Note 12 - Intangible assets

6 Months Ended

Jun. 30, 2013

Intangible Assets Disclosure [Text Block]

12.	Intangible assets, net

	June 30, 2013			December 31, 2012
	US$(’000)			US$(’000)
	(Unaudited)
Intangible assets not subject to amortization:
Trade name		315			309
Domain name		1,561			1,529
Intangible assets subject to amortization:
Contract backlog		200			196
Customer relationship		3,505			3,434
Non-compete agreements		1,387			1,358
Software technologies		331			325
Cloud-computing based software platforms		1,500			1,470
Other computer software		77			76
Intangible assets, cost		8,876			8,697
Less: accumulated amortization		(2,094	)		(1,530	)
Intangible assets, net		6,782			7,167

Amortization expenses in aggregate for the six months ended June 30, 2013 and 2012 were approximately US$529,000 and US$523,000, respectively.

Amortization expenses in aggregate for the three months ended June 30, 2013 and 2012 were approximately US$266,000 and US$261,000, respectively.

Based on the carrying value of the finite-lived intangible assets recorded as of June 30, 2013, and assuming no subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$521,000 for the six months ended December 31, 2013, approximately US$1,043,000 per year through December 31, 2015, approximately US$1,003,000 for the year ended December 31, 2016 and approximately US$506,000 for the year ended December 31, 2017.