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Note 10 - Intangible Assets, Net

6 Months Ended

Jun. 30, 2021

Intangible Assets Disclosure [Text Block]

10.

Intangible assets, net

	As of June 30, 2021 (Unaudited)
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		1,437		(997	)		(440	)		-
Internet Ad tracking system		1,161		(58	)		-			1,103
Live streaming technology		1,500		(175	)		-			1,325
Licensed products use right		1,206		(196	)		-			1,010
Other computer software		121		(121	)		-			-
Total	$	5,425	$	(1,547	)	$	(440	)	$	3,438

	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

Amortization expenses for the six months ended June 30, 2021 and 2020 were approximately US$0.28 million and US$0.41 million, respectively. Amortization expenses for the three months ended June 30, 2021 and 2020 were approximately US$0.17 million and US$0.21 million, respectively.

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 5.68 years as of June 30, 2021, and assuming no further subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$0.33 million for the year ending December 31, 2021, approximately US$0.65 million each year for the year ending December 31, 2022 through 2024, approximately US$0.63 million for the year ending December 31, 2025, and approximately US$0.18 million for the year ending December 31, 2026.