable interest. Instead, the reporting entity will consider such indirect interests on a proportionate basis. The amendments are effective for public business entities for fiscal years ending after December 15, 2019. Early adoption is permitted. The Group does not expect the adoption of the provisions to have a material impact on the consolidated financial position and results of operations.

Recently issued ASUs by the FASB, except for the ones mentioned above, and are not expected to have a material impact on the Group’s consolidated results of operations or financial position.

SEGMENT INFORMATION AND REVENUE ANALYSIS	12 Months Ended
SEGMENT INFORMATION AND REVENUE ANALYSIS	Dec. 31, 2019
SEGMENT INFORMATION AND REVENUE ANALYSIS
SEGMENT INFORMATION AND REVENUE ANALYSIS	3. SEGMENT INFORMATION AND REVENUE ANALYSIS The Group is mainly engaged in selling advertising time slots on their network, primarily air travel advertising network throughout PRC. The Group chief operating decision maker has been identified as the Chief Executive Officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group; hence, the Group has only one operating segment. The Group primarily operates in the PRC and substantially all of the Group’s long-lived assets are located in the PRC.

ACCOUNTS RECEIVABLE, NET

12 Months Ended

Dec. 31, 2019

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET

4. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net, consists of the following:


	As of December 31,
	2018		2019

Accounts receivable, gross	$	13,424	$	13,858
Less: Allowance for doubtful accounts		(5,486)		(5,437)
Accounts receivable, net	$	7,938	$	8,421

Movement of allowance for doubtful accounts is as follows:


	Allowance for doubtful accounts
January 1, 2017	$	3,815
Addition		1,403
Write off		(883)
Exchange rate adjustment		256
December 31, 2017		4,591
Addition		1,184
Write off		—
Exchange rate adjustment		(289)
December 31, 2018		5,486
Addition		113
Reverse		(93)
Exchange rate adjustment		(69)
December 31, 2019	$	5,437

OTHER CURRENT ASSETS, NET

12 Months Ended

Dec. 31, 2019

OTHER CURRENT ASSETS, NET

OTHER CURRENT ASSETS, NET

5. OTHER CURRENT ASSETS, NET

Other current assets, net, consist of the following:


	As of December 31,
	2018						2019
	Gross		Allowance		Net		Gross		Allowance		Net

Input VAT receivable(i)	$	17,540	$	—	$	17,540	$	6,387	$	—	$	6,387
Prepaid selling and marketing fees		308		—		308		272		(125)		147
Short-term deposits		711		—		711		4,670		—		4,670
Prepaid income tax		264		—		264		261		(188)		73
Prepaid individual income tax and other employee advances		224		—		224		260		(121)		139
Loans to third parties (ii)		38,242		(38,061)		181		37,769		(37,719)		50
Receivable from third party (iii)		4,463		(1,242)		3,221		3,705		(2,283)		1,422
Receivable from non-controlling interest holders		1,178		—		1,178		1,002		(1,002)		—
Receivable from AM Advertising and its subsidiaries (iv)		22,726		(8,787)		13,939		22,445		(8,678)		13,767
Other prepaid expenses		6,753		(3,988)		2,765		6,375		(4,285)		2,090
Others		726		—		726		51		-		51

Total	$	93,135	$	(52,078)	$	41,057	$	83,197	$	(54,401)	$	28,796

(i)

Input VAT receivable decreased by $11,153 from $17,540 as of December 31, 2018 to $6,387 as of December 31, 2019 was mainly due to the fact that cost of non-deductible input VAT that generate in prior years of $10,998 was recognized for the year ended December 31, 2019. The Group ceased the operation in gas station media network and on long-haul bus Wi-Fi in 2018, and planned to dispose the assets related to these businesses, the input VAT was expected to be used to deduct the output VAT of assets disposal. However, in 2019, only a small part of the related assets has been discarded instead of disposal, and for the remaining, the Group estimated that these assets would not be disposed in the future, and no such output VAT would generate. Apart from that, the entities with relevant business were expected not to generate enough revenue of which the output VAT could cover the balance of input VAT.

(ii)

These third parties provide outdoor advertising services to their customers. Loans to third parties are in order to secure them to provide advertising services at prime locations to the Group. As of December 31, 2018 and 2019, the Group had balance of various loan agreements with third parties with aggregated amount of $38,242 and $37,769, respectively with the terms of one year. The interest rates were from 4.35% to 5% without any assets pledged for the years ended December 31, 2018 and 2019, respectively. As of December 31, 2018 and 2019, the bad debt allowance for loan to third parties amounted to $38,061 and $37,719, respectively.

(iii)

Receivable from third party mainly represented the concession fee deposits of Guangzhou Meizheng for the ceased operations in providing Wi-Fi services on trains that is expected to be refunded within one year. As of December 31, 2018 and 2019, the management conducted a review on the outstanding balance and recorded bad debt provision on other current assets for which the collectability is assessed to be remote. As of December 31, 2018 and 2019, the bad debt allowance was $1,242 and $2,283, respectively.

(iv)

Receivable from AM Advertising and its subsidiaries balance amounted to $22,726 and $22,445 as of December 31, 2018 and 2019, respectively. As of December 31, 2018 and 2019, $8,787 and $8,678 of bad debt allowance were made for the receivable balance, respectively, with foreign currency translation adjustment. The net balance $13,767 as of December 31, 2019 represents the loan due from AM advertising to support its operations of RMB88.0 million in principal balance and RMB7.8 million in interests.

On March 28, 2018, August 23, 2018 and November 2018, the Group entered into a MoU of transaction of 75% equity transfer of AM Advertising in 2015 and its supplemental agreements with Longde Wenchuang and Beijing Cultural Center Construction and Development Fund (Limited Partnership), Beijing Linghang Shengshi Advertising Co., Ltd. (“Linghang Shengshi”) and Mr. Guo have agreed to pay or make available to AM Advertising on or prior to May 30, 2018 and further extended to September 30, 2018 and December 31, 2018 an aggregate of RMB304.5 million which was to be discounted by the following amounts (i) the RMB152.0 million profits attributable to Linghang Shengshi for the first nine months of 2015; (ii) the loan of RMB88.0 million in principal balance and RMB7.8 million in interests; and (iii) the payment of RMB56.7 million in cash. As of December 31, 2019, the MoU was unsettled. When the MoU is settled in future, the net balance of receivable from AM Advertising and its subsidiaries will be cleared off.

PREPAID CONCESSION FEES	12 Months Ended
PREPAID CONCESSION FEES	Dec. 31, 2019
PREPAID CONCESSION FEES
PREPAID CONCESSION FEES	6. PREPAID CONCESSION FEES, NET The Group enters concession right agreements with vendors such as airlines and airport advertisement agent companies, under which the Group obtains the right to use the spaces or equipment of the vendors to display the advertisements. The balance of prepaid concession fees for the years ended December 31, 2018 and 2019 are $1,813 and $718, respectively. The decline of prepayment is due to the less concession fee prepaid to AirChina Media, resulting from the Group's cashflow management. A bad debt provision of $582 was accrued for the year ended December 31, 2019, due to the remote possibility of recovering.

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2019

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

7. PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consist of the following:


	As of December 31,
	2018		2019

Digital display network equipment	$	6,183	$	6,604
Wi-Fi and network equipment		34,476		30,830
Gas station display network equipment		39,523		39,033
Software		9,241		9,633
Office property		10,888		10,753
Computer and office equipment		3,058		2,995
Vehicle		773		763
Leasehold improvement		2,783		2,413
Furniture and fixture		1,086		872
Total original costs		108,011		103,896
Less: impairment		(48,885)		(47,010)
Less: accumulated depreciation		(45,660)		(43,590)
Construction in progress		569		646
Less: impairment on construction in process		(569)		(562)

Total property and equipment, net	$	13,466	$	13,380

Depreciation expense for the years ended December 31, 2017, 2018 and 2019 were $11,547, $1,560 and $1,018, respectively. Impairment loss recorded for the years ended December 31, 2017, 2018 and 2019 were $49,468, $564 and $nil, respectively.

PREPAID EQUIPMENT COST, NET	12 Months Ended
PREPAID EQUIPMENT COST, NET	Dec. 31, 2019
PREPAID EQUIPMENT COST, NET
PREPAID EQUIPMENT COST, NET	8. PREPAID EQUIPMENT COST, NET As of December 31, 2018, the prepaid equipment cost balance represents prepayment for airline Wi-Fi equipment of $2,364. For the year ended December 31, 2019, the Group recognized a bad debt provision of $2,238 for the prepayment for airline Wi-Fi equipment due to the fact that with the development of technology and the upgrading of equipment, this type of equipment was no longer meet the Company’s need for future development and so no further payment was made to the supplier as required in the contract. Since the possibility of recovering the prepayment was remote, the Group accrued full bad debt provision. The Group also accrued a bad debt provision of $1,000 for the prepayment for satellite equipment as it was nonrefundable according to the contract and the cooperation with the supplier remained stagnant and the Group and the supplier were still in the process of negotiation as of the date of this annual report. As the negotiation may take a long time, it is uncertain whether the prepayment would be recovered in the future. The contract on the satellite equipment was entered in 2019 (“Main Agreement”), pursuant to which, the Group was obligated to purchase a minimum quantity of 500 in three years, therein 40 in 2019 with an agreed-upon unit price of $202. The Group failed to fulfill the minimum purchase quantity for 2019 and should be liable for the default according to the contract. In June 2020, the Group and the supplier entered into a negotiation on an amendment agreement to Main Agreement, pursuant to which, the minimum purchase quantity requirements on the Group in Main Agreement will be expected to remove. Therefore, the Group assessed the possibility of taking responsibility for breach of Main Agreement was remote and no contingent liability should be accrued for the default of Main Agreement as of December 31, 2019. As of December 31, 2019, the prepaid equipment cost balance represents prepayment for signal generators of $30.

LONG-TERM INVESTMENTS

12 Months Ended

Dec. 31, 2019

LONG-TERM INVESTMENTS

LONG-TERM INVESTMENTS

9. LONG-TERM INVESTMENTS, NET

(a) Equity method investments,net

The Group had the following equity method investments, other-than-temporary impairment of $2,408 and $2,040 were recognized as of December 31, 2018 and 2019, respectively:


	As of December 31,
	2018			2019

	Percentage of			Percentage of
Name of company	ownership	Amount		ownership	Amount
	%			%

Beijing Eastern Media Corporation Ltd. (“BEMC “) (1)	49	$	1,769	49	$	2,304

Beijing Hezhong Chuangjin Investment Co., Ltd. ("Hezhong Chuangjin") (2)	15		1,886	15		1,863

Lanmeihangbiao Tiandi Internet Investment Management (Beijing) Co., Ltd. ("LMHB") (3)	40		179	40		177

Beijing Yuyue Film Culture Co., Ltd (“Yuyue Film”) (4)	25		343	—		—

Unicom AirNet (Beijing) Network Co., Ltd. ("Unicom AirNet") (5)	39		15,413	39		11,970

Less: impairment on equity method investments:
Hezhong Chuangjin (2)			(1,886)			(1,863)
LMHB (3)			(179)			(177)
Yuyue Film (4)			(343)			—

Equity method investments, net (6)		$	17,182		$	14,274

(1)

In March 2008, the Group entered into a definitive agreement with China Eastern Media Corporation, Ltd., a subsidiary of China Eastern Group and China Eastern Airlines Corporation Limited operating the media resources of China Eastern Group, to establish a joint venture, BEMC. BEMC was incorporated on March 18, 2008 in the PRC with China Eastern Media Corporation and the Group holding 51% and 49% equity interest, respectively. BEMC obtained concession rights of certain media resources from China Eastern Group, including the digital TV screens on airplanes of China Eastern Airlines, and paid concession fees to its shareholders as consideration. The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of BEMC. $57, $247 and $562 gain on investment were picked up for the years ended December 31, 2017, 2018 and 2019, respectively.

(2)

In May 2015, the Group, together with several other third-party companies established Hezhong Chuangjin, which mainly focuses on internet financing. The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of Hezhong Chuangjin. $78, nil and nil loss on investment were picked up for the years ended December 31, 2017, 2018 and 2019, respectively. The operation has been ceased from December 2017, the investment has been provided full impairment as of December 31, 2017, and the accumulated impairment was $1,886 and $1,863 as of December 31, 2018 and 2019, respectively, with foreign currency translation adjustment.

(3)

In September 2015, AirNet Online entered into an agreement with BlueFocus Wireless Internet (Beijing) Investment Management Co., Ltd. and two individual investors to establish a joint venture, LMHB. LMHB is mainly engaged in investment management of Wi-Fi platform marketing and other mobile internet industries. The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of LMHB. $48, $33 and nil loss on investment were picked up for the years ended December 31, 2017, 2018 and 2019, respectively. The investment has been provided full impairment loss of $185 for the year ended December 31, 2018 and the accumulated impairment was $177 as of December 31 ,2019, with foreign currency translation adjustment.

(4)

In June 2016, Airnet Pictures entered into an agreement with two individual investors to establish a joint venture, Yuyue Film. Yuyue Film is mainly engaged in investment management of film investment and marketing. The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of Yuyue Film. $95, nil and nil loss on investment were pick up for the years ended December 31, 2017, 2018 and 2019, respectively. The investment has been provided full impairment loss of $355 for the year ended December 31, 2018. In 2019, Yuyue Film was disposed with no consideration. Therefore, the cost and accumulated impairment were written off as of December 31, 2019.

(5)

On February 22, 2017, AirNet Online established Unicom AirNet, jointly with Unicom Broadband Online Co., Ltd. and Chengdu Haite Kairong Aeronautical Technology Co., Ltd., a wholly owned subsidiary of a listed company providing aeronautical technical services. Pursuant to a capital contribution agreement entered into by the relevant parties, AirNet Online invested RMB117.9 million in Unicom AirNet. After this transaction, AirNet Online currently holds 39% of equity interests in Unicom AirNet. The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of Unicom AirNet. $1,114 and $3,281 loss on investment was picked up for the years ended December 31, 2018 and 2019, respectively.

(6)

Equity method investments, net decreased by $2,908 from $17,182 as of December 31, 2018 to $14,274 as of December 31, 2019 was mainly due to a loss of $3,281 on investment was picked up for Unicom AirNet, offset by a gain of $562 on investment were picked up for BEMC.

(b) Equity investments without readily determinable fair values, net

The Group had the following equity investments without readily determinable fair values, other-than-temporary impairment of $49,273 and $48,662 was recognized as of December 31, 2018 and 2019, respectively:


	As of December 31,
	2018			2019

	Percentage of			Percentage of
Name of company	ownership	Amount		ownership	Amount
	%			%
Zhangshangtong Air Service (Beijing) Co., Ltd. ("Zhangshangtong") (1)	20	$	392	20	$	387

Beijing Zhongjiao Huineng Information Technology Co., Ltd (“Zhongjiao Huineng”) (2)	13		546	13		540

AM Advertising (3)	20		77,424	20		76,464

Less: impairment
Zhangshangtong (1)			(392)			(387)
Zhongjiao Huineng (2)			(546)			(540)
AM Advertising (3)			(48,335)			(47,736)

Equity investments without readily determinable fair values, net		$	29,089		$	28,728

(1)

In June 2010, the Group acquired 20% equity interest in Zhangshangtong Air Service (Beijing) Co., Ltd. ("Zhangshangtong"), a company established in the PRC that is mainly engaged in air tickets agency services. In 2018, a full impairment loss of $407 has been recorded for this investment considering the carrying value is not recoverable. The accumulated impairment was $387 as of December 31, 2019, with foreign currency translation adjustment. On June 22, 2020, the Group disposed the investment of 20% equity interest in Zhangshangtong and received a consideration amounted to RMB 0.4 million.

(2)

In January 2016, the Group acquired 13.3% equity interest in Zhongjiao Huineng, a company established in the PRC that is mainly engaged in providing WIFI and GPS service to logistic industry. In 2018, a full impairment loss of $567 has been recorded for this investment considering the carrying value is not recoverable. The accumulated impairment was $540 as of December 31, 2019, with foreign currency translation adjustment.

(3)

The investment in AM Advertising was accounted for using the cost method of accounting, as the Group does not have the ability to exercise significant influence to the operation from 2016. In December 2018, the Group transferred the 20.32% equity interests in AM Advertising but did not derecognized this long-term investment considering the existence of continuing involvement and more than trivial benefit owned by the Group. Meanwhile the Group determined the fair value of this investment in AM Advertising according to the transaction price received, which became the new basis of the investment. Hence, the investment impairment loss of $50,159 in AM Advertising has been recorded for the years ended December 31, 2018 and the accumulated impairment was $47,736 as of December 31, 2019, with foreign currency translation adjustment. As of October 30, 2019, the Group and the transferee entered into a supplementary agreement on the outstanding amount of RMB380 million. The Group assessed that the supplementary agreement cannot trigger the derecognition of the financial asset of equity investment without readily determinable fair values in AM Advertising as of December 31, 2019.

LEASE

12 Months Ended

Dec. 31, 2019

LEASE

LEASE

10. LEASE

The Group leases offices space under non-cancelable operating leases, with terms ranging from one to three years. The Group considers those renewal or termination options that are reasonably certain to be exercised in the determination of the lease term and initial measurement of right of use assets and lease liabilities. Lease expense for lease payment is recognized on a straight-line basis over the lease term. Leases with initial term of 12 months or less are not recorded on the balance sheet.

