Note 12 - Intangible Assets, Net

9 Months Ended

Sep. 30, 2016

Intangible Assets Disclosure [Text Block]

12.	Intangible assets, net

	September 30, 2016			December 31, 2015
	US$(’000)			US$(’000)
	(Unaudited)
Intangible assets not subject to amortization:
Domain name		1,446			1,488
Intangible assets subject to amortization:
Contract backlog		-			191
Customer relationship		1,995			3,340
Non-compete agreements		1,098			1,321
Software technologies		307			316
Cloud compute software technology		1,390			1,429
Intelligent marketing data service platform		4,835			4,973
Internet safety, information exchange security and data encryption software		1,947			-
Other computer software		106			108
Intangible assets, cost		13,124			13,166
Less: accumulated amortization		(4,709	)		(4,845	)
Less: accumulated impairment losses		(1,948	)		(2,683	)
Intangible assets, net		6,467			5,638

Amortization expenses in aggregate for the nine months ended September 30, 2016 and 2015 were approximately US$977,000 and US$1,063,000, respectively. Amortization expenses in aggregate for the three months ended September 30, 2016 and 2015 were approximately US$354,000 and US$349,000, respectively.

Based on the current carrying value of the finite-lived intangible assets recorded, which weighted average remaining useful life was 7.01 years as of September 30, 2016, and assuming no further subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$353,000 for the three months ended December 31, 2016, approximately US$945,000 for the year ended December 31, 2017 and approximately US$940,000 each year for the year ended December 31, 2018 through 2020.

For the nine months ended September 30, 2016, intangible assets, the related accumulated amortization and accumulated impairment loss decreased by approximately US$1.63 million, US$0.97 million and US$0.66 million, respectively, due to disposal of a VIE during the period.