Summary of significant accounting policies (Tables)

3 Months Ended

Mar. 31, 2019

Schedule Of Property Plant and Equipment Estimated Useful Life [Table Text Block]

The estimated useful lives are as follows:

Office equipment

Years

Schedule of unconsolidated subsidiaries statement of operation and comprehensive income [Table Text Block]

(In thousands)	For the three months ended March 31,
	2019			2018
Balance – beginning of period	$	12,972		$	14,709
Investment (loss)gain		(500	)		3,467
Contribute from equity investee		46			-
Effect of exchange rate		319			587
Balance – end of period	$	12,837		$	18,763

Disposal Groups, Including Discontinued Operations [Table Text Block]

The Company performed significance tests in accordance with SEC Rule 1-02(w) of Regulation S-X and determined Tianwu qualify as significant equity investee, the condensed financial statements of Tianwu is presented as follows:

CONDENSED STATEMENT OF OPERATIONS

(In thousands)	For the three months ended March 31,
	2019			2018
NET SALES	$	7		$	53

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		77			103
FINANCE EXPENSES		1,255			1,305
TOTAL EXPENSES		1,332			1,408

LOSS BEFORE PROVISION FOR INCOME TAXES		(1,325	)		(1,355	)

PROVISION FOR INCOME TAXES		-			-

NET LOSS FOR CONTINUING OPERATIONS		(1,325	)		(1,355	)

NET (LOSS) INCOME FROM OPERATIONS HELD FOR SALE		(239	)		12,190

NET (LOSS) INCOME	$	(1,564	)		10,835

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

GENERAL STEEL HOLDINGS INC 10-Q