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GOODWILL
3 Months Ended
Mar. 31, 2012
GOODWILL

NOTE 10 – GOODWILL

 

The following is a summary of the changes in the carrying value of the Company’s goodwill for the three months ended March 31, 2012 and 2011. The goodwill related to the earn-out payment made in 2010 for the Company’s 2007 acquisition of the businesses of Tong Zhi (Beijing) Consulting Service Ltd and Guangzhou Dong Li Consulting Service Ltd.

 

    Carrying Value  
    2012     2011  
Goodwill, January 1,   $ 1,992     $ 1,909  
Additions     -       -  
Impairments     -       -  
Currency translation     6       13  
Goodwill, March 31,   $ 1,998     $ 1,922