Note 10 - Intangible Assets, Net

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

10. Intangible assets, net

	As of December 31, 2021
Items	Gross Carrying Value		Accumulated Amortization			Impairment			Net Carrying Value
	US$(’000)		US$(’000)			US$(’000)			US$(’000)
Intangible assets subject to amortization:
--10 years life
Cloud compute software technology		1,456		(1,010	)		(446	)		-
Licensed products use right		1,205		(255	)		-			950
--5 years life:
Internet Ad tracking system		1,158		(174	)		-			984
Live streaming technology		1,500		(325	)		-			1,175
-- 3 years life:
Blockchain integrated framework platform		4,038		-			-			4,038
Bo!News application		376		-			-			376
Other computer software		123		(123	)		-			-
Total	$	9,856	$	(1,887	)	$	(446	)	$	7,523

	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:
-- 10 years life:
Cloud compute software technology		1,423		(978	)		(436	)		9
Licensed products use right		1,208		(135	)		-			1,073
-- 5 years life:
Live streaming technology		1,500		(25	)		-			1,475
-- 3 years life:
Other computer software		120		(120	)		-			-
Total	$	4,251	$	(1,258	)	$	(436	)	$	2,557

Amortization expenses in the aggregate for the years ended December 31, 2021 and 2020 were approximately US$0.60 million and US$0.85 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 3.92 years as of December 31, 2021, and assuming no further subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$2.12 million each year for the year ending December 31, 2022 through 2024, US$0.63 million for the year ending December 31, 2025 and US$0.18 million for the year ending December 31, 2026.