Note 10 - Intangible Assets, Net

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

10. Intangible assets, net

	As of September 30, 2023 (Unaudited)
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		1,293		(897	)		(396	)		-
Licensed products use right		1,197		(466	)		-			731
--5 years life:
Internet Ad tracking system		1,160		(579	)		-			581
Live streaming technology		1,500		(625	)		(875	)		-
--3 years life:
Blockchain Integrated Framework		4,038		(1,976	)		(1,010	)		1,052
Bo!News application		334		(111	)		(223	)		-
Other computer software		109		(109	)		-			-
Total	$	9,631	$	(4,763	)	$	(2,504	)	$	2,364

	As of December 31, 2022
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		1,333		(924	)		(409	)		-
Licensed products use right		1,201		(374	)		-			827
--5 years life:
Internet Ad tracking system		1,160		(405	)		-			755
Live streaming technology		1,500		(625	)		(875	)		-
--3 years life:
Blockchain Integrated Framework		4,038		(1,346	)		(1,010	)		1,682
Bo!News application		345		(115	)		(230	)		-
Other computer software		113		(113	)		-			-
Total	$	9,690	$	(3,902	)	$	(2,524	)	$	3,264

Amortization expenses for the nine months ended September 30, 2023 and 2022 were approximately US$0.90 million and US$1.59 million, respectively. Amortization expenses for the three months ended September 30, 2023 and 2022 were approximately US$0.30 million and US$0.53 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 3.05 years as of September 30, 2023, and assuming no further subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is  approximately US$0.29 million for the year ending December 31, 2023, approximately US$1.19 million for the year ending December 31, 2024, approximately US$0.35 million for the year ending December 31, 2025, approximately US$0.18 million for the year ending December 31, 2026, and approximately US$0.12 million each year for the years ending December 31, 2027 and 2028.