XML 100 R18.htm IDEA: XBRL DOCUMENT v3.20.2
10. Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
  10. Intangible Assets, net

 

Intangible assets, net as of December 31, 2019 and 2018 consisted of the following:

 

      Useful Life           Accumulated     Impairment        
      (in months)     Gross     Amortization     Charge     Net  
  As of December 31, 2019                              
  Patent     57     $ 2,700     $ (2,700 )   $     $  
  Customer Relationship     120       4,370       (1,547 )     (1,295 )     1,528  
              $ 7,070     $ (4,247 )   $ (1,295 )   $ 1,528  
  As of December 31, 2018                                        
  Patent     57     $ 2,700     $ (2,700 )   $     $  
  Customer Relationship     120       4,366       (1,270 )     (1,295 )     1,801  
              $ 7,066     $ (3,970 )   $ (1,295 )   $ 1,801  

 

The customer relationship was mainly contributed by the acquisition of Solar Juice in May 2015. As customer relationship with clients was the key driver of the revenue for Solar Juice, which will bring further economic benefit to the Group’s business. Therefore, the customer relationship was separately identified as an intangible asset on the acquisition date. The balance is amortized over the useful life of 10 years. No impairment loss was provided for intangible assets for the years ended December 31, 2019, 2018 and 2017.

 

Amortization expense for other intangible assets was $278, $300 and $302 from continuing operations for the years ended December 31, 2019, 2018 and 2017, respectively.

 

As of December 31, 2019, the estimated future amortization expense related to other intangible assets is as follows: 

 

      USD  
  2020   $ 276  
  2021     276  
  2022     276  
  2023     276  
  2024     276  
  Thereafter     148  
      $ 1,528