Note 12 - Intangible assets, net

6 Months Ended

Jun. 30, 2012

Intangible Assets Disclosure [Text Block]

12.   Intangible assets, net

	June 30, 2012			December 31, 2011
	US$(’000)			US$(’000)
	(Unaudited)
Intangible assets not subject to amortization:
Trade name		309			306
Domain name		1,529			1,518
Intangible assets subject to amortization:
Contract backlog		196			195
Customer relationship		3,432			3,408
Non-compete agreements		1,358			1,348
Software technologies		324			322
Cloud-computing based software platforms		1,469			1,458
Other computer software		75			75
Intangible assets, cost		8,692			8,630
Less: accumulated amortization		(1,006	)		(479	)
Intangible assets, net		7,686			8,151

Amortization expenses in aggregate for the six months ended June 30, 2012 and 2011 were approximately US$523,000 and US$198,000, respectively.

Amortization expenses in aggregate for the three months ended June 30, 2012 and 2011 were approximately US$261,000 and US$132,000, respectively.

Based on the carrying value of the finite-lived intangible assets recorded as of June 30, 2012, and assuming no subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$511,000 for the six months ended December 31, 2012, approximately US$1,021,000 per year through December 31, 2015 and approximately US$982,000 for the year ended December 31, 2016.