Note 11 - Intangible Assets, Net

3 Months Ended

Mar. 31, 2014

Intangible Assets Disclosure [Text Block]

11.	Intangible assets, net

	March 31, 2014			December 31, 2013
	US$(’000)			US$(’000)
	(Unaudited)
Intangible assets not subject to amortization:
Domain name		1,567			1,580
Intangible assets subject to amortization:
Contract backlog		201			203
Customer relationship		3,519			3,548
Non-compete agreements		1,392			1,403
Software technologies		332			335
Cloud-computing based software platforms		1,506			1,518
Other computer software		77			78
Intangible assets, cost		8,594			8,665
Less: accumulated amortization		(2,891	)		(2,650	)
Intangible assets, net		5,703			6,015

Amortization expenses in aggregate for the three months ended March 31, 2014 and 2013 were approximately US$264,000 and US$263,000, respectively.

Based on the carrying value of the finite-lived intangible assets recorded as of March 31, 2014, and assuming no subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$785,000 for the nine months ended December 31, 2014, approximately US$1,047,000 for the year ended December 31, 2015, approximately US$1,006,000 for the year ended December 31, 2016, approximately US$508,000 for the year ended December 31, 2017 and approximately US$310,000 for the year ended December 31, 2018.