Note 11 - Intangible Assets, Net

6 Months Ended

Jun. 30, 2014

Intangible Assets Disclosure [Text Block]

11.	Intangible assets, net

	June 30, 2014			December 31, 2013
	US$(’000)			US$(’000)
	(Unaudited)
Intangible assets not subject to amortization:
Domain name		1,569			1,580
Intangible assets subject to amortization:
Contract backlog		201			203
Customer relationship		3,522			3,548
Non-compete agreements		1,393			1,403
Software technologies		333			335
Cloud-computing based software platforms		1,507			1,518
Other computer software		78			78
Intangible assets, cost		8,603			8,665
Less: accumulated amortization		(3,156	)		(2,650	)
Intangible assets, net		5,447			6,015

Amortization expenses in aggregate for the six months ended June 30, 2014 and 2013 were approximately US$526,000 and US$529,000, respectively.

Amortization expenses in aggregate for the three months ended June 30, 2014 and 2013 were approximately US$262,000 and US$266,000, respectively.

Based on the carrying value of the finite-lived intangible assets recorded as of June 30, 2014, and assuming no subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$524,000 for the six months ended December 31, 2014, approximately US$1,048,000 for the year ended December 31, 2015, approximately US$1,008,000 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.