Note 11 - Intangible Assets, Net

12 Months Ended

Dec. 31, 2013

Disclosure Text Block [Abstract]

Intangible Assets Disclosure [Text Block]

11. Intangible assets, net

	As of December 31,
	2013			2012
	US$(’000)			US$(’000)
Intangible assets not subject to amortization:
Trade name		-			309
Domain name		1,580			1,529
Intangible assets subject to amortization:
Contract backlog		203			196
Customer relationship		3,548			3,434
Non-compete agreements		1,403			1,358
Software technologies		335			325
Cloud-computing based software platforms		1,518			1,470
Other computer software		78			76
Intangible assets, cost		8,665			8,697
Less: accumulated amortization		(2,650	)		(1,530	)
Intangible assets, net		6,015			7,167

Amortization expenses in aggregate for the years ended December 31, 2013 and 2012 were approximately US$1,056,000 and US$1,046,000, respectively.

The Company disposed its trade name of approximately US$319,000 upon disposal of 100% of equity interest in Quanzhou Zhi Yuan and Quanzhou Tian Xi Shun He in November 2013.

Based on the carrying value of the finite-lived intangible assets recorded as of December 31, 2013, and assuming no subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$1,056,000 per annual for the years ended December 31, 2014 and 2015, approximately US$1,015,000 for the year ended December 31, 2016, approximately US$512,000 for the year ended December 31, 2017 and approximately US$312,000 for the year ended December 31, 2018.