Note 14 - Intangible assets, net

12 Months Ended

Dec. 31, 2012

Intangible Assets Disclosure [Text Block]

14.   Intangible assets, net

	As of December 31,
	2012			2011
	US$(’000)			US$(’000)
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		3,434			3,408
Non-compete agreements		1,358			1,348
Software technologies		325			322
Cloud-computing based software platforms		1,470			1,458
Other computer software		76			75
Intangible assets, cost		8,697			8,630
Less: accumulated amortization		(1,530	)		(479	)
Intangible assets, net		7,167			8,151

Amortization expenses in aggregate for the years ended December 31, 2012 and 2011 were approximately US$1,046,000 and US$461,000, respectively.

Based on the carrying value of the finite-lived intangible assets recorded as of December 31, 2012, and assuming no subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$1,022,000 per year through December 31, 2015, approximately US$982,000 for the year ended December 31, 2016 and approximately US$496,000 for the year ended December 31, 2017.