The Group determines whether a contract is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. When available, the Group uses the rate implicit in the lease to discount lease payments to present value; however, most of the Group’s leases do not provide a readily determinable implicit rate. Therefore, the Group discount lease payments based on an estimate of its incremental borrowing rate.

The Group's lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Supplemental balance sheet information related to operating lease was as follows:


	As of December 31,
	2018		2019
Right-of-use assets	$	—	$	1,519

Operating lease liabilities - current	$	—	$	902
Operating lease liabilities - non-current		—		535
Total operating lease liabilities	$	—	$	1,437

The weighted average remaining lease terms and discount rates for the operating lease were as follows as of December 31, 2019:


Remaining lease term and discount rate:

Weighted average remaining lease term (years)	1.63
Weighted average discount rate	7.5	%

For the years ended December 31, 2019, the Company incurred lease expenses as follows.


	For the year ended December 31, 2019
Operating lease cost	$	1,031
Short-term lease cost		154
Total	$	1,185

Cash payment for operating lease under ASC 842 in the year of 2019 was $992.

For the years ended December 31, 2018 and 2017, rental expenses based on ASC 840 were $ 2,076 and $2,854, respectively.

The following is a schedule, by fiscal years, of maturities of lease liabilities as of December 31, 2019:


2020	$	1,045
2021		582
Total lease payments		1,627
Less: imputed interest		(190)
Present value of lease liabilities	$	1,437

LONG-TERM DEPOSITS, NET

12 Months Ended

Dec. 31, 2019

LONG-TERM DEPOSITS, NET

LONG-TERM DEPOSITS, NET

11. LONG-TERM DEPOSITS, NET

Long-term deposits, net consist of the following:


	As of December 31,
	2018		2019

Concession fee deposits	$	920	$	646
Office rental deposits		430		208

Total long-term deposits	$	1,350	$	854

Concession fee deposits normally have terms of three to five years and are refundable at the end of the concession terms. Office rental deposits normally have terms of one to three years and are refundable at the end of the lease term. Most of concession fee deposit has been provided bad debt according to assessment of recoverability.

The long-term deposits are not within the scope of the ASC 310-10-25 regarding interests on receivables, because they are intended to provide security for the counterparty to the concession rights or office rental agreements. Therefore, the deposits are recorded at cost.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2019

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consist of the follows:


	As of December 31,
	2018		2019

Accrued payroll and welfare	$	1,719	$	1,444
Other tax payable		350		335
Accrued staff disbursement		1,214		1,366
Deposit payable		247		241
Accrued professional fees		172		173
Other current liabilities (i)		1,857		840
Other accrued expenses		643		633
Payable to AM Advertising and its subsidiaries (ii)		3,556		3,512

	$	9,758	$	8,544

(i)

The other current liabilities represent other payable to third parties of $788 and payable to capital withdraw of non-controlling shareholders of $52.

(ii)

The amounts due to AM Advertising and its subsidiaries mainly represent the operation borrowings payable.

INCOME TAXES

12 Months Ended

Dec. 31, 2019

INCOME TAXES

INCOME TAXES

13. INCOME TAXES

AirNet is a tax-exempted company incorporated in the Cayman Islands.

Broad Cosmos is tax-exempted company incorporated in the British Virgin Islands.

AN China did not have any assessable profits arising in or derived from Hong Kong for the years ended December 31, 2017, 2018 and 2019, and accordingly no provision for Hong Kong Profits Tax was made in these years. According to Tax (Amendment) (No. 3) Ordinance 2018 published by Hong Kong government, form April 1, 2018, under the two-tiered profits tax rates regime, the profits tax rate for the first HK$2.0 million of assessable profits will be lowered to 8.25% (half of the rate specified in Schedule 8 to the Inland Revenue Ordinance (IRO)) for corporations and 7.5% (half of the standard rate) for unincorporated businesses (mostly partnerships and sole proprietorships). Assessable profits above HK$2.0 million will continue to be subject to the rate of 16.5% for corporations and standard rate of 15% for unincorporated businesses. AN China is qualified to elect the tax rate of 8.25% as it has no assessable profit in 2018 and has a small profit in 2019.

The Group’s subsidiaries in the PRC are all subject to PRC Enterprise Income Tax ("EIT") on the taxable income in accordance with the relevant PRC income tax laws and regulations. The EIT rate for the Group’s operating in PRC was 25% with the following exceptions.

Chuangyi Technology qualified for the High and New-Tech Enterprise ("HNTE") and maintained the status that would allow for a reduced 15% tax rate under EIT Law from year 2006 to 2017. Hence, Chuangyi Technology was subject to an EIT rate of 15%, 25% and 25% in 2017, 2018, and 2019, respectively.

Wangfan Linghang qualified for the HNTE at the end of 2017 and entitled to an EIT rate of 15%, expiring on December 26,2020.

Air Esurfing qualified for the HNTE in 2018 and entitled to an EIT rate of 15%, expiring on September 10, 2021.

Income tax expenses are as follows:


	For the years ended December 31,
	2017		2018		2019

Income tax expenses:
Current	$	633	$	150	$	691
Deferred		—		—		—
	$	633	$	150	$	691

The principal components of the Group’s deferred income tax assets are as follows:


	As of December 31,
	2018		2019
Deferred tax assets:
Allowance for doubtful accounts	$	14,173	$	15,341
Amortization of intangible assets		232		93
Net operating loss carry forwards		67,865		44,350
Excess marketing and advertising expense (15%)		12		54
Impairment on inventory		—		80
Total deferred tax assets		82,282		59,918

Valuation allowance		(82,282)		(59,918)

Total deferred tax assets, net	$	—	$	—

The valuation allowance provided as of December 31, 2017, 2018 and 2019 relates to the deferred tax assets generated by the Group’s VIEs. The Group periodically evaluates the likelihood of the realization of deferred tax assets, and reduces the carrying amount of the deferred tax assets by a valuation allowance to the extent it believes that either it is more likely than not that the deferred tax assets for these entities will not be realized as it does not expect to generate sufficient taxable income in future, or the amount involved is not significant. The Group’s subsidiaries in the PRC had total net operating loss carry forwards approximately of $193,633 as of December 31, 2019. The net operating loss carry forwards for the PRC subsidiaries will expire on various dates through year 2024.

Reconciliation between the provision for income taxes computed by applying the PRC EIT rate of 25% to income before income taxes and the actual provision of income taxes is as follows:


	For the years ended December 31,
	2017			2018			2019

Net loss before provision for income taxes	$	(178,548)		$	(93,269)		$	(33,213)
PRC statutory tax rate		25	%		25	%		25	%
Income tax at statutory tax rate		(44,637)			(23,317)			(8,303)

Expenses not deductible for tax purpose
Entertainment expenses exceeded the tax limit		91			132			96
Tax effect of impairment loss on property and equipment and intangible assets		12,539			302			—
Tax effect of unrealized net operating loss		—			—			30,854
Tax effect of other permanent differences		2,482			4,913			(1,118)
Changes in valuation allowance		28,815			17,080			(22,364)
Effect of preferential tax rates granted to PRC entities		670			689			1,215
Effect of income tax rate difference in other jurisdictions		673			351			311

Income tax expenses	$	633		$	150		$	691

Effective tax rates		(0.4)	%		(0.2)	%		(2.1)	%

A valuation allowance was provided against deferred tax assets in entities where it was determined, it was more likely than not that the benefits of the deferred tax assets will not be realized. The Group had deferred tax assets which consisted of tax loss carry-forwards, accruals and reserves which can be carried forward to offset future taxable income. Management determined it is more likely that deferred tax assets could not be utilized, so a full valuation allowance was provided as of December 31, 2018 and 2019. The net valuation allowance increased by $28,815 and $17,080 during the years ended December 31, 2017 and 2018, respectively, and decreased by $22,364 during the year ended December 31,2019.

The rollforward of uncertain tax position is as follows:


	As December 31,
	2017		2018		2019

Unrecognized tax benefits, beginning of year	$	12,725	$	12,725	$	11,065
Reductions related to settlement of tax matters		—		(1,660)		—
Unrecognized tax benefits, end of year		12,725		11,065		11,065

The Group incurred penalties of nil, $4,324 and nil related to underpayment or delayed payment for income tax expense for the years ended December 31, 2017, 2018 and 2019. As of December 31, 2018, all the penalties in 2018 have been paid off. For years ending December 31, 2017, 2018 and 2019, the Group recognized no interest expense related to unrecognized tax benefits. The Group is not currently under examination by any income taxing authority, nor has it been notified of an impending examination. As of December 31, 2019, tax years 2015 to present are subject to examination by the tax authorities.

Uncertainties exist with respect to how the current income tax law in the PRC applies to the Group’s overall operations, and more specifically, with regard to tax residency status. New EIT Law includes a provision specifying that legal entities organized outside of China will be considered residents for Chinese income tax purposes if the place of effective management or control is within China. The Implementation Rules to the new EIT Law provide that non-resident legal entities will be considered China residents if substantial and overall management and control over the manufacturing and business operations, personnel, accounting, properties, etc., occurs within China. Additional guidance is expected to be released by the Chinese government in the near future that may clarify how to apply this standard to tax payers. Despite the present uncertainties resulting from the limited PRC tax guidance on the issue, the Group does not believe that its legal entities organized outside of China should be treated as residents for new EIT Law purposes. If the PRC tax authorities subsequently determine that the Company and its subsidiaries registered outside the PRC should be deemed resident enterprises, the Company and its subsidiaries registered outside the PRC will be subject to the PRC income tax at a rate of 25%.

However, the Company’s subsidiaries located in the PRC were in a loss position and had accumulated deficit as of December 31,2019, and the tax basis for the investment was greater than the carrying value of this investment. A deferred tax asset should be recognized for this temporary difference only if it is apparent that the temporary difference will reverse in the foreseeable future. Absent of evidence of a reversal in the foreseeable future, no deferred tax asset for such temporary difference was recorded. The Company did not record any tax on any of the undistributed earnings because the relevant subsidiaries do not intend to declare dividends and the Company intends to permanently reinvest it within the PRC.

Aggregate undistributed earnings of the Company’s subsidiaries located in the PRC that are available for distribution to the Company are considered to be indefinitely reinvested and accordingly, no provision has been made for the Chinese dividend withholding taxes that would be payable upon the distribution of those amounts to the Company. The Chinese tax authorities have also clarified that distributions made out of pre-January 1, 2008 retained earnings will not be subject to the withholding tax.

NET LOSS PER SHARE

12 Months Ended

Dec. 31, 2019

NET LOSS PER SHARE

NET INCOME (LOSS) PER SHARE

14. NET LOSS PER SHARE

The calculation of the net loss per share is as follows:


	For the years ended December 31,
	2017		2018		2019

Numerator:
Net loss attributable to AirNet Technology Inc.'s ordinary shareholders	$	(156,476)	$	(90,097)	$	(31,477)

Denominator:
Weighted average ordinary shares outstanding used in computing net loss per ordinary share
Basic and diluted		125,629,779		125,653,175		125,664,777
Weighted average shares used in calculating loss per ADS
Basic and diluted		12,562,978		12,565,318		12,566,478

Net loss per ordinary share
Basic and diluted	$	(1.25)	$	(0.72)	$	(0.25)

Net loss per ADS (i)
Basic and diluted	$	(12.46)	$	(7.17)	$	(2.50)

(i)

On March 29, 2019, AirNet Technology Inc., JPMorgan Chase Bank, as depositary, and all holders from time to time of American Depositary Shares entered into Amended and Restated Deposit Agreement to combine original 5 ADSs to 1 ADSs. After the agreement is executed, 1 ADS amounted to $0.01 par value represents 10 ordinary shares amounted to 0.001 per share par value. The Group presents net loss attributable to AirNet Technology Inc.’s ordinary shareholders per ADS by retrospectively adjusting to all periods presented.

SHARE BASED PAYMENTS

12 Months Ended

Dec. 31, 2019

SHARE BASED PAYMENTS

SHARE BASED PAYMENTS

15. SHARE BASED PAYMENTS

2012 Share incentive plan

On June 1 and August 1, 2014, the Group granted 2,376,620 options and 140,000 options to its employees under the 2012 Option Plan to purchase the Company’s ordinary shares at an exercise price of $1.025 and $1.045 per share, respectively. One twelfth of these options will vest each quarter through June 1, 2017 and August 1, 2017, respectively. The expiration date will be 5 years from the grant dates.

On May 12, 2015, the Group granted 660,000 options its employees under the 2012 Option Plan to purchase the Company’s ordinary shares at an exercise price of $1.675 per share. One twelfth of these options will vest each quarter through May 12, 2018. The expiration date will be 5 years from the grant date.

On February 15, 2019, the Company granted 4,300,000 options to its employees under the 2012 Option Plan to purchase the Company’s ordinary shares at an exercise price of $0.24 per share. One twelfth of these options will vest each quarter through February 15, 2022. The expiration date will be 5 years from the grant date.

On March 1, 2019, the Company granted 1,200,000 options to its employees under the 2012 Option Plan to purchase the Company’s ordinary shares at an exercise price of $0.23 per share. One sixteenth of these options will vest each quarter through March 1, 2023. The expiration date will be 5 years from the grant date.

The following summary of stock option activities under the 2007, 2011 and 2012 Share incentive plans as of December 31, 2019, reflective of all modifications is presented below:


	Outstanding Options
		Weighted				Weighted
		average		Weighted		average
		exercise		average		remaining	Aggregate
	Number of	price		grant-date		contractual	intrinsic
	options	per option		fair value		terms	value

Outstanding as of January 1, 2019	5,866,028	$	1.15	$	1.05	—	$	—
Granted	5,500,000		0.24		0.24
Exercised	—
Forfeited	(52,500)		0.24		0.24
Expired	(1,430,088)		1.03		1.03

Outstanding as of December 31, 2019	9,883,440	$	0.66	$	0.61	2.65	$	3,324
Options vested and expected to vest as of December 31, 2019	9,883,440	$	0.66	$	0.61	2.65	$	3,324

Options exercisable as of December 31, 2019	5,715,940	$	0.96	$	0.96	1.68	$	188

The total intrinsic value of options exercised during the years ended December 31, 2017, 2018 and 2019 were nil, nil and nil respectively. The Group recorded share-based compensation of $343, $45 and $161 for the years ended December 31, 2017, 2018 and 2019, respectively. There was nil and $ 437 of total unrecognized compensation expense related to unvested share options granted as of December 31, 2018 and 2019, respectively. The expense is expected to be recognized over a weighted-average period 0 and 2.40 years on a straight-line basis as of December 31, 2018 and 2019, respectively.

(1)

Volatility

The volatility of the underlying ordinary shares during the life of the options was estimated based on the historical stock price volatility of the Company’s ordinary shares and listed shares of comparable companies over a period comparable to the expected term of the options. From March 2011, the volatility was estimated based on the historical volatility of the Company’s share price as the Company has accumulated sufficient history of stock price for a period comparable to the expected term of the options.

(2)

Risk-free rate

Risk-free rate is based on yield of US Treasury bill as of valuation date with maturity date close to the expected term of the options.

(3)

Expected term

The expected term is estimated based on a consideration of factors including the original contractual term and the vesting term.

(4)

Dividend yield

The dividend yield was estimated by the Group based on its expected dividend policy over the expected term of the options. The Group has no plan to pay any dividend in the foreseeable future. Therefore, the Group considers the dividend yield to be zero.

(5)

Exercise price

The exercise price of the options was determined by the Group’s Board of Directors.

(6)

Fair value of underlying ordinary shares

The closing market price of the ordinary shares of the Company as of the grant/modification date was used as the fair value of the ordinary shares on that date.

FAIR VALUE MEASUREMENT	12 Months Ended
FAIR VALUE MEASUREMENT	Dec. 31, 2019
FAIR VALUE MEASUREMENT
FAIR VALUE MEASUREMENT	16. FAIR VALUE MEASUREMENT Measured on recurring basis The Group measured its financial assets and liabilities, including cash and cash equivalents, accounts receivable, amounts due from related parties, prepaid equipment costs, accounts payable and amounts to from related parties on a recurring basis as of December 31, 2018 and 2019. Cash and cash equivalents and restricted cash are classified within Level 1 of the fair value hierarchy because they are valued based on the quoted market price in an active market. The carrying amounts of accounts receivable, amounts due from related parties, prepaid equipment cost and accounts payable approximate their fair values due to their short-term maturity. Measured on non-recurring basis The Group measured property and equipment at fair value on a nonrecurring basis. The fair value was determined using models with significant unobservable inputs (Level 3 inputs). This was based on a number of key assumptions, including, but not limited to, undiscounted future cash flows and the annual net revenue projections based on the projected levels of advertising activities during the forecast periods, all of which were classified as Level 3 in the fair value hierarchy. As a result, the Group recorded $67,342, $564 and nil impairment charged for the years ended December 31, 2017, 2018 and 2019, respectively. The Group measured its long-term investment in AM Advertising at fair value on a nonrecurring basis as result of the disposal transaction. The fair value was determined using the market approach (AM Advertising’s capital transaction completed as of December 31,2018 and announced to the public) with unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities (Level 2 inputs). The impairment recorded was nil, $50,159 and nil for the years ended December 31, 2017, 2018 and 2019, respectively.

