Note 11 - Intangible Assets, Net

3 Months Ended

Mar. 31, 2015

Intangible Assets Disclosure [Text Block]

11.	Intangible assets, net

	March 31, 2015			December 31, 2014
	US$(’000)			US$(’000)
	(Unaudited)
Intangible assets not subject to amortization:
Domain name		1,572			1,579
Intangible assets subject to amortization:
Contract backlog		202			202
Customer relationship		3,531			3,545
Non-compete agreements		1,397			1,402
Software technologies		334			335
SMEs operation management applications		5,257			5,277
Cloud-computing based software platforms		1,511			1,517
Other computer software		78			78
Intangible assets, cost		13,882			13,935
Less: accumulated amortization		(4,046	)		(3,704	)
Less: accumulated impairment losses		(989	)		(993	)
Intangible assets, net		8,847			9,238

Amortization expenses in aggregate for the three months ended March 31, 2015 and 2014 were approximately US$357,000 and US$264,000, respectively.

Based on the carrying value of the finite-lived intangible assets recorded as of March 31, 2015, and assuming no subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$1,068,000 for the nine months ended December 31, 2015, approximately US$1,418,000 for the year ended December 31, 2016, approximately US$917,000 for the year ended December 31, 2017, approximately US$865,000 for the year ended December 31, 2018 and approximately US$808,000 for the year ended December 31, 2019.