Note 12 - Intangible assets, net

3 Months Ended

Mar. 31, 2013

Intangible Assets Disclosure [Text Block]

12.   Intangible assets, net

	March 31, 2013			December 31, 2012
	US$(’000)			US$(’000)
	(Unaudited)
Intangible assets not subject to amortization:
Trade name		311			309
Domain name		1,538			1,529
Intangible assets subject to amortization:
Contract backlog		197			196
Customer relationship		3,453			3,434
Non-compete agreements		1,366			1,358
Software technologies		326			325
Cloud-computing based software platforms		1,478			1,470
Other computer software		76			76
Intangible assets, cost		8,745			8,697
Less: accumulated amortization		(1,801	)		(1,530	)
Intangible assets, net		6,944			7,167

Amortization expenses in aggregate for the three months ended March 31, 2013 and 2012 were approximately US$263,000 and US$262,000, respectively.

Based on the carrying value of the finite-lived intangible assets recorded as of March 31, 2013, and assuming no subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$771,000 for the nine months ended December 31, 2013, approximately US$1,027,000 per year through December 31, 2015, approximately US$988,000 for the year ended December 31, 2016 and approximately US$498,000 for the year ended December 31, 2017.