SHARE REPURCHASE PLAN	12 Months Ended
SHARE REPURCHASE PLAN	Dec. 31, 2019
SHARE REPURCHASE PLAN
SHARE REPURCHASE PLAN	17. SHARE REPURCHASE PLAN On March 21, 2011, the Board of Directors authorized the Company to repurchase up to $20,000 of its own outstanding ADSs within two years from March 21, 2011. On September 26, 2012, the Board of Directors approved to increase the amount of the share repurchase program to $40,000 of its own outstanding ADS and to extend the termination date of the share repurchase program to March 20, 2014. Up to December 31, 2019, the Company had repurchased an aggregate of 1,306,486 ADSs from the open market for a total consideration of $17,400, of which 438,137 ADSs had been cancelled and 868,349 ADSs were recorded as treasury stock. As of December 31, 2018 and 2019, accumulated 665,121 and 665,121 ADS of treasury stock have been reissued. On April 11, 2019, upon the execution of Amended and Restated Deposit Agreement which was agreed by AIRNET TECHNOLOGY INC. and JPMorgan Chase Bank, as depositary, 5 original ADSs is combined to 1 new ADS. The Group presents the number of ADSs by retrospectively adjusting to all periods presented. There were no repurchase or cancel of ADSs during the year ended December 31, 2019.

MAINLAND CHINA CONTRIBUTION PLAN	12 Months Ended
MAINLAND CHINA CONTRIBUTION PLAN	Dec. 31, 2019
MAINLAND CHINA CONTRIBUTION PLAN
MAINLAND CHINA CONTRIBUTION PLAN	18. MAINLAND CHINA CONTRIBUTION PLAN Full time employees of the Group in the PRC participate in a government-mandated multiemployer defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. PRC labor regulations require the Group to accrue for these benefits based on certain percentages of the employees’ income. The total contribution for such employee benefits were $3,256, $3,434 and $2,298 for the years ended December 31, 2017, 2018 and 2019, respectively.

STATUTORY RESERVES	12 Months Ended
STATUTORY RESERVES	Dec. 31, 2019
STATUTORY RESERVES
STATUTORY RESERVES	19. STATUTORY RESERVES As stipulated by the relevant law and regulations in the PRC, the Group’s subsidiaries, VIEs and VIEs’ subsidiaries in the PRC are required to maintain non-distributable statutory surplus reserve. Appropriations to the statutory surplus reserve are required to be made at not less than 10% of profit after taxes as reported in the subsidiaries’ statutory financial statements prepared under the PRC GAAP. Once appropriated, these amounts are not available for future distribution to owners or shareholders. Once the general reserve is accumulated to 50% of the subsidiaries’ registered capital, the subsidiaries can choose not to provide more reserves. The statutory reserve may be applied against prior year losses, if any, and may be used for general business expansion and production and increase in registered capital of the subsidiaries. The Group allocated no statutory reserves during the years ended December 31, 2017, 2018 and 2019. The statutory reserves cannot be transferred to the Company in the form of loans or advances and are not distributable as cash dividends except in the event of liquidation.

RESTRICTED NET ASSETS	12 Months Ended
RESTRICTED NET ASSETS	Dec. 31, 2019
RESTRICTED NET ASSETS
RESTRICTED NET ASSETS	20. RESTRICTED NET ASSETS Relevant PRC laws and regulations restrict the WFOEs, VIEs and VIEs’ subsidiaries from transferring a portion of their net assets, equivalent to the balance of their paid-in-capital, additional paid-in-capital and statutory reserves to the Group in the form of loans, advances or cash dividends. Relevant PRC statutory laws and regulations restrict the payments of dividends by the Group’s PRC subsidiaries and VIEs and VIEs’ subsidiaries from their respective retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. As of December 31, 2018, the balance of restricted net assets was $350,526, of which $144,923 was attributed to the paid-in-capital, additional paid-in-capital and statutory reserves of the VIEs and VIEs’ subsidiaries, and $205,603 was attributed to the paid in capital, additional paid-in-capital and statutory reserves of WFOE. As of December 31, 2019, the balance of restricted net assets was $349,549, of which $146,495 was attributed to the paid-in-capital, additional paid-in-capital and statutory reserves of the VIEs and VIEs' subsidiaries, and $203,054 was attributed to the paid in capital, additional paid-in-capital and statutory reserves of WFOE. Under applicable PRC laws, loans from PRC companies to their offshore affiliated entities require governmental approval, and advances by PRC companies to their offshore affiliated entities must be supported by bona fide business transactions.

COMMITMENTS

12 Months Ended

Dec. 31, 2019

COMMITMENTS

COMMITMENTS

21. COMMITMENTS

Concession fees

The Group has entered into concession right agreements with vendors, such as airlines. The contract terms of such concession rights are usually three to five years. The concession rights expire through 2022 and are renewable upon negotiation. Concession fees charged into statements of operations for the years ended December 31, 2017, 2018 and 2019 were $28,559, $20,976 and $12,302 respectively.

Future minimum concession fee payments under non-cancellable concession right agreements for all airlines were as follows:


Year ended December 31,

2020	$	10,593
2021 and thereafter		—

CONTINGENT LIABILITIES

12 Months Ended

Dec. 31, 2019

CONTINGENT LIABILITIES

CONTINGENT LIABILITIES

22. CONTINGENT LIABILITIES

(a) Approval for non-advertising content

A majority of the digital frames and digital TV screens in the Group’s network include programs that consist of both advertising content and non-advertising content. On December 6, 2007, the State Administration of Radio, Film or Television, or the SARFT, a governmental authority in the PRC, issued the Circular regarding Strengthening the Management of Public Audio-Video in Automobiles, Buildings and Other Public Areas, or the SARFT Circular. According to the SARFT Circular, displaying audio-video programs such as television news, films and television shows, sports, technology and entertainment through public audio-video systems located in automobiles, buildings, airports, bus or train stations, shops, banks and hospitals and other outdoor public systems must be approved by the SARFT. The Group intends to obtain the requisite approval of the SARFT for the Group’s non-advertising content, but the Group cannot assure that the Group will obtain such approval in compliance with this new SARFT Circular, or at all. In January 2014, the Group entered into a strategic alliance with China Radio International Oriental Network (Beijing) Co., Ltd ("CRION"), which manages the internet TV business of China International Broadcasting Network, to operate the CIBN-AirNet channel for broadcast network TV programs to air travelers in China. According to the terms of the cooperation arrangement with CRION, during the cooperation period from March 28, 2014 to March 27, 2024, CRION shall obtain and, from time to time, be responsible for obtaining any approval, license and consent regarding the regulation of broadcasting and television from relevant authorities.

There is no assurance that CRION will be able to obtain or maintain the requisite approval or the Group will be able to renew the contract with CRION when they expire. If the requisite approval is not obtained, the Group will be required to eliminate non-advertising content from the programs included in the Group’s digital frames and digital TV screens and advertisers may find the Group’s network less attractive and be unwilling to purchase advertising time slots on the Group’s network. As of December 31, 2019, the Group did not record a provision for this matter as management believes the possibility of adverse outcome of the matter is remote and any liability it may incur would not have a material adverse effect on its consolidated financial statements. However, it is not possible for the Group to predict the ultimate outcome and the possible range of the potential impact of failure to obtain such disclosed registrations and approvals primarily due to the lack of relevant data and information in the market in this industry in the past.

(b)

AM Advertising Dispute

Linghang Shengshi had served a legal letter, dated June 29, 2016 (the “Legal Letter”), on Longde Wenchuang to challenge the proposed transfers by Longde Wenchuang of their equity interests in AM Advertising to Shanghai Golden Bridge InfoTech Co., Ltd. (stock code: 603918), a PRC company with its shares listed on the Shanghai Stock Exchange (“Golden Bridge”). As of the date of the Legal Letter, Linghang Shengshi held 24.84% of the equity interests in AM Advertising. Longde Wenchuang and Culture Center held 28.57% and 46.43%, respectively, of the equity interests in AM Advertising. On June 14, 2016, Longde Wenchuang entered into an equity interest transfer agreement with Golden Bridge to transfer 75% equity interests in AM Advertising to Golden Bridge in consideration for shares in Golden Bridge (the “Transfer”). Neither of Longde Wenchuang sought consent from Linghang Shengshi with respect to the Transfer in accordance with the provisions of the Company Law of the People’s Republic of China (the “Company Law”). In the Legal Letter, Linghang Shengshi challenges the validity of the Transfer on the ground that it violated the statutory right of first refusal of Linghang Shengshi under the Company Law. Subsequent to the Group’s legal letter, Golden Bridge ceased acquisition of 75% equity interest of AM Advertising from Longde Wenchuang and Culture Center. Longde Wenchuang and Culture Center further dismissed the Group’s representative from Co-CEO position of AM Advertising.

On September 2, 2016, the Group received notice (the “September 2, 2016 Notice”) from the China International Economic and Trade Arbitration Commission (the “CIETAC”) that the Company, Chuangyi Technology, Linghang Shengshi and Mr. Herman Man Guo (collectively, the “Respondents”) were named as respondents by the Culture Center in an arbitration proceeding submitted by the Culture Center to the CIETAC in connection with the sale by the Group of 75% equity interests in AM Advertising to Culture Center and Longde Wenchuang in June 2015. Culture Center seeks specific performance by the Respondents of certain obligations under the transaction documents, which include, among other things, (i) the pledge by Linghang Shengshi and Mr. Guo of their respective equity interests in AM Advertising to Culture Center as security for their obligations under the transaction documents, (ii) the use of best efforts by the Respondents to cooperate with the Culture Center and Longde Wenchuang to procure the listing of AM Advertising in China and (iii) the performance by the Group and Mr. Guo of their respective non-compete obligations to refrain from holding, operating, or otherwise participating in any business that is the same or substantially the same as that of AM Advertising. The Group believes the arbitration request is without merit and intends to defend the actions vigorously. However, no assurances can be provided that the Group will prevail in this arbitration proceeding. In response to the September 2, 2016 Notice, the Group filed a notice against Culture Center to CIETAC for their breach of contract.

As a result of the above disputes, the Group is no longer able to exercise significant influence in operating and strategic decision of AM Advertising and cannot access to AM Advertising’s financial information. Accordingly, the Group accounted its investment in AM Advertising as equity investments without readily determinable fair values (see Note 9) as of December 31, 2017, 2018 and 2019. AM Advertising and its subsidiaries are no longer related parties to the Group. As of December 31, 2016, the Group treated the provision for earnout commitment of $23,549 as contingent liability and did not record any additional provision for this matter as management believes the possibility of adverse outcome of the matter is remote and any liability it may incur would not have a material adverse effect on its consolidated financial statements. On March 28, 2018, August 23, 2018 and November 2018, a MoU and its supplemental agreements respectively, with, among others, Longde Wenchuang and Beijing Cultural Center Construction and Development Fund (Limited Partnership), under which, among other things, Linghang Shengshi and Mr. Guo have agreed to pay or make available to AM Advertising on or prior to May 30, 2018 and further extended to September 30, 2018 and December 31, 2018 an aggregate of RMB304.5 million which was to be discounted by the following amounts (i) the RMB152.0 million profits attributable to Linghang Shengshi, Mr. Guo and Mr. Xu for the first nine months of 2015, based on a third-party pro forma audit report on AM Advertising; (ii) the loan of RMB88.0 million in principal balance and RMB7.8 million in interests; and (iii) the payment of RMB56.7 million in cash after the sale of the 20.32% equity interests in AM Advertising, which consisted of 20.18% equity interests hold by the Group and 0.14% equity interests hold by Mr. Man Guo and Mr. Qing Xu on behalf of the Group, and following the completion of the foregoing arrangements, the Group’s obligations with respect to the profit target for 2015, the earnout provision for the first nine months of 2015 and the loans between AM Advertising and Linghang Shengshi shall be deem completed. According to the aforesaid MoU, after Linghang Shengshi, Mr. Guo and Mr. Xu transfer all the equity interest of AM Advertising, they will cease to be shareholders of AM Advertising and will not be able to continuously assume the obligations in connection with the profit commitment and earn out provision as a matter of fact.

The sale of the 20.32% equity interests in AM Advertising (therein 20.18% was held by the Group) has been completed as of December 31,2018, while the cash payment of RMB56.7 million to Longde Wenchuang and Beijing Cultural Center Construction and Development Fund (Limited Partnership) has not been paid yet by the Group as of December 31, 2019. Upon the effectiveness of MoU, the Group has written off the contingency of provision for earnout provision, and has recorded an actual payable of earnout provision in the amount of RMB152.6 million as of December 31, 2018. On June 27, 2019, Linghang Shengshi received a letter of notification from AM Advertising requiring for the immediate payment for the net settlement of RMB 56.7 million (the “Letter”) and Linghang Shengshi responded to the Letter on June 28, 2019 by urging AM Advertising to cooperate with income tax deduction. As of December 31, 2019, Longde Wenchuang and Culture Center have not issued a written notice requesting the cancellation of the MoU, and according to an independent third-party attorney’s legal opinion, the MoU was still effective and the aforementioned actual payable of earnout provision remained.

(c)

GreatView Media Dispute

On September 29, 2018, SINOPEC Shanghai Oil Products Company (the “SINOPEC Shanghai”) brought before the district court of Huangpu, Shanghai a legal action against GreatView Media and AM Advertising. As plaintiff, SINOPEC Shanghai plead to the court a) to dissolve the advertising service agreement and supplementary agreement signed between SINOPEC Shanghai and GreatView Media; b) to support its claim to an overdue concession fee of RMB 24.4 million over the period starting from September 2009 to February 2018, which may be subject to change, payable by GreatView Media; c) to support its claim to an overdue electricity bill of RMB 2.9 million over the period starting from September 2009 to February 2018, which may be subject to change, payable by GreatView Media; d) to support its claim holding AM Advertising liable to both the overdue concession fee and electricity bill; and e) to support its claim that the legal fees shall be borne by the defendants. In February 2019, RMB 27.3 million has been paid to the court by Linghang Shengshi on behalf of GreatView Media as security of this matter, which will be returned to the Group after the case closes if the Group wins the case. On May 30, 2019, the court sentenced that GreatView Media should pay the overdue rental fee of RMB3.3 million to SINOPEC Shanghai and rejected SINOPEC Shanghai’s rest of the original claim. GreatView Media subsequently appealed against this sentence. As of the date of this annual report, the case has not yet closed and the Group is not able to predict the ultimate outcome and the possible range of the potential impact of failure primarily due to the legal action has just proceeded with the second court appearance and an exchange of evidence between the plaintiff and the defendants. As of December 31, 2019, The Group did not record a provision for this matter as a liability to SINOPEC Shanghai of RMB 18.7 million has been accrued as of December 31, 2018 and it’s assessed that no further indicator of additional liability should be provided as the second court appearance has not sentenced as of the date of this annual report. The management also believes the liability it may incur would not have a material adverse effect on its liquidity due to the fact that the deposit of RMB 27.3 million paid to the court has covered SINOPEC Shanghai’s total claim.

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2019

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

23. RELATED PARTY TRANSACTIONS

(a)

Details of outstanding balances with the Group’s related parties as of December 31, 2018 and 2019 were as follows:

Amount due from related parties:


		As of December 31,
Name of related parties	Relationship	2018		2019

Mambo Fiesta Limited. (1)	Shareholder of the Company	$	16	$	17
Shanghai Qingxuan Co.,Ltd. (1)	Entity controlled by Mr. Herman Man Guo		1		1
Global Earning Pacific Ltd. (1)	Shareholder of the Company		1		2
Wealthy Environment Limited. (1)	Shareholder of the Company		—		1
AirMedia Holding Ltd. (1)	Entity controlled by Mr. Herman Man Guo		—		3
AirMedia Merger Company Ltd. (1)	Entity controlled by Mr. Herman Man Guo		—		3

		$	18	$	27

(1)

The amounts represent interest free advances to the related parties in a short-term basis for operation purpose.

Amount due to related parties:


		As of December 31,
Name of related parties	Relationship	2018		2019

Beijing Eastern Media Corporation Ltd. (1)	Equity method investment	$	228	$	254
Mrs. Dan Shao	Principal Shareholder		—		2,873
		$	228	$	3,127

(1)

On the consolidated balance sheets as of December 31, 2018 issued in previous year, the Company disclosed accounts payable amounted to $39,304, which included the amount due to Beijing Eastern Media Corporation Ltd. (“BEMC”) of $228. The Company holds 49% of equity interest in BEMC and accounted BEMC as equity method investment as of December 31, 2018 and 2019. BEMC should be considered as a related party of the Company. The Company analyzed the misstatement of these disclosure on quantitative impact and qualitative impact, and concluded that the impact of above difference was not material in both quantitative view and qualitative view. Therefore, no restatement on the previously issued financial statement is necessary. However, the Company revised the comparable financial statement as of December 31, 2018 in this annual report for the comparable purpose. Accounts payable was revised from $39,304 to $39,076, while the amount due to related party was revised from nil to $228 as of December 31, 2018.

