Note 11 - Intangible assets, net

9 Months Ended

Sep. 30, 2013

Intangible Assets Disclosure [Text Block]

11.	Intangible assets, net

	September 30, 2013			December 31, 2012
	US$(’000)			US$(’000)
	(Unaudited)
Intangible assets not subject to amortization:
Trade name		317			309
Domain name		1,570			1,529
Intangible assets subject to amortization:
Contract backlog		202			196
Customer relationship		3,526			3,434
Non-compete agreements		1,395			1,358
Software technologies		333			325
Cloud-computing based software platforms		1,509			1,470
Other computer software		78			76
Intangible assets, cost		8,930			8,697
Less: accumulated amortization		(2,371	)		(1,530	)
Intangible assets, net		6,559			7,167

Amortization expenses in aggregate for the nine months ended September 30, 2013 and 2012 were approximately US$791,000 and US$783,000, respectively.

Amortization expenses in aggregate for the three months ended September 30, 2013 and 2012 were approximately US$262,000 and US$260,000, respectively.

Based on the carrying value of the finite-lived intangible assets recorded as of September 30, 2013, and assuming no subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$262,000 for the three months ended December 31, 2013, approximately US$1,049,000 per year through December 31, 2015, approximately US$1,009,000 for the year ended December 31, 2016 and approximately US$509,000 for the year ended December 31, 2017.