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Note 10 - Intangible Assets, Net
 6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]
10.
Intangible assets, net
 
    As of June 30, 2018 (Unaudited)
Items   Gross
Carrying
Value		   Accumulated
Amortization		   Impairment   Net
Carrying
Value
   
US$(’000)
  
US$(’000)
  
US$(’000)
  
US$(’000)
                 
Intangible assets not subject to amortization:                                
Domain name    
1,460
 
    
-
 
    
(1,460
)
    
-
 
Intangible assets subject to amortization:                                
Customer relationship    
2,013
 
    
(2,013
)
    
-
 
    
-
 
Non-compete agreements    
1,108
 
    
(602
)
    
(506
)
    
-
 
Software technologies    
310
 
    
(310
)
    
-
 
    
-
 
Cloud compute software technology    
1,403
 
    
(921
)
    
(430
)
    
52
 
Intelligent marketing data service platform    
4,880
 
    
(1,977
)
    
(2,903
)
    
-
 
Internet safety, information exchange security and data encryption software    
1,965
 
    
(393
)
    
-
 
    
1,572
 
Cloud video management system    
1,436
 
    
(356
)
    
(1,080
)
    
-
 
Other computer software    
118
 
    
(114
)
    
-
 
    
4
 
Total   $
14,693
 
   $
(6,686
)
   $
(6,379
)
   $
1,628
 
 
    As of December 31, 2017
Items   Gross
Carrying
Value		   Accumulated
Amortization		   Impairment   Net
Carrying
Value
   
US$(’000)
  
US$(’000)
  
US$(’000)
  
US$(’000)
                 
Intangible assets not subject to amortization:                                
Domain name    
1,478
 
    
-
 
    
(1,478
)
    
-
 
Intangible assets subject to amortization:                                
Customer relationship    
2,038
 
    
(2,038
)
    
-
 
    
-
 
Non-compete agreements    
1,122
 
    
(610
)
    
(512
)
    
-
 
Software technologies    
314
 
    
(314
)
    
-
 
    
-
 
Cloud compute software technology    
1,420
 
    
(923
)
    
(435
)
    
62
 
Intelligent marketing data service platform    
4,942
 
    
(1,853
)
    
(1,600
)
    
1,489
 
Internet safety, information exchange security and data encryption software    
1,990
 
    
(299
)
    
-
 
    
1,691
 
Cloud video management system    
1,454
 
    
(291
)
    
(602
)
    
561
 
Other computer software    
120
 
    
(115
)
    
-
 
    
5
 
Total   $
14,878
 
   $
(6,443
)
   $
(4,627
)
   $
3,808
 
 
Amortization expenses in aggregate for the
six
months ended
June 30, 2018
and
2017
were approximately
US$336,000
and
US$607,000,
respectively. Amortization expenses in aggregate for the
three
months ended
June 30, 2018
and
2017
were approximately
US$168,000
and
US$304,000,
respectively.
 
Due to shifting business development strategy focus to blockchain related technology and applications, for the
six
and
three
months ended
June 30, 2018,
the Company provided full impairment loss of approximately
US$1.88
million against the remaining carrying value of its intangible assets of intelligent marketing data service platform and cloud video management system related to providing management tools services for data collection and analysis, as these assets are
not
expected to be able to generate economic benefit for the Company in future periods.
 
Based on the adjusted carrying value of the finite-lived intangible assets after the deduction of the impairment losses, which has a weighted average remaining useful life of
7.83
years as of
June 30, 2018,
and assuming
no
further subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately
US$108,000
for the
six
months ending
December 31, 2018,
approximately
US$215,000
each year for the year ending
December 31, 2019
and
2020,
approximately
US$206,000
for the year ending
December 31, 2021
and approximately
US$196,000
for the year ending
December 31, 2022.