(b)

Details of transactions with the Group’s related parties for the years ended December 31, 2018 and 2019 were as follows:


	For the year ended December 31,
Transactions	2018		2019

Sales to Unicom AirNet.	$	78	$	—
Purchase from Beijing Eastern Media Corporation Ltd.	$	157	$	2,423

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2019
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	24. SUBSEQUENT EVENTS In early January of 2020, a novel coronavirus (“COVID-19”) outbreak took place in Wuhan, China. Subsequently, it has spread rapidly to Asia and other parts of the world. The COVID-19 outbreak has resulted in widespread economic disruptions in China, as well as stringent government measures by the Chinese government to contain its transmissions including quarantines, travel restrictions, and temporary closures of non-essential businesses in China and elsewhere. The Group’s result of operations and financial performance was adversely affected in the first quarter of 2020. As COVID-19 was gradually contained in China since the second quarter of 2020, travel restrictions have gradually reopened and the macro economy has gradually recovered in the meantime. Impact from COVID-19 on the Group’s business has also mitigated since then. In addition, to further mitigated the impact from COVID-19, the Group has conducted a stronger measure of cost reduction. However, as of the date of this annual report, the pandemic continues in other parts of the world and there is also slight rebound in several places in China from time to time. Airline business in which the Group mainly operates has not totally recovered to the status before COVID-19. The Group’s result of operations and financial performance for the fiscal year 2020 is still uncertain to the extent that COVID-19 exerts long-term negative impact on the Chinese economy. On August 13, 2020, the Company announced that its board of directors (the “Board”) has adopted a shareholder rights plan. Pursuant to the plan, the Company will issue one right (a “Right”) with respect to each outstanding ordinary share of the Company of a par value of US$0.001 each (the “Ordinary Shares”), held of record at the close of business on August 24, 2020. Each Right will initially entitle the registered holder to purchase one Ordinary Share at an exercise price of US$0.9 per Right, subject to adjustment. However, the Rights are not immediately exercisable and will become exercisable only upon the occurrence of certain events. On August 20, 2020, the Company announced that Dragonpass Co., Ltd. (“Dragonpass”), an independent third party, entered into a capital increase agreement (the “Agreement”) with relevant parties to subscribe for 1.61% of the equity interests in one of the Company’s subsidiaries providing media contents on airplanes for a consideration of RMB 10.0.million The Agreement further stated that the committed subscription of equity would be the initial installment of an intended aggregate investment of RMB 30.0 million, of which the terms of the next installment of RMB 20.0 million would be pending for further negotiations.

ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I FINANCIAL INFORMATION OF PARENT COMPANY

12 Months Ended

Dec. 31, 2019

ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I

ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I FINANCIAL INFORMATION OF PARENT COMPANY

AIRNET TECHNOLOGY INC.

ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I

FINANCIAL INFORMATION OF PARENT COMPANY

BALANCE SHEETS

(In U.S. dollars in thousands, except share and per share data)


	As of December 31,
	2018		2019

Assets
Current assets
Cash and cash equivalents	$	5	$	2
Amount due from subsidiaries		51,226		22,776
Other current assets		1,895		108

Total current assets		53,126		22,886

TOTAL ASSETS	$	53,126	$	22,886

Liabilities
Current liabilities
Accrued expenses and other current liabilities	$	1,727	$	2,422

Total liabilities		1,727		2,422

Equity
Ordinary Shares ($0.001 par value; 900,000,000 shares authorized in 2018 and 2019; 127,697,055 shares issued as of December 31, 2018 and 2019; 125,664,777 shares outstanding as of December 31, 2018 and 2019)		128		128
Additional paid-in capital		284,726		284,887
Treasury stock (2,032,278 shares as of December 31, 2018 and 2019)		(2,351)		(2,351)
Accumulated deficits		(262,415)		(293,892)
Accumulated other comprehensive income		31,311		31,692

Total equity		51,399		20,464

TOTAL LIABILITIES AND EQUITY	$	53,126	$	22,886

AIRNET TECHNOLOGY INC.

ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I

FINANCIAL INFORMATION OF PARENT COMPANY

STATEMENTS OF OPERATIONS

(In U.S. dollars in thousands)


	For the years ended December 31,
	2017		2018		2019
Operating expenses
Selling and marketing	$	—	$	—	$	—
General and administrative		(468)		(1,786)		(1,010)

Total operating expenses		(468)		(1,786)		(1,010)
Other income (loss), net		(5)		468		15
Investment loss in subsidiaries		(156,003)		(88,779)		(30,482)

Net loss attributable to holders of ordinary shares	$	(156,476)	$	(90,097)	$	(31,477)

AIRNET TECHNOLOGY INC.

ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I

FINANCIAL INFORMATION OF PARENT COMPANY

STATEMENTS OF COMPREHENSIVE LOSS

(In U.S. dollars in thousands)


	For the years ended December 31,
	2017		2018		2019

Net loss	$	(156,476)	$	(90,097)	$	(31,477)
Other comprehensive loss, net of tax:
Change in cumulative foreign currency translation adjustment		35,743		(4,140)		381

Comprehensive loss attributable to Parent Company	$	(120,733)	$	(94,237)	$	(31,096)

AIRNET TECHNOLOGY INC.

ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I

FINANCIAL INFORMATION OF PARENT COMPANY

STATEMENTS OF CHANGES IN EQUITY

(In U.S. dollars in thousands, except share and per share data)


								(Accumulated		Accumulated
	Ordinary shares			Additional				deficits)		other
				paid-in		Treasury		retained		comprehensive		Total
	Shares	Amount		capital		stock		earnings		Income (loss)		equity

Balance as of January 1, 2017	125,629,779	$	128	$	287,094	$	(2,351)	$	(15,842)	$	(292)	$	268,737

Share-based compensation	—		—		343		—		—		—		343
Foreign currency translation adjustment	—		—		—		—		—		35,743		35,743
Net loss	—		—		—		—		(156,476)		—		(156,476)
Acquisition of equity interests from non-controlling shareholders	—		—		(1,414)		—		—		—		(1,414)
Capital contribution from non-controlling interests	—		—		716		—		—		—		716
Balance as of December 31, 2017	125,629,779	$	128	$	286,739	$	(2,351)	$	(172,318)	$	35,451	$	147,649

Share issued to Ascent Investor Relations LLC	34,998		0.03		18								18
Share-based compensation					45								45
Foreign currency translation adjustment	—		—		—		—		—		(4,140)		(4,140)
Net loss	—		—		—		—		(90,097)		—		(90,097)
Capital withdraw from non-controlling					(1,131)								(1,131)
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest					(945)								(945)
Balance as of December 31, 2018	125,664,777	$	128	$	284,726	$	(2,351)	$	(262,415)	$	31,311	$	51,399

Share-based compensation	—		—		161		—		—		—		161
Foreign currency translation adjustment	—		—		—		—		—		381		381
Net loss	—		—		—		—		(31,477)		—		(31,477)
Balance as of December 31, 2019	125,664,777	$	128		284,887		(2,351)		(293,892)		31,692		20,464

AIRNET TECHNOLOGY INC.

ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I

FINANCIAL INFORMATION OF PARENT COMPANY

STATEMENTS OF CASH FLOWS

(In U.S. dollars in thousands)


	For the years ended December 31,
	2017		2018		2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(156,476)	$	(90,097)	$	(31,477)
Investment loss in subsidiaries		156,003		88,779		30,482
Share-based compensation		343		45		161
Bad debt provisions		—		—		286
CHANGES IN WORKING CAPITAL ACCOUNTS
Other current assets		1,907		24		1,501
Accrued expenses and other current liabilities		3		1,518		695
Amount due from subsidiaries		(1,830)		(353)		(1,651)

Net cash used in operating activities		(50)		(84)		(3)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercises of stock options		—		—		—

Net cash provided by financing activities		—		—		—

Net decrease in cash, cash equivalents and restricted cash		(50)		(84)		(3)
Cash, cash equivalents and restricted cash, at beginning of year		139		89		5

Cash, cash equivalents and restricted cash, at end of year	$	89	$	5	$	2

AIRNET TECHNOLOGY INC.

NOTES TO ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I

FINANCIAL INFORMATION OF PARENT COMPANY

(In U.S. dollars in thousands)

Notes:

1. BASIS FOR PREPARATION

The condensed financial information of the parent company, AirNet Technology Inc., only has been prepared using the same accounting policies as set out in the Group’s consolidated financial statements except that the parent company has used equity method to account for its investment in its subsidiaries.

2. INVESTMENTS IN SUBSIDIARIES AND VARIABLE INTEREST ENTITIES

The Company, its subsidiaries, its VIEs and VIEs’ subsidiaries are included in the consolidated financial statements where the inter-company balances and transactions are eliminated upon consolidation. For the purpose of the Company’s stand-alone financial statements, its investments in subsidiaries, VIEs and VIEs’ subsidiaries are reported using the equity method of accounting. The Company’s share of income and losses from its subsidiaries, VIEs and VIEs’ subsidiaries is reported as earnings from subsidiaries, VIEs and VIEs’ subsidiaries in the accompanying condensed financial information of parent company.

3. INCOME TAXES

The Company is a tax exempted company incorporated in the Cayman Islands.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

(a) Basis of presentation

The consolidated financial statements of the Group have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP").

Going concern

(b) Going concern

1. The Group plans to strengthen the air travel media network business to drive its revenues and bring in cash from operation;

2. The Group is focusing on improving operation efficiency and cost reduction to standardize operations, enhance internal controls, and create synergy of the Company’s resources;

Basis of consolidation

Discontinued operations

(d) Discontinued operations

Use of estimates

(e) Use of estimates

Significant risks and uncertainties

(f) Significant risks and uncertainties

Fair value

(g) Fair value

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

Fair value of financial instruments

(h) Fair value of financial instruments

The Group’s financial assets and liabilities measured at fair value on a non-recurring basis include equity investment and long-lived asset based on level 2 or 3 inputs.

Cash and cash equivalents

(i) Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and highly liquid deposits which are unrestricted as to withdrawal or use, and which have original maturities of three months or less when purchased.

Restricted cash

(j) Restricted cash

Restricted cash relates to amount required by the bank as frozen accounts by Court mainly due to the litigation as disclosed in Note 22 (c).

Property and equipment, net

(k) Property and equipment , net

Property and equipment are carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives:


Digital display network equipment		5 years
Gas station display network equipment		5 years
Wi-Fi		5 years
Furniture and fixture		5 years
Computer and office equipment		3‑5 years
Vehicle		5 years
Software		5 years
Buildings		40 years
Leasehold improvement		Shorter of the term of the lease
		or the estimated useful lives of the assets

Impairment of long-lived assets

(l) Impairment of long-lived assets

Long-term investments

(m) Long-term investments

Equity method investments

Equity investments without readily determinable fair values

Impairment for long-term investments

Leases

(n) Leases

The Group's lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Revenue recognition

(o) Revenue recognition

The Group’s contract with customers do not include multiple performance obligations, significant financing component and any variable consideration.

Revenue by service categories


	For the years ended December 31,
	2017		2018		2019
Revenues from operations:

Air Travel Media Network	$	18,702	$	22,212	$	25,954
Gas Station Media Network		4,093		413		—
Other Media		1,533		2,151		271
	$	24,328	$	24,776	$	26,225

Deferred revenue

Nonmonetary exchanges

Value Added Tax ("VAT")

(p) Value Added Tax ("VAT")

Concession fees

(q) Concession fees

Agency fees and Advertisement Publishing Fees

(r) Agency fees and Advertisement Publishing Fees

Advertising costs

(s) Advertising costs

Foreign currency translation

(t) Foreign currency translation

Income taxes

(u) Income taxes

Share-based payments

(v) Share-based payments

Comprehensive loss

(w) Comprehensive loss

Allowance of doubtful accounts

(x) Allowance of doubtful accounts

Concentration of credit risk

(y) Concentration of credit risk

Net loss per share

(z) Net loss per share

Government subsidies

(aa) Reclassification

Recent issued accounting standards

(bb) Recent issued accounting standards

Recently issued ASUs by the FASB, except for the ones mentioned above, and are not expected to have a material impact on the Group’s consolidated results of operations or financial position.

ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2019

Variable Interest Entity [Line Items]

Schedule of Company's Subsidiaries and VIE's


	Date of		Percentage
	incorporation/	Place of	of legal
Name	acquisition	incorporation	ownership

Intermediate Holding Company:
Broad Cosmos Enterprises Ltd. (“Broad Cosmos”)	June 26, 2006	British Virgin Islands ("BVI")	100	%
AirNet International Limited (Formerly AirMedia International Limited) ("AirNet International")	July 14, 2007	BVI	100	%
AirNet (China) Limited (Formerly AirMedia (China) Limited) ("AN China")	August 5, 2005	Hong Kong	100	%
Subsidiaries:
Yuehang Chuangyi Technology (Beijing) Co., Ltd. (Formerly AirMedia Technology (Beijing) Co., Ltd.) ("Chuangyi Technology")	September 19, 2005	the PRC	100	%
Shenzhen Yuehang Information Technology Co., Ltd. (Formerly Shenzhen AirMedia Information Technology Co., Ltd.) ("Shenzhen Yuehang")	June 6, 2006	the PRC	100	%
Xi’an Shengshi Dinghong Information Technology Co., Ltd. (Formerly Xi’an AirMedia Chuangyi Technology Co., Ltd.) ("Xi’an Shengshi")	December 31, 2007	the PRC	100	%
VIEs:
Beijing Linghang Shengshi Advertising Co., Ltd. (Formerly Beijing AirMedia Shengshi Advertising Co., Ltd.) ("Linghang Shengshi ")	August 7, 2005	the PRC	N/A
Wangfan Tianxia Network Technology Co., Ltd.(“Iwanfan”)	May 6, 2016	the PRC	N/A
Yuehang Sunshine Network Technology Group Co., Ltd. (Formerly AirMedia Online Network Technology Co., Ltd.) ("AirNet Online")	April 30, 2015	the PRC	N/A
VIEs’ subsidiaries:
Beijing Yuehang Digital Media Advertising Co., Ltd. ("Beijing Yuehang")	January 16, 2008	the PRC	N/A
Beijing AirNet Pictures Co., Ltd. (Formerly Beijing AirMedia Film & TV Culture Co., Ltd.) ("AirNet Pictures")	September 13, 2007	the PRC	N/A
Wenzhou Yuehang Advertising Co., Ltd. (Formerly Wenzhou AirMedia Advertising Co., Ltd.) ("Wenzhou Yuehang")	October 17, 2008	the PRC	N/A
Beijing Dongding Gongyi Advertising Co., Ltd. ("Dongding")	February 1, 2010	the PRC	N/A
Beijing GreatView Media Advertising Co., Ltd. (Formerly Beijing Weimei Shengjing Media Advertising Co., Ltd.) ("GreatView Media")	April 28, 2011	the PRC	N/A
Guangzhou Meizheng Online Network Technology Co., Ltd. (Formerly Guangzhou Meizheng Advertising Co., Ltd.) ("Guangzhou Meizheng")	May 17, 2013	the PRC	N/A
Air Esurfing Information Technology Co., Ltd. (Formerly Beijing AirMedia Tianyi Information Technology Co., Ltd.) ("Air Esurfing")	September 25, 2013	the PRC	N/A
Wangfan Linghang Mobile Network Technology Co., Ltd. (Formerly AirMedia Mobile Network Technology Co., Ltd. ("Linghang")	April 23, 2015	the PRC	N/A
AirMedia Henglong Mobile Network Technology Co., Ltd. ("AMHL Mobile")	April 27, 2015	the PRC	N/A
Beijing Wangfan Jiaming Pictures Co., Ltd. (Formerly Beijing AirMedia Jiaming Film & TV Culture Co., Ltd.) ("Wangfan Jiaming")	December 31, 2015	the PRC	N/A
Meizheng Network Information Technology Co., Ltd. (“Meizheng Network”)	August 8, 2016	the PRC	N/A
Beijing Wangfan Jiaming Advertising Co.,Ltd. (Formerly Beijing AirMedia Jiaming Advertising Co., Ltd.) ("Jiaming Advertising")	January 1, 2007	the PRC	N/A
Shandong Airmedia Cheweishi Network Technology Co., Ltd. (Formerly Shandong Airmedia Car Safety Technology Co.,Ltd.) (“Shangdong Cheweishi”)	July 21, 2016	the PRC	N/A
Dingsheng Ruizhi (Beijing) Investment Consulting Co., Ltd. (“Dingsheng Ruizhi”)	May 25, 2016	the PRC	N/A
Yuehang Zhongying E-commerce Co., Ltd. (“Zhongying”)	May 17, 2018	the PRC	N/A
Beijing Airport United Culture Media Co., Ltd. (“Airport United”)	June 19, 2018	the PRC	N/A
Yuehang Sunshine (Beijing) Asset Management Co., Ltd. (“Yuehang Asset”)	January 18, 2019	the PRC	N/A

Schedule of VIE's Income Statement Amounts


	For the years ended December 31,
	2017		2018		2019

Net revenues	$	23,759	$	24,546	$	26,022
Net loss		(173,516)		(86,344)		(30,972)
Net cash used in operating activities		(57,474)		(19,100)		(14,813)
Net cash (used in) provided by investing activities		(47,149)		20,113		4,440
Net cash provided by (used in) financing activities		874		(1,695)		(4,323)

AirNet's VIEs

Variable Interest Entity [Line Items]

Schedule of VIE's Balance Sheet Amounts


	As of December 31,
	2018		2019

Total current assets	$	53,573	$	38,697
Total non-current assets		60,375		58,603

Total assets		113,948		97,300

Total current liabilities		99,895		107,563
Total non-current liabilities		2,763		3,121

Total liabilities	$	102,658	$	110,684

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Estimated Useful Lives of Property and Equipment


