Note 11 - Intangible Assets, Net

9 Months Ended

Sep. 30, 2014

Intangible Assets Disclosure [Text Block]

11.	Intangible assets, net

	September 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		3,523			3,548
Non-compete agreements		1,394			1,403
Software technologies		333			335
Cloud-computing based software platforms		1,508			1,518
Other computer software		79			78
Intangible assets, cost		8,607			8,665
Less: accumulated amortization		(3,420	)		(2,650	)
Intangible assets, net		5,187			6,015

Amortization expenses in aggregate for the nine months ended September 30, 2014 and 2013 were approximately US$788,000 and US$791,000, respectively.

Amortization expenses in aggregate for the three months September 30, 2014 and 2013 were both approximately US$262,000.

Based on the carrying value of the finite-lived intangible assets recorded as of September 30, 2014, 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, 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.