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Note 10 - Intangible Assets, Net
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]
10.
 Intangible assets, net
 
    As of December 31, 2020
Items  
Gross
Carrying
Value
  
Accumulated
Amortization
   Impairment  
Net
Carrying
Value
   
US$('000)
  
US$('000)
  
US$('000)
  
US$('000)
Intangible assets subject to amortization:                                
Cloud compute software technology    
1,423
 
    
(978
)
    
(436
)
    
9
 
Live streaming technology    
1,500
 
    
(25
)
    
-
 
    
1,475
 
Licensed products use right    
1,208
 
    
(135
)
    
-
 
    
1,073
 
Other computer software    
120
 
    
(120
)
    
-
 
    
-
 
Total
   $
4,251
 
   $
(1,258
)
   $
(436
)
   $
2,557
 
 
 
    As of December 31, 2019
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    
1,385
 
    
-
 
    
(1,385
)
    
-
 
Intangible assets subject to amortization:                                
Customer relationship    
1,909
 
    
(1,909
)
    
-
 
    
-
 
Non-compete agreements    
1,051
 
    
(571
)
    
(480
)
    
-
 
Software technologies    
294
 
    
(294
)
    
-
 
    
-
 
Intelligent marketing data service platform    
4,629
 
    
(1,876
)
    
(2,753
)
    
-
 
Internet safety, information exchange security and data encryption software    
1,863
 
    
(419
)
    
(1,444
)
    
-
 
Cloud video management system    
1,362
 
    
(338
)
    
(1,024
)
    
-
 
Cloud compute software technology    
1,331
 
    
(898
)
    
(408
)
    
25
 
Licensed products use right    
1,202
 
    
(15
)
    
-
 
    
1,187
 
Other computer software    
872
 
    
(185
)
    
-
 
    
687
 
Total
   $
15,898
 
   $
(6,505
)
   $
(7,494
)
   $
1,899
 
 
Amortization expenses in aggregate for the years ended
December 31, 2020
and
2019
were approximately
US$0.85
million and
US$0.11
million, respectively.
 
For the year ended
December 31, 2020,
the Company wrote off approximately
US$14.12
million intangible assets, which were either expired or abandoned by the Company during the year, with
no
gain or loss recognized in earnings, as all of these intangible assets had been fully amortized or impaired as of
December 31, 2020.
 
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
6.54
years as of
December 31, 2020,
and assuming
no
further subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately
US$0.43
million for the year ending
December 31, 2021,
approximately
US$0.42
million each year for the year ending
December 31, 2022
through
2024,
and approximately
US$0.40
million for the year ending
December 31, 2025.