Digital display network equipment		5 years
Gas station display network equipment		5 years
Wi-Fi		5 years
Furniture and fixture		5 years
Computer and office equipment		3‑5 years
Vehicle		5 years
Software		5 years
Buildings		40 years
Leasehold improvement		Shorter of the term of the lease
		or the estimated useful lives of the assets

Schedule of Revenues by Service Categories

Revenue by service categories


	For the years ended December 31,
	2017		2018		2019
Revenues from operations:

Air Travel Media Network	$	18,702	$	22,212	$	25,954
Gas Station Media Network		4,093		413		—
Other Media		1,533		2,151		271
	$	24,328	$	24,776	$	26,225

ACCOUNTS RECEIVABLE, NET (Tables)

12 Months Ended

Dec. 31, 2019

ACCOUNTS RECEIVABLE, NET

Schedule of Accounts Receivable, Net

Accounts receivable, net, consists of the following:


	As of December 31,
	2018		2019

Accounts receivable, gross	$	13,424	$	13,858
Less: Allowance for doubtful accounts		(5,486)		(5,437)
Accounts receivable, net	$	7,938	$	8,421

Schedule of Allowance for Doubtful Accounts

Movement of allowance for doubtful accounts is as follows:


	Allowance for doubtful accounts
January 1, 2017	$	3,815
Addition		1,403
Write off		(883)
Exchange rate adjustment		256
December 31, 2017		4,591
Addition		1,184
Write off		—
Exchange rate adjustment		(289)
December 31, 2018		5,486
Addition		113
Reverse		(93)
Exchange rate adjustment		(69)
December 31, 2019	$	5,437

OTHER CURRENT ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2019

OTHER CURRENT ASSETS, NET

Schedule of Other Current Assets Net

Other current assets, net, consist of the following:


	As of December 31,
	2018						2019
	Gross		Allowance		Net		Gross		Allowance		Net

Input VAT receivable(i)	$	17,540	$	—	$	17,540	$	6,387	$	—	$	6,387
Prepaid selling and marketing fees		308		—		308		272		(125)		147
Short-term deposits		711		—		711		4,670		—		4,670
Prepaid income tax		264		—		264		261		(188)		73
Prepaid individual income tax and other employee advances		224		—		224		260		(121)		139
Loans to third parties (ii)		38,242		(38,061)		181		37,769		(37,719)		50
Receivable from third party (iii)		4,463		(1,242)		3,221		3,705		(2,283)		1,422
Receivable from non-controlling interest holders		1,178		—		1,178		1,002		(1,002)		—
Receivable from AM Advertising and its subsidiaries (iv)		22,726		(8,787)		13,939		22,445		(8,678)		13,767
Other prepaid expenses		6,753		(3,988)		2,765		6,375		(4,285)		2,090
Others		726		—		726		51		-		51

Total	$	93,135	$	(52,078)	$	41,057	$	83,197	$	(54,401)	$	28,796

(i)

(ii)

(iii)

PROPERTY AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2019

PROPERTY AND EQUIPMENT, NET

Schedule of Property and Equipment, Net

Property and equipment, net, consist of the following:


	As of December 31,
	2018		2019

Digital display network equipment	$	6,183	$	6,604
Wi-Fi and network equipment		34,476		30,830
Gas station display network equipment		39,523		39,033
Software		9,241		9,633
Office property		10,888		10,753
Computer and office equipment		3,058		2,995
Vehicle		773		763
Leasehold improvement		2,783		2,413
Furniture and fixture		1,086		872
Total original costs		108,011		103,896
Less: impairment		(48,885)		(47,010)
Less: accumulated depreciation		(45,660)		(43,590)
Construction in progress		569		646
Less: impairment on construction in process		(569)		(562)

Total property and equipment, net	$	13,466	$	13,380

LONG-TERM INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2019

LONG-TERM INVESTMENTS

Schedule of Equity Method Investments


	As of December 31,
	2018			2019

	Percentage of			Percentage of
Name of company	ownership	Amount		ownership	Amount
	%			%

Beijing Eastern Media Corporation Ltd. (“BEMC “) (1)	49	$	1,769	49	$	2,304

Beijing Hezhong Chuangjin Investment Co., Ltd. ("Hezhong Chuangjin") (2)	15		1,886	15		1,863

Lanmeihangbiao Tiandi Internet Investment Management (Beijing) Co., Ltd. ("LMHB") (3)	40		179	40		177

Beijing Yuyue Film Culture Co., Ltd (“Yuyue Film”) (4)	25		343	—		—

Unicom AirNet (Beijing) Network Co., Ltd. ("Unicom AirNet") (5)	39		15,413	39		11,970

Less: impairment on equity method investments:
Hezhong Chuangjin (2)			(1,886)			(1,863)
LMHB (3)			(179)			(177)
Yuyue Film (4)			(343)			—

Equity method investments, net (6)		$	17,182		$	14,274

(1)

(2)

(3)

(4)

(5)

(6)

Schedule of Cost Method Investments


	As of December 31,
	2018			2019

	Percentage of			Percentage of
Name of company	ownership	Amount		ownership	Amount
	%			%
Zhangshangtong Air Service (Beijing) Co., Ltd. ("Zhangshangtong") (1)	20	$	392	20	$	387

Beijing Zhongjiao Huineng Information Technology Co., Ltd (“Zhongjiao Huineng”) (2)	13		546	13		540

AM Advertising (3)	20		77,424	20		76,464

Less: impairment
Zhangshangtong (1)			(392)			(387)
Zhongjiao Huineng (2)			(546)			(540)
AM Advertising (3)			(48,335)			(47,736)

Equity investments without readily determinable fair values, net		$	29,089		$	28,728

(1)

(2)

LEASE (Tables)

12 Months Ended

Dec. 31, 2019

LEASE

Schedule of supplemental balance sheet information related to operating lease


	As of December 31,
	2018		2019
Right-of-use assets	$	—	$	1,519

Operating lease liabilities - current	$	—	$	902
Operating lease liabilities - non-current		—		535
Total operating lease liabilities	$	—	$	1,437


Remaining lease term and discount rate:

Weighted average remaining lease term (years)	1.63
Weighted average discount rate	7.5	%

Summary of lease expenses


	For the year ended December 31, 2019
Operating lease cost	$	1,031
Short-term lease cost		154
Total	$	1,185

Schedule of maturities of lease liabilities


2020	$	1,045
2021		582
Total lease payments		1,627
Less: imputed interest		(190)
Present value of lease liabilities	$	1,437

LONG-TERM DEPOSITS (Tables)

12 Months Ended

Dec. 31, 2019

LONG-TERM DEPOSITS, NET

Schedule of Long Term Deposits

Long-term deposits, net consist of the following:


	As of December 31,
	2018		2019

Concession fee deposits	$	920	$	646
Office rental deposits		430		208

Total long-term deposits	$	1,350	$	854

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2019

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the follows:


	As of December 31,
	2018		2019

Accrued payroll and welfare	$	1,719	$	1,444
Other tax payable		350		335
Accrued staff disbursement		1,214		1,366
Deposit payable		247		241
Accrued professional fees		172		173
Other current liabilities (i)		1,857		840
Other accrued expenses		643		633
Payable to AM Advertising and its subsidiaries (ii)		3,556		3,512

	$	9,758	$	8,544

(i)

The other current liabilities represent other payable to third parties of $788 and payable to capital withdraw of non-controlling shareholders of $52.

(ii)

The amounts due to AM Advertising and its subsidiaries mainly represent the operation borrowings payable.

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

INCOME TAXES

Schedule of Income Tax (Expenses)/Benefits

Income tax expenses are as follows:


	For the years ended December 31,
	2017		2018		2019

Income tax expenses:
Current	$	633	$	150	$	691
Deferred		—		—		—
	$	633	$	150	$	691

Schedule of Deferred Income Tax Assets and Liabilities

The principal components of the Group’s deferred income tax assets are as follows:


	As of December 31,
	2018		2019
Deferred tax assets:
Allowance for doubtful accounts	$	14,173	$	15,341
Amortization of intangible assets		232		93
Net operating loss carry forwards		67,865		44,350
Excess marketing and advertising expense (15%)		12		54
Impairment on inventory		—		80
Total deferred tax assets		82,282		59,918

Valuation allowance		(82,282)		(59,918)

Total deferred tax assets, net	$	—	$	—

Schedule of Effective Income Tax Rate Reconciliation

Reconciliation between the provision for income taxes computed by applying the PRC EIT rate of 25% to income before income taxes and the actual provision of income taxes is as follows:


	For the years ended December 31,
	2017			2018			2019

Net loss before provision for income taxes	$	(178,548)		$	(93,269)		$	(33,213)
PRC statutory tax rate		25	%		25	%		25	%
Income tax at statutory tax rate		(44,637)			(23,317)			(8,303)

Expenses not deductible for tax purpose
Entertainment expenses exceeded the tax limit		91			132			96
Tax effect of impairment loss on property and equipment and intangible assets		12,539			302			—
Tax effect of unrealized net operating loss		—			—			30,854
Tax effect of other permanent differences		2,482			4,913			(1,118)
Changes in valuation allowance		28,815			17,080			(22,364)
Effect of preferential tax rates granted to PRC entities		670			689			1,215
Effect of income tax rate difference in other jurisdictions		673			351			311

Income tax expenses	$	633		$	150		$	691

Effective tax rates		(0.4)	%		(0.2)	%		(2.1)	%

Schedule of rollforward of uncertain tax position

The rollforward of uncertain tax position is as follows:


	As December 31,
	2017		2018		2019

Unrecognized tax benefits, beginning of year	$	12,725	$	12,725	$	11,065
Reductions related to settlement of tax matters		—		(1,660)		—
Unrecognized tax benefits, end of year		12,725		11,065		11,065

NET LOSS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2019

NET LOSS PER SHARE

Schedule of the Calculation of Net Loss per Share

The calculation of the net loss per share is as follows:


	For the years ended December 31,
	2017		2018		2019

Numerator:
Net loss attributable to AirNet Technology Inc.'s ordinary shareholders	$	(156,476)	$	(90,097)	$	(31,477)

Denominator:
Weighted average ordinary shares outstanding used in computing net loss per ordinary share
Basic and diluted		125,629,779		125,653,175		125,664,777
Weighted average shares used in calculating loss per ADS
Basic and diluted		12,562,978		12,565,318		12,566,478

Net loss per ordinary share
Basic and diluted	$	(1.25)	$	(0.72)	$	(0.25)

Net loss per ADS (i)
Basic and diluted	$	(12.46)	$	(7.17)	$	(2.50)

(i)

SHARE BASED PAYMENTS (Tables)

12 Months Ended

Dec. 31, 2019

SHARE BASED PAYMENTS

Schedule of Stock Option Activities

The following summary of stock option activities under the 2007, 2011 and 2012 Share incentive plans as of December 31, 2019, reflective of all modifications is presented below:


	Outstanding Options
		Weighted				Weighted
		average		Weighted		average
		exercise		average		remaining	Aggregate
	Number of	price		grant-date		contractual	intrinsic
	options	per option		fair value		terms	value

Outstanding as of January 1, 2019	5,866,028	$	1.15	$	1.05	—	$	—
Granted	5,500,000		0.24		0.24
Exercised	—
Forfeited	(52,500)		0.24		0.24
Expired	(1,430,088)		1.03		1.03

Outstanding as of December 31, 2019	9,883,440	$	0.66	$	0.61	2.65	$	3,324
Options vested and expected to vest as of December 31, 2019	9,883,440	$	0.66	$	0.61	2.65	$	3,324

Options exercisable as of December 31, 2019	5,715,940	$	0.96	$	0.96	1.68	$	188

COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2019

COMMITMENTS

Schedule of Future Minimum Concession Fee Payments

Future minimum concession fee payments under non-cancellable concession right agreements for all airlines were as follows:


Year ended December 31,

2020	$	10,593
2021 and thereafter		—

RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2019

RELATED PARTY TRANSACTIONS

Schedule of Amount Due From/To Related Parties

(a)

Details of outstanding balances with the Group’s related parties as of December 31, 2018 and 2019 were as follows:

Amount due from related parties:


		As of December 31,
Name of related parties	Relationship	2018		2019

Mambo Fiesta Limited. (1)	Shareholder of the Company	$	16	$	17
Shanghai Qingxuan Co.,Ltd. (1)	Entity controlled by Mr. Herman Man Guo		1		1
Global Earning Pacific Ltd. (1)	Shareholder of the Company		1		2
Wealthy Environment Limited. (1)	Shareholder of the Company		—		1
AirMedia Holding Ltd. (1)	Entity controlled by Mr. Herman Man Guo		—		3
AirMedia Merger Company Ltd. (1)	Entity controlled by Mr. Herman Man Guo		—		3

		$	18	$	27

(1)

The amounts represent interest free advances to the related parties in a short-term basis for operation purpose.

Amount due to related parties:


		As of December 31,
Name of related parties	Relationship	2018		2019

Beijing Eastern Media Corporation Ltd. (1)	Equity method investment	$	228	$	254
Mrs. Dan Shao	Principal Shareholder		—		2,873
		$	228	$	3,127

(1)

(b)

Details of transactions with the Group’s related parties for the years ended December 31, 2018 and 2019 were as follows:


	For the year ended December 31,
Transactions	2018		2019

Sales to Unicom AirNet.	$	78	$	—
Purchase from Beijing Eastern Media Corporation Ltd.	$	157	$	2,423

ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I FINANCIAL INFORMATION OF PARENT COMPANY (Tables)

12 Months Ended

Dec. 31, 2019

ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I

Schedule of Parent's Condensed Balance Sheets


	As of December 31,
	2018		2019

Assets
Current assets
Cash and cash equivalents	$	5	$	2
Amount due from subsidiaries		51,226		22,776
Other current assets		1,895		108

Total current assets		53,126		22,886

TOTAL ASSETS	$	53,126	$	22,886

Liabilities
Current liabilities
Accrued expenses and other current liabilities	$	1,727	$	2,422

Total liabilities		1,727		2,422

Equity
Ordinary Shares ($0.001 par value; 900,000,000 shares authorized in 2018 and 2019; 127,697,055 shares issued as of December 31, 2018 and 2019; 125,664,777 shares outstanding as of December 31, 2018 and 2019)		128		128
Additional paid-in capital		284,726		284,887
Treasury stock (2,032,278 shares as of December 31, 2018 and 2019)		(2,351)		(2,351)
Accumulated deficits		(262,415)		(293,892)
Accumulated other comprehensive income		31,311		31,692

Total equity		51,399		20,464

TOTAL LIABILITIES AND EQUITY	$	53,126	$	22,886

Schedule of Parent's Condensed Statements of Operations


	For the years ended December 31,
	2017		2018		2019
Operating expenses
Selling and marketing	$	—	$	—	$	—
General and administrative		(468)		(1,786)		(1,010)

Total operating expenses		(468)		(1,786)		(1,010)
Other income (loss), net		(5)		468		15
Investment loss in subsidiaries		(156,003)		(88,779)		(30,482)

Net loss attributable to holders of ordinary shares	$	(156,476)	$	(90,097)	$	(31,477)

Schedule of Parents' Condensed Statements of Comprehensive Income/Loss


	For the years ended December 31,
	2017		2018		2019

Net loss	$	(156,476)	$	(90,097)	$	(31,477)
Other comprehensive loss, net of tax:
Change in cumulative foreign currency translation adjustment		35,743		(4,140)		381

Comprehensive loss attributable to Parent Company	$	(120,733)	$	(94,237)	$	(31,096)

Schedule of Parent's Condensed Statements of Changes in Equity


								(Accumulated		Accumulated
	Ordinary shares			Additional				deficits)		other
				paid-in		Treasury		retained		comprehensive		Total
	Shares	Amount		capital		stock		earnings		Income (loss)		equity

Balance as of January 1, 2017	125,629,779	$	128	$	287,094	$	(2,351)	$	(15,842)	$	(292)	$	268,737

Share-based compensation	—		—		343		—		—		—		343
Foreign currency translation adjustment	—		—		—		—		—		35,743		35,743
Net loss	—		—		—		—		(156,476)		—		(156,476)
Acquisition of equity interests from non-controlling shareholders	—		—		(1,414)		—		—		—		(1,414)
Capital contribution from non-controlling interests	—		—		716		—		—		—		716
Balance as of December 31, 2017	125,629,779	$	128	$	286,739	$	(2,351)	$	(172,318)	$	35,451	$	147,649

Share issued to Ascent Investor Relations LLC	34,998		0.03		18								18
Share-based compensation					45								45
Foreign currency translation adjustment	—		—		—		—		—		(4,140)		(4,140)
Net loss	—		—		—		—		(90,097)		—		(90,097)
Capital withdraw from non-controlling					(1,131)								(1,131)
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest					(945)								(945)
Balance as of December 31, 2018	125,664,777	$	128	$	284,726	$	(2,351)	$	(262,415)	$	31,311	$	51,399

Share-based compensation	—		—		161		—		—		—		161
Foreign currency translation adjustment	—		—		—		—		—		381		381
Net loss	—		—		—		—		(31,477)		—		(31,477)
Balance as of December 31, 2019	125,664,777	$	128		284,887		(2,351)		(293,892)		31,692		20,464

Schedule of Parent's Condensed Statements of Cash Flows


	For the years ended December 31,
	2017		2018		2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(156,476)	$	(90,097)	$	(31,477)
Investment loss in subsidiaries		156,003		88,779		30,482
Share-based compensation		343		45		161
Bad debt provisions		—		—		286
CHANGES IN WORKING CAPITAL ACCOUNTS
Other current assets		1,907		24		1,501
Accrued expenses and other current liabilities		3		1,518		695
Amount due from subsidiaries		(1,830)		(353)		(1,651)

Net cash used in operating activities		(50)		(84)		(3)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercises of stock options		—		—		—

Net cash provided by financing activities		—		—		—

Net decrease in cash, cash equivalents and restricted cash		(50)		(84)		(3)
Cash, cash equivalents and restricted cash, at beginning of year		139		89		5

Cash, cash equivalents and restricted cash, at end of year	$	89	$	5	$	2

ORGANIZATION AND PRINCIPAL ACTIVITIES - Additional Information (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Yuehang Chuangyi Technology (Beijing) Co., Ltd. ("Chuangyi Technology")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	100.00%
AirMedia Online Network Technology Co., Ltd. ("AirNet Online") \| Yuehang Chuangyi Technology (Beijing) Co., Ltd. ("Chuangyi Technology")
Organization And Principal Activities [Line Items]
Due from Affiliate, Noncurrent	¥ 50,000
Debt Instrument, Term	15 days
Beijing Linghang Shengshi Advertising Co., Ltd. Linghang Shengsh
Organization And Principal Activities [Line Items]
Minimum Annual Service Fee Percentage	0.50%
AM Yuehan
Organization And Principal Activities [Line Items]
Minimum Annual Service Fee Percentage	1.00%
Variable Interest Entity, Primary Beneficiary
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	100.00%
Variable Interest Entity, Consolidated Net Revenue Percentage	100.00%	100.00%	100.00%
Variable Interest Entity, Consolidated Total Assets Percentage	99.60%	87.80%
Variable Interest Entity, Consolidated Total Liabilities Percentage	94.90%	88.90%

ORGANIZATION AND PRINCIPAL ACTIVITIES - Schedule of Companies Subsidiaries and VIE's (Details)	12 Months Ended
	Dec. 31, 2019
Beijing Dongding Gongyi Advertising Co., Ltd. ("Dongding")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Feb. 01, 2010
Entity Place Of Incorporation	the PRC
Beijing GreatView Media Advertising Co., Ltd. (Formerly Beijing Weimei Shengjing Media Advertising Co., Ltd.) ("GreatView Media")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Apr. 28, 2011
Entity Place Of Incorporation	the PRC
Guangzhou Meizheng Online Network Technology Co., Ltd. ("Guangzhou Meizheng")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	May 17, 2013
Entity Place Of Incorporation	the PRC
Beijing Yuehang Tianyi Electronic Information Technology Co., Ltd.(Formerly Beijing AirMedia Tianyi Information Technology Co., Ltd.) ("Yuehang Tianyi")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Sep. 25, 2013
Entity Place Of Incorporation	the PRC
Meizheng Network Information Technology Co., Ltd. ("Meizheng Network")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Aug. 08, 2016
Entity Place Of Incorporation	the PRC
Wangfan Linghang Mobile Network Technology Co., Ltd. ("Linghang")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Apr. 23, 2015
Entity Place Of Incorporation	the PRC
Shandong Airmedia Cheweishi Network Technology Co.,Ltd.("Shangdong Cheweishi ")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Jul. 21, 2016
Entity Place Of Incorporation	the PRC
Dingsheng Ruizhi (Beiing) Investment Consulting Co., Ltd. ("Dingsheng Ruizhi"
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	May 25, 2016
Entity Place Of Incorporation	the PRC
Yuehang Sunshine (Beijing) Asset Management Co., Ltd. ("Yuehang Asset")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Jan. 18, 2019
Entity Place Of Incorporation	the PRC
Beijing Wangfan Jiaming Pictures Co., Ltd. (Formerly Beijing AirMedia Jiaming Film & TV Culture Co., Ltd.) ("Wangfan Jiaming")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Dec. 31, 2015
Entity Place Of Incorporation	the PRC
Yuehang Zhongying E-commerce Co., Ltd. Zhongying"
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	May 17, 2018
Entity Place Of Incorporation	the PRC
Beijing Airport United Culture Media Co., Ltd. ("Airport United")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Jun. 19, 2018
Entity Place Of Incorporation	the PRC
Beijing Linghang Shengshi Advertising Co., Ltd. Linghang Shengsh
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Aug. 07, 2005
Entity Place Of Incorporation	the PRC
Wangfan Network Technology Co., Ltd.("Iwanfan")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	May 06, 2016
Entity Place Of Incorporation	the PRC
Beijing Yuehang Digital Media Advertising Co., Ltd. ("Beijing Yuehang")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Jan. 16, 2008
Entity Place Of Incorporation	the PRC
AirMedia Online Network Technology Co., Ltd. ("AirNet Online")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Apr. 30, 2015
Entity Place Of Incorporation	the PRC
Beijing AirNet Pictures Co., Ltd. ("AirNet Pictures")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Sep. 13, 2007
Entity Place Of Incorporation	the PRC
Wenzhou Yuehang Advertising Co., Ltd. ("Wenzhou Yuehang")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Oct. 17, 2008
Entity Place Of Incorporation	the PRC
Beijing Wangfan Jiaming Advertising Co.,Ltd. (Formerly Beijing AirMedia Jiaming Advertising Co., Ltd.)
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Jan. 01, 2007
Entity Place Of Incorporation	the PRC
Yuehang Chuangyi Technology (Beijing) Co., Ltd. ("Chuangyi Technology")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Sep. 19, 2005
Entity Place Of Incorporation	the PRC
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	100.00%
Shenzhen Yuehang Information Technology Co., Ltd. ("Shenzhen Yuehang")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Jun. 06, 2006
Entity Place Of Incorporation	the PRC
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	100.00%
Xi'an Shengshi Dinghong Information Technology Co., Ltd. Xi'an Shengsh
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Dec. 31, 2007
Entity Place Of Incorporation	the PRC
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	100.00%
Broad Cosmos Enterprises Ltd. ("Broad Cosmos")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Jun. 26, 2006
Entity Place Of Incorporation	British Virgin Islands ("BVI")
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	100.00%
AirNet International Limited ("AirNet International")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Jul. 14, 2007
Entity Place Of Incorporation	BVI
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	100.00%
AirNet (China) Limited ("AN China")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Aug. 05, 2005
Entity Place Of Incorporation	Hong Kong
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	100.00%
AirMedia Henglong Mobile Network Technology Co., Ltd. ("AMHL Mobile")
Organization And Principal Activities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Date Involvement Began	Apr. 27, 2015
Entity Place Of Incorporation	the PRC

ORGANIZATION AND PRINCIPAL ACTIVITIES - Schedule of VIE's Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Total current assets	$ 38,921	$ 66,365
Total assets	97,706	129,816
Total current liabilities	113,548	112,654
Total liabilities	116,669	115,417
AirNet's VIEs
Variable Interest Entity [Line Items]
Total current assets	38,697	53,573
Total non-current assets	58,603	60,375
Total assets	97,300	113,948
Total current liabilities	107,563	99,895
Total non-current liabilities	3,121	2,763
Total liabilities	$ 110,684	$ 102,658

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(11))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(12))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(17))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(16))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(14))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(10))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

ORGANIZATION AND PRINCIPAL ACTIVITIES - Schedule of VIE's Consolidated Statement of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Variable Interest Entity [Line Items]
Net loss	$ (33,904)	$ (93,419)	$ (179,181)
Net cash used in operating activities	(14,916)	(19,774)	(58,570)
Net cash (used in) provided by investing activities	4,440	20,096	(47,166)
Net cash provided by (used in) financing activities	(4,323)	(1,695)	874
AirNet's VIEs
Variable Interest Entity [Line Items]
Net revenues	26,022	24,546	23,759
Net loss	(30,972)	(86,344)	(173,516)
Net cash used in operating activities	(14,813)	(19,100)	(57,474)
Net cash (used in) provided by investing activities	4,440	20,113	(47,149)
Net cash provided by (used in) financing activities	$ (4,323)	$ (1,695)	$ 874

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Significant Accounting Policies [Line Items]
VAT rate	6.00%
Advertising expenses	$ 622	$ 623	$ 1,209
Operating Income (Loss)	(33,375)	(48,752)	(178,804)
Net Cash Provided by (Used in) Operating Activities	(14,916)	(19,774)	(58,570)
Income Tax Examination, Penalties and Interest Expense		4,324		$ 1,660	$ 2,664
Sale of equity interest, percentage					75.00%
Accrued Income Taxes	11,065	11,065
Unrecognized Tax Benefits	11,065	11,065	12,725	$ 12,725
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	11,065
Unrecognized Tax Benefits, Income Tax Penalties Expense	0	4,324	0
Unrecognized Tax Benefits, Interest on Income Taxes Expense	0	0	0
Operating Lease, Liability	1,437
Contract with Customer, Liability, Current	2,813	1,995
Revenue, Remaining Performance Obligation, Amount	1,659
Contract with Customer, Asset, Net	1,724
Revenue from non monetary transactions	0	0	0
Direct costs for non monetary exchanges	0
Cost of non-deductible input VAT that generated in prior years	$ 10,998	$ 0	$ 0
PRC Tax Administration and Collection Law [Member]
Significant Accounting Policies [Line Items]
Operating Loss Carryforwards, Limitations on Use	According to the PRC Tax Administration and Collection Law, the statute of limitations is three years if the underpayment of taxes is due to computational errors made by the taxpayer or the withholding agent. The statute of limitations is extended to five years under special circumstances, where the underpayment of taxes is more than RMB 100. In the case of transfer pricing issues, the statute of limitation is ten years. There is no statute of limitation in the case of tax evasion.
Hong Kong Inland Revenue Department [Member]
Significant Accounting Policies [Line Items]
Operating Loss Carryforwards, Limitations on Use	According to Hong Kong Inland Revenue Department, the statute of limitation is six years if any company chargeable with tax has not been assessed or has been assessed at less than the proper amount, the statute of limitation is extended to 10 years if the underpayment of taxes is due to fraud or willful evasion.
Exchange of equipment and other assets \| Yijie
Significant Accounting Policies [Line Items]
Revenue from non monetary transactions	$ 792
Settlement of confession fee	3,678
Exchange of office software \| Beijing Kingsoft Co., Ltd.
Significant Accounting Policies [Line Items]
Consideration amount	$ 431
Minimum
Significant Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage	20.00%
Maximum
Significant Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage	50.00%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Estimated Useful Lives of Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2019
Digital display network equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Gas station display network equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Wi-Fi
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Furniture and fixture
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Computer and office equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Computer and office equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Vehicle
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Software
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Building
Property, Plant and Equipment [Line Items]
Estimated useful lives	40 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Revenues by Service Categories (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues from operations:
Revenues	$ 26,225	$ 24,776	$ 24,328
Air Travel Media Network
Revenues from operations:
Revenues	25,954	22,212	18,702
Gas Station Media Network
Revenues from operations:
Revenues		413	4,093
Other Media
Revenues from operations:
Revenues	$ 271	$ 2,151	$ 1,533

ACCOUNTS RECEIVABLE, NET - Schedule of Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ACCOUNTS RECEIVABLE, NET
Accounts receivable, gross	$ 13,858	$ 13,424
Less: Allowance for doubtful accounts	(5,437)	(5,486)	$ (4,591)	$ (3,815)
Accounts receivable, net	$ 8,421	$ 7,938

ACCOUNTS RECEIVABLE, NET - Schedule of Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ACCOUNTS RECEIVABLE, NET
Balance at beginning of the year	$ 5,486	$ 4,591	$ 3,815
Addition	113	1,184	1,403
Reverse	(93)
Write off		0	(883)
Exchange rate adjustment	(69)	(289)	256
Balance at end of the year	$ 5,437	$ 5,486	$ 4,591

OTHER CURRENT ASSETS, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Gross	$ 83,197	$ 93,135
Allowance	(54,401)	(52,078)
Net	28,796	41,057
Receivable from third party
Gross	3,705	4,463
Allowance	(2,283)	(1,242)
Net	1,422	3,221
Receivable from non-controlling interest holders
Gross	1,002	1,178
Allowance	(1,002)
Net		1,178
Receivable from AM Advertising and its subsidiaries
Gross	22,445	22,726
Allowance	(8,678)	(8,787)
Net	13,767	13,939
Other prepaid expenses
Gross	6,375	6,753
Allowance	(4,285)	(3,988)
Net	2,090	2,765
Other
Gross	51	726
Net	51	726
Short-term deposits
Gross	4,670	711
Net	4,670	711
Input VAT receivable
Gross	6,387	17,540
Net	6,387	17,540
Prepaid selling and marketing fees
Gross	272	308
Allowance	(125)
Net	147	308
Prepaid income tax
Gross	261	264
Allowance	(188)
Net	73	264
Prepaid individual income tax and other employee advances
Gross	260	224
Allowance	(121)
Net	139	224
Loans to third parties
Gross	37,769	38,242
Allowance	(37,719)	(38,061)
Net	$ 50	$ 181

OTHER CURRENT ASSETS, NET (Details) (Parenthetical) $ in Thousands, ¥ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2018 USD ($)	Dec. 31, 2015	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Gross						$ 83,197	$ 93,135
Loans to third parties						$ 37,769	$ 38,242
Debt instrument interest rate		4.35%			5.00%	5.00%	4.35%
Loans and Leases Receivable, Allowance						$ 2,283	$ 1,242
Am Advertising And Its Subsidiaries Current Assets						13,767
Sale of equity interest, percentage				75.00%
AM Advertising [Member]
Loans and Leases Receivable, Allowance						8,678	8,787
Am Advertising And Its Subsidiaries Current Assets						22,445	22,726
Disposal Group, Including Discontinued Operation, Consideration \| ¥		¥ 304.5
Variable Interest Entity, Measure of Activity, Operating Income or Loss \| ¥		152.0
Debt Instrument, Face Amount \| ¥					¥ 88.0
Proceeds from Sale of Cost Method Investments \| ¥		56.7
Interest Receivable \| ¥					¥ 7.8
Third Parties Loan [Member]
Loans and Leases Receivable, Allowance						37,719	38,061
Shareholder Loan [Member]
Debt Instrument, Face Amount \| ¥		88.0
Interest Receivable \| ¥		¥ 7.8
Input VAT receivable
Decrease in input VAT receivable			$ 11,153
Gross						$ 6,387	$ 17,540
Cost of non-deductible input VAT generated in prior years was recognized	$ 10,998

PREPAID CONCESSION FEES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
PREPAID CONCESSION FEES
Prepaid Expense, Current	$ 718	$ 1,813
Bad debt provision accrual	$ 582

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property and equipment	$ 103,896	$ 108,011
Less: impairment	(47,010)	(48,885)
Less: accumulated depreciation	(43,590)	(45,660)
Total property and equipment, net	13,380	13,466
Depreciation, Depletion and Amortization	1,018	1,560	$ 11,547
Asset Impairment Charges	0	564	$ 67,342
Digital display network equipment
Property, Plant and Equipment [Line Items]
Property and equipment	6,604	6,183
Wifi And Network Equipment
Property, Plant and Equipment [Line Items]
Property and equipment	30,830	34,476
Gas station display network equipment
Property, Plant and Equipment [Line Items]
Property and equipment	39,033	39,523
Software
Property, Plant and Equipment [Line Items]
Property and equipment	9,633	9,241
Office property
Property, Plant and Equipment [Line Items]
Property and equipment	10,753	10,888
Computer and office equipment
Property, Plant and Equipment [Line Items]
Property and equipment	2,995	3,058
Vehicle
Property, Plant and Equipment [Line Items]
Property and equipment	763	773
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property and equipment	2,413	2,783
Furniture and fixture
Property, Plant and Equipment [Line Items]
Property and equipment	872	1,086
Construction in Progress
Property, Plant and Equipment [Line Items]
Property and equipment	646	569
Less: impairment	$ (562)	$ (569)

PREPAID EQUIPMENT COST, NET - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019 USD ($) item	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Schedule Of Prepaid Equipment Cost [Line Items]
Prepaid equipment costs	$ 30,000	$ 2,364,000
Bad debt provisions	7,184,000	11,912,000	$ 37,255,000
Bad debt provision accrual	$ 582,000
Unit price	202
Prepaid equipment costs	$ 30,000	2,364,000
Air Line WIFI Equipment [Member]
Schedule Of Prepaid Equipment Cost [Line Items]
Prepaid equipment costs		2,364,000
Bad debt provisions	2,238,000
Prepaid equipment costs		$ 2,364,000
satellite equipment
Schedule Of Prepaid Equipment Cost [Line Items]
Bad debt provision accrual	$ 1,000
Minimum quantity to be purchased in first 3 years \| item	500
Number of quantity already purchased \| item	40
Unit price	202,000
signal generators
Schedule Of Prepaid Equipment Cost [Line Items]
Prepaid equipment costs	$ 30,000
Prepaid equipment costs	$ 30,000

LONG-TERM INVESTMENTS - Schedule of Equity Method Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Amount	$ 14,274	$ 17,182
Less: impairment on equity method investments:	$ (2,040)	$ (2,408)
Beijing Eastern Media Corporation Ltd. ("BEMC") [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	49.00%	49.00%
Amount	$ 2,304	$ 1,769
Hezhong Chuangjin [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	15.00%	15.00%
Amount	$ 1,863	$ 1,886
Less: impairment on equity method investments:	$ (1,863)	$ (1,886)
LMHB [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	40.00%	40.00%
Amount	$ 177	$ 179
Less: impairment on equity method investments:	$ (177)	$ (179)
Yuyue Film [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage		25.00%
Amount		$ 343
Less: impairment on equity method investments:		$ (343)
Unicom Air Net Beijing Network Co Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	39.00%	39.00%
Amount	$ 11,970	$ 15,413

LONG-TERM INVESTMENTS - Schedule of Equity Method Investments (Details) (Parenthetical) $ in Thousands, ¥ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Feb. 22, 2017 CNY (¥)	Mar. 18, 2008
Schedule of Equity Method Investments [Line Items]
Impairment loss on equity method investments	$ 2,040	$ 2,408
Equity Method Investments	14,274	17,182
Accumulated impairment loss on investments	177
Decrease in equity method investments		2,908
Beijing Eastern Media Corporation Ltd. ("BEMC ") [Member]
Schedule of Equity Method Investments [Line Items]
Gain (loss) on investment	562	247	$ 57
Beijing Eastern Media Corporation Ltd. ("BEMC ") [Member] \| Parent Company [Member] \| Reportable Legal Entities [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage					51.00%
Beijing Eastern Media Corporation Ltd. ("BEMC ") [Member] \| China Eastern Media Corporation [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage					49.00%
Hezhong Chuangjin [Member]
Schedule of Equity Method Investments [Line Items]
Gain (loss) on investment	$ 0	$ 0	78
Ownership percentage	15.00%	15.00%
Impairment loss on equity method investments	$ 1,863	$ 1,886
Equity Method Investments	1,863	1,886
Accumulated impairment loss on investments	1,863	1,886
Lanmeihangbiao Tiandi Internet Investment Management (Beijing) Co., Ltd. ("LMHB") [Member]
Schedule of Equity Method Investments [Line Items]
Gain (loss) on investment	0	33	48
Impairment loss on equity method investments		185
Beijing Yuyue Film Culture Co., Ltd ("Yuyue Film") [Member]
Schedule of Equity Method Investments [Line Items]
Gain (loss) on investment	0	0	$ 95
Impairment loss on equity method investments		355
Unicom AirNet (Beijing) Network Co., Ltd. ("Unicom AirNet") [Member]
Schedule of Equity Method Investments [Line Items]
Gain (loss) on investment	$ 3,281	$ 1,114
Ownership percentage				39.00%
Equity Method Investments \| ¥				¥ 117.9

LONG-TERM INVESTMENTS - Schedule of Cost method investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cost Method Investments, Fair Value Disclosure	$ 28,728	$ 29,089
Less: impairment on cost method investments	$ 48,662	$ 49,273
Zhangshangtong Air Service (Beijing) Co., Ltd. ("Zhangshangtong") [Member]
Ownership percentage, cost method	20.00%	20.00%
Cost Method Investments, Fair Value Disclosure	$ 387	$ 392
Less: impairment on cost method investments	$ (387)	$ (392)
Beijing Zhongjiao Huineng Information Technology Co., Ltd ("Zhongjiao Huineng") [Member]
Ownership percentage, cost method	13.30%	13.00%
Cost Method Investments, Fair Value Disclosure	$ 540	$ 546
Less: impairment on cost method investments	$ (540)	$ (546)
AM Advertising [Member]
Ownership percentage, cost method	20.00%	20.00%
Cost Method Investments, Fair Value Disclosure	$ 76,464	$ 77,424
Less: impairment on cost method investments	$ (47,736)	$ (48,335)

LONG-TERM INVESTMENTS - Schedule of Cost method investment (Details) (Parenthetical) $ in Thousands, ¥ in Millions		12 Months Ended
	Jun. 22, 2020 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 USD ($)
Schedule of Investments [Line Items]
Impairment loss on cost method investments		$ (48,662)	$ (49,273)
Impairment loss on equity method investments		2,040	2,408
Accumulated Impairment Loss on Investments						$ 177
Amount of consideration received for sale of investments		7,245	$ 22,640	$ 1,502
Zhangshangtong Air Service (Beijing) Co., Ltd. ("Zhangshangtong") [Member]
Schedule of Investments [Line Items]
Ownership percentage, cost method			20.00%		20.00%	20.00%
Impairment loss on cost method investments		387	$ 392
Impairment loss on equity method investments			$ 407
Accumulated Impairment Loss on Investments						$ 387
Percentage of ownership interest sold	20.00%
Amount of consideration received for sale of investments \| ¥	¥ 0.4
Beijing Zhongjiao Huineng Information Technology Co., Ltd ("Zhongjiao Huineng") [Member]
Schedule of Investments [Line Items]
Ownership percentage, cost method			13.00%		13.30%	13.30%
Impairment loss on cost method investments		540	$ 546
Impairment loss on equity method investments			$ 567
Accumulated Impairment Loss on Investments						$ 540
AM Advertising [Member]
Schedule of Investments [Line Items]
Ownership percentage, cost method			20.00%		20.00%	20.00%
Impairment loss on cost method investments		$ 47,736	$ 48,335
Outstanding amount of supplementary agreement \| ¥					¥ 380.0
AM Advertising with Foreign Currency Translation Adjustment [Member]
Schedule of Investments [Line Items]
Ownership percentage, cost method			20.32%
Impairment loss on cost method investments			$ (50,159)
Accumulated Impairment Loss on Investments						$ 47,736

LEASE (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Supplemental balance sheet information
Right-of-use assets	$ 1,519	$ 0
Operating lease liabilities - current	902	0
Operating lease liabilities - non-current	535	$ 0
Total operating lease liabilities	$ 1,437
weighted average remaining lease terms and discount rates
Weighted average remaining lease term (years)	1 year 7 months 17 days
Weighted average discount rate	7.50%

LEASE - Lease expenses (Details) - USD ($) $ in Thousands	12 Months Ended
LEASE - Lease expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
LEASE
Operating lease cost	$ 1,031
Short-term lease cost	154
Total	1,185
Cash payment for operating lease under ASC 842	992
Rental expenses based on ASC 840	$ 2,854	$ 2,076

LEASE - Maturities of lease liabilities (Details) $ in Thousands	Dec. 31, 2019 USD ($)
LEASE
2020	$ 1,045
2021	582
Total lease payments	1,627
Less: imputed interest	(190)
Present value of lease liabilities	$ 1,437

LONG-TERM DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
LONG-TERM DEPOSITS, NET
Concession fee deposits	$ 646	$ 920
Office rental deposits	208	430
Total long-term deposits	$ 854	$ 1,350

OTHER NON-CURRENT ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
OTHER NON-CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
OTHER NON-CURRENT ASSETS
Asset Impairment Charges	$ 0	$ 564	$ 67,342

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Accrued payroll and welfare	$ 1,444	$ 1,719
Other tax payable	335	350
Accrued staff disbursement	1,366	1,214
Deposit payable	241	247
Accrued professional fees	173	172
Other current liabilities	840	1,857
Other accrued expenses	633	643
Payable to AM Advertising and its subsidiaries	3,512	3,556
Total accrued expenses and other current liabilities	$ 8,544	$ 9,758

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) (Parenthetical) $ in Thousands	Dec. 31, 2019 USD ($)
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Other Liabilities to Third Parties	$ 788
Payables to Non Controlling Interest	$ 52

INCOME TAXES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		25.00%	25.00%	25.00%
Operating Loss Carryforwards		$ 193,633
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount		(22,364)	$ 17,080	$ 28,815
Assessable profit to determine applicable tax rate		2,000
Income Tax Examination, Penalties and Interest Expense			4,324		$ 1,660	$ 2,664
Sale of equity interest, percentage						75.00%
Accrued Income Taxes		11,065	11,065
Unrecognized Tax Benefits		11,065	11,065	12,725	$ 12,725
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations		11,065
Unrecognized Tax Benefits, Income Tax Penalties Expense		0	4,324	0
Unrecognized Tax Benefits, Interest on Income Taxes Expense		$ 0	$ 0	$ 0
PRC Enterprise Income Tax [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		25.00%
PRC Enterprise Income Tax [Member] \| Wangfan Linghang Mobile Network Technology Co., Ltd. ("Linghang")
Income Taxes [Line Items]
Preferential tax rate	15.00%
Inland Revenue, Hong Kong [Member] \| Corporate Entity [Member] \| Maximum
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		16.50%
Inland Revenue, Hong Kong [Member] \| Corporate Entity [Member] \| Minimum
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		8.25%
Inland Revenue, Hong Kong [Member] \| Non Corporate Entity [Member] \| Maximum
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		15.00%
Inland Revenue, Hong Kong [Member] \| Non Corporate Entity [Member] \| Minimum
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		7.50%
Chuangyi Technology [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		15.00%
Chuangyi Technology [Member] \| PRC Enterprise Income Tax [Member]
Income Taxes [Line Items]
Preferential tax rate		25.00%	25.00%	15.00%

INCOME TAXES - Schedule of Income Tax (Expenses)/Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income tax expenses:
Current	$ 691	$ 150	$ 633
Deferred		0
Income tax expenses, Net	$ 691	$ 150	$ 633

INCOME TAXES - Schedule of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Allowance for doubtful accounts	$ 15,341	$ 14,173
Amortization of intangible assets	93	232
Net operating loss carry forwards	44,350	67,865
Excess marketing and advertising expense (15%)	54	12
Impairment on inventory	80	0
Total deferred tax assets	59,918	82,282
Valuation allowance	(59,918)	(82,282)
Total deferred tax assets, net	$ 0	$ 0

INCOME TAXES - Schedule of Reconciliation of Effective Income Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
INCOME TAXES
Net loss before provision for income taxes	$ (33,213)	$ (93,269)	$ (178,548)
PRC statutory tax rate	25.00%	25.00%	25.00%
Income tax at statutory tax rate	$ (8,303)	$ (23,317)	$ (44,637)
Expenses not deductible for tax purpose
Entertainment expenses exceeded the tax limit	96	132	91
Tax effect of impairment loss on property and equipment and intangible assets		302	12,539
Tax effect of unrealized net operating loss	30,854		0
Tax effect of other permanent differences	(1,118)	4,913	2,482
Changes in valuation allowance	(22,364)	17,080	28,815
Effect of preferential tax rates granted to PRC entities	1,215	689	670
Effect of income tax rate difference in other jurisdictions	311	351	673
Income tax expenses	$ 691	$ 150	$ 633
Effective tax rates	(2.10%)	(0.20%)	(0.40%)

INCOME TAXES - Schedule of Rollforward of uncertain tax position (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Rollforward of uncertain tax position
Unrecognized tax benefits, beginning of year	$ 11,065	$ 12,725	$ 12,725
Reductions related to settlement of tax matters	0	(1,660)	0
Unrecognized tax benefits, end of year	$ 11,065	$ 11,065	$ 12,725

NET LOSS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Numerator:
Net loss attributable to AirMedia Group Inc.'s ordinary shareholders	$ (31,477)	$ (90,097)	$ (156,476)
Weighted average ordinary shares outstanding used in computing net loss per ordinary share
Basic and diluted	125,664,777	125,653,175	125,629,779
Weighted average shares used in calculating loss per ADS
Basic and diluted	125,664,777	125,653,175	125,629,779
Net loss per ordinary share
Basic and diluted	$ (0.25)	$ (0.72)	$ (1.25)
Net loss per ADS
Basic and diluted	$ (0.25)	$ (0.72)	$ (1.25)
American Depositary Shares [Member]
Weighted average ordinary shares outstanding used in computing net loss per ordinary share
Basic and diluted	12,566,478	12,565,318	12,562,978
Weighted average shares used in calculating loss per ADS
Basic and diluted	12,566,478	12,565,318	12,562,978
Net loss per ordinary share
Basic and diluted	$ (2.50)	$ (7.17)	$ (12.46)
Net loss per ADS
Basic and diluted	$ (2.50)	$ (7.17)	$ (12.46)

NET LOSS PER SHARE (Details) (Parenthetical) - $ / shares	1 Months Ended
	Mar. 29, 2020	Aug. 13, 2020	Dec. 31, 2019	Dec. 31, 2018
Common Stock, Par or Stated Value Per Share			$ 0.001	$ 0.001
Subsequent Event [Member]
Number Of Shares Underlying For Each ADS	10
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Subsequent Event [Member] \| American Depositary Shares [Member]
Reverse Stock Split Minimum Block Per Shares	5
Number Of Shares After Reverse Stock Split Per Each Block	$ 1
Common Stock, Par or Stated Value Per Share	$ 0.01

SHARE BASED PAYMENTS - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands						12 Months Ended
	Mar. 01, 2019	Feb. 15, 2019	May 12, 2015	Aug. 01, 2014	Jun. 01, 2014	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted						5,500,000
Exercise price						$ 0.24
Share-based compensation expense						$ 161	$ 45	$ 343
Intrinsic value of options exercised during the period						0	0	$ 0
Unrecognized compensation cost						$ 437	$ 0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						2 years 4 months 24 days	0 years
2012 stock incentive plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted				140,000	2,376,620
Exercise price				$ 1.045	$ 1.025
Contract life				5 years
2012 stock incentive plan [Member] \| Non Employee Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted			660,000
Exercise price			$ 1.675
2012 stock incentive plan [Member] \| Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted	1,200,000	4,300,000
Exercise price	$ 0.23	$ 0.24
Contract life	5 years	5 years

SHARE BASED PAYMENTS - Schedule of Stock Option Activities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Number of options
Outstanding as of December 31, 2019	5,866,028
Granted	5,500,000
Exercised	0
Forfeited	(52,500)
Expired	(1,430,088)
Options outstanding as of December 31, 2019	9,883,440	5,866,028
Options vested and expected to vest as of December 31, 2019	9,883,440
Options exercisable as of December 31, 2019	5,715,940
Weighted average exercise price per option
Outstanding as of January 1, 2019	$ 1.15
Granted	0.24
Exercised	0.00
Forfeited	0.24
Expired	1.03
Outstanding as of December 31, 2019	0.66	$ 1.15
Options vested and expected to vest as of December 31, 2019	0.66
Options exercisable as of December 31, 2019	0.96
Weighted average grant-date fair value
Outstanding as of January 1, 2019	1.05
Granted	0.24
Exercised	0.00
Forfeited	0.24
Expired	1.03
Outstanding as of December 31, 2019	0.61	$ 1.05
Options vested and expected to vest as of December 31, 2019	0.61
Options exercisable as of December 31, 2019	$ 0.96
Weighted average remaining contractual terms
Outstanding	2 years 7 months 24 days	0 years
Options vested and expected to vest as of December 31, 2019	2 years 7 months 24 days
Options exercisable as of December 31, 2019	1 year 8 months 5 days
Aggregate intrinsic value
Outstanding	$ 3,324,000	$ 0
Options vested and expected to vest as of December 31, 2019	3,324,000
Options exercisable as of December 31, 2019	$ 188,000

FAIR VALUE MEASUREMENT - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
FAIR VALUE MEASUREMENT
Impairment of Intangible Assets, Finite-lived	$ 0	$ 564	$ 67,342
Other than Temporary Impairment Losses, Investments	$ 0	$ 50,159	$ 0

SHARE REPURCHASE PLAN (Details) - USD ($) $ in Thousands	12 Months Ended
SHARE REPURCHASE PLAN (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Sep. 26, 2012	Mar. 21, 2011
SHARE REPURCHASE PLAN
ADSs authorized for repurchase			$ 40,000	$ 20,000
Number of ADSs repurchased	1,306,486
Shares repurchased, amount	$ 17,400
Shares cancelled, shares	438,137
Treasury stock, Number of ADSs	868,349
Number of ADSs reissued	665,121	665,121

MAINLAND CHINA CONTRIBUTION PLAN - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
MAINLAND CHINA CONTRIBUTION PLAN
Contribution to employee benefits	$ 2,298	$ 3,434	$ 3,256

STATUTORY RESERVES - Additional Information (Details)	12 Months Ended
STATUTORY RESERVES - Additional Information (Details)	Dec. 31, 2019
Description Of General Reserve Limit On Registered Capital	Once the general reserve is accumulated to 50% of the subsidiaries' registered capital
Minimum
Percentage Of Appropriation To Reserve	10.00%

RESTRICTED NET ASSETS - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
RESTRICTED NET ASSETS
Restricted net assets	$ 349,549	$ 350,526
Restricted assets attributable to VIEs	146,495	144,923
Statutory reserves	$ 203,054	$ 205,603

COMMITMENTS - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
COMMITMENTS
Concession fees	$ 12,302	$ 20,976	$ 28,559

COMMITMENTS - Schedule of Future Minimum Concession Fee Payments (Details) $ in Thousands	Dec. 31, 2019 USD ($)
2020	$ 1,045
2021	582
Total lease payments	1,627
Concession fee payments [Member]
2020	10,593
2021 and thereafter	$ 0

CONTINGENT LIABILITIES - Additional Information (Details) $ in Thousands, ¥ in Millions		1 Months Ended	5 Months Ended	12 Months Ended
	Jun. 27, 2019 CNY (¥)	Feb. 28, 2019 CNY (¥)	Aug. 31, 2018	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Sep. 29, 2018 CNY (¥)	Sep. 02, 2016	Jun. 29, 2016
Contingent Liability \| $								$ 23,549
Proceeds from Sale of Equity Method Investments \| $					$ 7,245		$ 22,640	$ 1,502
Interest Expense, Debt				¥ 7.8
Payables of Earnout Commitment \| $									$ 21,913	$ 22,188
Shareholder Loan [Member]
Debt Instrument, Face Amount						¥ 88.0
Longde Wenchuang the Buyer [Member]
Cash Payments						56.7
GreatView Media Dispute [Member]
Contingent Liability						18.7
Concession Fees Due											¥ 24.4
Accrued Electricity Current											¥ 2.9
Payment Of Security Deposit To Court		¥ 27.3				¥ 27.3
Payments for Rent		¥ 3.3
AM Advertising [Member]
Equity interest retained						20.32%				20.32%
Disposal Group, Including Discontinued Operation, Consideration				304.5
Variable Interest Entity, Measure of Activity, Operating Income or Loss						¥ 152.0
Proceeds from Sale of Cost Method Investments				¥ 56.7
Loss Contingency Accrual, Provision						¥ 152.6
Payment of Settlements	¥ 56.7
AM Advertising [Member] \| Linghang Shengshi [Member]
Equity interest retained													24.84%
AM Advertising [Member] \| AirMedia Group Inc [Member]
Equity interest retained						20.18%				20.18%
Cost Method Investment, Sale of Ownership Percentage			20.18%
AM Advertising [Member] \| Mr. Man Guo [Member]
Cost Method Investment, Sale of Ownership Percentage			0.14%
AM Advertising [Member] \| Longde Wenchuang the Buyer [Member]
Equity interest retained													28.57%
AM Advertising [Member] \| Linghang Shengshi [Member]
Equity interest retained												75.00%
AM Advertising [Member] \| Culture Center [Member]
Equity interest retained													46.43%
AM Advertising [Member] \| Shanghai Golden Bridge InfoTech Co., Ltd. [Member]
Equity interest retained													75.00%

RELATED PARTY TRANSACTIONS - Schedule of Amount Due from Related Parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Amount due from related parties	$ 27	$ 18
Increase (Decrease) in Due to Related Parties	30	0	$ 0
Amount due to related parties	3,127	228
AirMedia Holding Ltd [Member] \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Amount due from related parties	3	0
AirMedia Merger Company Ltd [Member] \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Amount due from related parties	3	0
Wealthy Environment Limited [Member] \| Shareholder [Member]
Related Party Transaction [Line Items]
Amount due from related parties	1	0
Global Earning Pacific Ltd. [Member] \| Shareholder [Member]
Related Party Transaction [Line Items]
Amount due from related parties	2	1
Mambo Fiesta Limited [Member] \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Amount due from related parties	17	16
Shanghai Qingxuan Co Ltd [Member] \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Amount due from related parties	$ 1	$ 1
Beijing Eastern Media Corporation Ltd. [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage	49.00%	49.00%
Beijing Eastern Media Corporation Ltd. [Member] \| Affiliated Entity [Member]
Related Party Transaction [Line Items]
Accounts Payable, Related Parties		$ 39,076
Beijing Eastern Media Corporation Ltd. [Member] \| Equity Method Investments [Member]
Related Party Transaction [Line Items]
Increase (Decrease) in Due to Related Parties		228
Amount due to related parties	$ 254	228
Accounts Payable, Related Parties		39,304
Mrs. Dan Shao [Member] \| Shareholder [Member]
Related Party Transaction [Line Items]
Amount due to related parties	$ 2,873	$ 0

RELATED PARTY TRANSACTIONS - Schedule of Group Related Party (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Beijing Eastern Airlines Media Co Ltd [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party	$ 2,423	$ 157
Unicom Air Net Beijing Network Co Ltd [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties		$ 78

SUBSEQUENT EVENTS - Additional Information (Details) $ / shares in Units, $ in Thousands, ¥ in Millions		12 Months Ended
	Aug. 20, 2020 CNY (¥)	Dec. 31, 2019 USD ($) $ / shares shares	Aug. 13, 2020 $ / shares	Mar. 29, 2020 $ / shares	Dec. 31, 2018 USD ($) $ / shares	Sep. 26, 2012 USD ($)	Mar. 21, 2011 USD ($)
Subsequent Event [Line Items]
Accounts Payable, Current \| $		$ 35,544			$ 39,076
Stock Repurchase Program, Authorized Amount \| $						$ 40,000	$ 20,000
Stock Repurchased During Period, Shares \| shares		1,306,486
Common Stock, Par or Stated Value Per Share \| $ / shares		$ 0.001			$ 0.001
Maximum
Subsequent Event [Line Items]
Equity Method Investment, Ownership Percentage		50.00%
Subsequent Event [Member]
Subsequent Event [Line Items]
Common Stock, Par or Stated Value Per Share \| $ / shares			$ 0.001	$ 0.001
Share Price \| $ / shares			$ 0.9
Subsequent Event [Member] \| Dragonpass Co., Ltd. [Member]
Subsequent Event [Line Items]
Equity Method Investment, Ownership Percentage	1.61%
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable \| ¥	¥ 10.0
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value \| ¥	20.0
Subsequent Event [Member] \| Dragonpass Co., Ltd. [Member] \| Maximum
Subsequent Event [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value \| ¥	¥ 30.0

ADDITIONAL INFORMATION-FINANCIAL STATEMENT - Schedule of Parent Company Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 958	$ 15,536	$ 15,355
Other current assets	28,796	41,057
Total current assets	38,921	66,365
TOTAL ASSETS	97,706	129,816
Current liabilities
Accrued expenses and other current liabilities	8,544	9,758
Total liabilities	116,669	115,417
Equity
Ordinary Shares ($0.001 par value; 900,000,000 shares authorized in 2018 and 2019; 127,697,055 shares issued as of December 31, 2018 and 2019; 125,664,777 shares outstanding as of December 31, 2018 and 2019)	128	128
Additional paid-in capital	284,887	284,726
Treasury stock (2,032,278 shares as of December 31, 2018 and 2019)	(2,351)	(2,351)
Accumulated deficits	(293,892)	(262,415)
Accumulated other comprehensive income	31,692	31,311
Total equity	(18,963)	14,399	123,679	$ 266,597
TOTAL LIABILITIES AND EQUITY	97,706	129,816
Parent Company [Member] \| Reportable Legal Entities [Member]
Current assets
Cash and cash equivalents	2	5	89	139
Amount due from subsidiaries	22,776	51,226
Other current assets	108	1,895
Total current assets	22,886	53,126
TOTAL ASSETS	22,886	53,126
Current liabilities
Accrued expenses and other current liabilities	2,422	1,727
Total liabilities	2,422	1,727
Equity
Ordinary Shares ($0.001 par value; 900,000,000 shares authorized in 2018 and 2019; 127,697,055 shares issued as of December 31, 2018 and 2019; 125,664,777 shares outstanding as of December 31, 2018 and 2019)	128	128
Additional paid-in capital	284,887	284,726
Treasury stock (2,032,278 shares as of December 31, 2018 and 2019)	(2,351)	(2,351)
Accumulated deficits	(293,892)	(262,415)
Accumulated other comprehensive income	31,692	31,311
Total equity	20,464	51,399	$ 147,649	$ 268,737
TOTAL LIABILITIES AND EQUITY	$ 22,886	$ 53,126

ADDITIONAL INFORMATION-FINANCIAL STATEMENT - Schedule of Parent Company Balance Sheets (Details) (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	900,000,000	900,000,000
Common stock, shares issued	127,697,055	127,697,055
Common stock, shares outstanding	125,664,777	125,664,777
Treasury stock, shares	2,032,278	2,032,278

ADDITIONAL INFORMATION-FINANCIAL STATEMENT - Schedule of Parent Company Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating expenses
Selling and marketing	$ (4,445)	$ (7,492)	$ (12,747)
General and administrative	(20,208)	(31,502)	(62,818)
Total operating expenses	(25,810)	(40,668)	(143,596)
Other income (loss), net	3,301	7,926	214
Parent Company [Member] \| Reportable Legal Entities [Member]
Operating expenses
Selling and marketing	0	0
General and administrative	(1,010)	(1,786)	(468)
Total operating expenses	(1,010)	(1,786)	(468)
Other income (loss), net	15	468	(5)
Investment loss in subsidiaries	(30,482)	(88,779)	(156,003)
Net loss attributable to holders of ordinary shares	$ (31,477)	$ (90,097)	$ (156,476)

ADDITIONAL INFORMATION-FINANCIAL STATEMENT - Schedule of Parent Company Statements of Comprehensive loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other comprehensive loss, net of tax:
Change in cumulative foreign currency translation adjustment	$ 381	$ (2,974)	$ 35,716
Comprehensive loss attributable to Parent Company	(31,096)	(94,237)	(120,733)
Parent Company [Member] \| Reportable Legal Entities [Member]
Condensed Financial Statements, Captions [Line Items]
Net loss	(31,477)	(90,097)	(156,476)
Other comprehensive loss, net of tax:
Change in cumulative foreign currency translation adjustment	381	(4,140)	35,743
Comprehensive loss attributable to Parent Company	$ (31,096)	$ (94,237)	$ (120,733)

ADDITIONAL INFORMATION-FINANCIAL STATEMENT - Schedule of Parent Company Statements of Changes in Equity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Beginning Balance	$ 14,399,000	$ 123,679,000	$ 266,597,000
Stock option exercised, shares	0
Share-based compensation	$ 161,000	45,000	343,000
Foreign currency translation adjustment	381,000	(2,974,000)	35,716,000
Net (loss)	(33,904,000)	(93,419,000)	(179,181,000)
Acquisition of equity interests from non-controlling shareholders		(795,000)	(1,414,000)
Capital contribution from non-controlling interests			1,863,000
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest		795,000	1,414,000
Ending Balance	$ (18,963,000)	$ 14,399,000	$ 123,679,000
Common Stock [Member]
Condensed Financial Statements, Captions [Line Items]
Beginning Balance, shares	125,664,777	125,629,779	125,629,779
Beginning Balance	$ 128,000	$ 128,000	$ 128,000
Share-based compensation		0	0
Foreign currency translation adjustment	0	0	0
Net (loss)	$ 0	0	$ 0
Acquisition of equity interests from non-controlling shareholders		0
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest		$ 0
Ending Balance, shares	125,664,777	125,664,777	125,629,779
Ending Balance	$ 128,000	$ 128,000	$ 128,000
Additional Paid-in Capital [Member]
Condensed Financial Statements, Captions [Line Items]
Beginning Balance	284,726,000	286,739,000	287,094,000
Share-based compensation	161,000	45,000	343,000
Foreign currency translation adjustment	0	0	0
Net (loss)	0	0	0
Acquisition of equity interests from non-controlling shareholders		(945,000)	(1,414,000)
Capital contribution from non-controlling interests			716,000
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest		945,000	1,414,000
Ending Balance	284,887,000	284,726,000	286,739,000
Treasury stock [Member]
Condensed Financial Statements, Captions [Line Items]
Beginning Balance	(2,351,000)	(2,351,000)	(2,351,000)
Share-based compensation		0	0
Foreign currency translation adjustment	0	0	0
Net (loss)	0	0	0
Acquisition of equity interests from non-controlling shareholders		0
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest		0
Ending Balance	(2,351,000)	(2,351,000)	(2,351,000)
Accumulated deficits [Member]
Condensed Financial Statements, Captions [Line Items]
Beginning Balance	(262,415,000)	(172,318,000)	(15,842,000)
Share-based compensation		0	0
Foreign currency translation adjustment	0	0	0
Net (loss)	(31,477,000)	(90,097,000)	(156,476,000)
Acquisition of equity interests from non-controlling shareholders		0
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest		0
Ending Balance	(293,892,000)	(262,415,000)	(172,318,000)
Accumulated other comprehensive income (loss)[Member]
Condensed Financial Statements, Captions [Line Items]
Beginning Balance	31,311,000	35,451,000	(292,000)
Share-based compensation		0	0
Foreign currency translation adjustment	381,000	(4,140,000)	35,743,000
Net (loss)	0	0	0
Acquisition of equity interests from non-controlling shareholders		0
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest		0
Ending Balance	31,692,000	31,311,000	35,451,000
Parent Company [Member] \| Reportable Legal Entities [Member]
Condensed Financial Statements, Captions [Line Items]
Beginning Balance	51,399,000	147,649,000	268,737,000
Share issued to Ascent Investor Relations LLC		18,000
Share-based compensation	161,000	45,000	343,000
Foreign currency translation adjustment	381,000	(4,140,000)	35,743,000
Net (loss)	(31,477,000)	(90,097,000)	(156,476,000)
Acquisition of equity interests from non-controlling shareholders		(945,000)	(1,414,000)
Capital contribution from non-controlling interests		(1,131,000)	716,000
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest		945,000	1,414,000
Ending Balance	$ 20,464,000	$ 51,399,000	$ 147,649,000
Parent Company [Member] \| Reportable Legal Entities [Member] \| Common Stock [Member]
Condensed Financial Statements, Captions [Line Items]
Beginning Balance, shares	125,664,777	125,629,779	125,629,779
Beginning Balance	$ 128,000	$ 128,000	$ 128,000
Share issued to Ascent Investor Relations LLC, shares		34,998
Share issued to Ascent Investor Relations LLC		$ 30.00
Share-based compensation	0	0	0
Foreign currency translation adjustment	0	0	0
Net (loss)	$ 0	0	0
Acquisition of equity interests from non-controlling shareholders		0	0
Capital contribution from non-controlling interests			0
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest		$ 0	$ 0
Ending Balance, shares	125,664,777	125,664,777	125,629,779
Ending Balance	$ 128,000	$ 128,000	$ 128,000
Parent Company [Member] \| Reportable Legal Entities [Member] \| Additional Paid-in Capital [Member]
Condensed Financial Statements, Captions [Line Items]
Beginning Balance	284,726,000	286,739,000	287,094,000
Share issued to Ascent Investor Relations LLC		18,000
Share-based compensation	161,000	45,000	343,000
Foreign currency translation adjustment	0	0	0
Net (loss)	0	0	0
Acquisition of equity interests from non-controlling shareholders		(945,000)	(1,414,000)
Capital contribution from non-controlling interests		(1,131,000)	716,000
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest		945,000	1,414,000
Ending Balance	284,887,000	284,726,000	286,739,000
Parent Company [Member] \| Reportable Legal Entities [Member] \| Treasury stock [Member]
Condensed Financial Statements, Captions [Line Items]
Beginning Balance	(2,351,000)	(2,351,000)	(2,351,000)
Share-based compensation	0	0	0
Foreign currency translation adjustment	0	0	0
Net (loss)	0	0	0
Acquisition of equity interests from non-controlling shareholders		0	0
Capital contribution from non-controlling interests			0
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest		0	0
Ending Balance	(2,351,000)	(2,351,000)	(2,351,000)
Parent Company [Member] \| Reportable Legal Entities [Member] \| Accumulated deficits [Member]
Condensed Financial Statements, Captions [Line Items]
Beginning Balance	(262,415,000)	(172,318,000)	(15,842,000)
Share-based compensation	0	0	0
Foreign currency translation adjustment	0	0	0
Net (loss)	(31,477,000)	(90,097,000)	(156,476,000)
Acquisition of equity interests from non-controlling shareholders		0	0
Capital contribution from non-controlling interests			0
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest		0	0
Ending Balance	(293,892,000)	(262,415,000)	(172,318,000)
Parent Company [Member] \| Reportable Legal Entities [Member] \| Accumulated other comprehensive income (loss)[Member]
Condensed Financial Statements, Captions [Line Items]
Beginning Balance	31,311,000	35,451,000	(292,000)
Share-based compensation	0	0	0
Foreign currency translation adjustment	381,000	(4,140,000)	35,743,000
Net (loss)	0	0	0
Acquisition of equity interests from non-controlling shareholders		0	0
Capital contribution from non-controlling interests			0
Acquisition of additional equity interest in the Flying Dragon from non-controlling interest		0	0
Ending Balance	$ 31,692,000	$ 31,311,000	$ 35,451,000

ADDITIONAL INFORMATION-FINANCIAL STATEMENT - Schedule of Parent Company Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (33,904)	$ (93,419)	$ (179,181)
Share-based compensation	161	45	343
Bad debt provisions	7,184	11,912	37,255
CHANGES IN WORKING CAPITAL ACCOUNTS
Other current assets	(2,462)	4,541	(821)
Accrued expenses and other current liabilities	(134)	(3,693)	(920)
Amount due from subsidiaries	(10)	934	(1,310)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash, cash equivalents and restricted cash, at beginning of year	15,536	15,355
Cash, cash equivalents and restricted cash, at end of year	958	15,536	15,355
Parent Company [Member] \| Reportable Legal Entities [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	(31,477)	(90,097)	(156,476)
Investment loss in subsidiaries	30,482	88,779	156,003
Share-based compensation	161	45	343
Bad debt provisions	286	0	0
CHANGES IN WORKING CAPITAL ACCOUNTS
Other current assets	1,501	24	1,907
Accrued expenses and other current liabilities	695	1,518	3
Amount due from subsidiaries	(1,651)	(353)	(1,830)
Net cash used in operating activities	(3)	(84)	(50)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercises of stock options	0	0	0
Net cash provided by financing activities	0	0	0
Net decrease in cash, cash equivalents and restricted cash	(3)	(84)	(50)
Cash, cash equivalents and restricted cash, at beginning of year	5	89	139
Cash, cash equivalents and restricted cash, at end of year	$ 2	$ 5	$ 89