Note 10 - Intangible Assets, Net

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

10. Intangible assets, net

	As of June 30, 2024 (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		1,302		(903	)		(399	)		-
Licensed products use right		1,204		(496	)		(708	)		-
--5 years life:
Customer Relationship		15		(1	)		-			14
Internet Ad tracking system		1,160		(637	)		(523	)		-
Live streaming technology		1,500		(625	)		(875	)		-
--3 years life:
Blockchain Integrated Framework		4,038		(2,607	)		(1,010	)		421
Bo!News application		337		(112	)		(225	)		-
Other computer software		110		(110	)		-			-
Total	$	9,666	$	(5,491	)	$	(3,740	)	$	435

	As of December 31, 2023
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		1,311		(909	)		(402	)		-
Licensed products use right		1,204		(496	)		(708	)		-
--5 years life:
Internet Ad tracking system		1,160		(637	)		(523	)		-
Live streaming technology		1,500		(625	)		(875	)		-
--3 years life:
Blockchain Integrated Framework		4,038		(2,187	)		(1,010	)		841
Bo!News application		339		(113	)		(226	)		-
Other computer software		111		(111	)		-			-
Total	$	9,663	$	(5,078	)	$	(3,744	)	$	841

Amortization expenses for the six months ended June 30, 2024 and 2023 were approximately US$0.42 million and US$0.6 million, respectively. Amortization expenses for the three months ended June 30, 2024 and 2023 were approximately US$0.21 million and US$0.30 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 0.88 years as of June 30, 2024, and assuming no further subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is  approximately US$0.42 million for the year ending December 31, 2024, approximately US$0.003 million for the year ending December 31, 2025, approximately US$0.003 million for the year ending December 31, 2026, approximately US$0.003 million for the year ending December 31, 2027, approximately US$0.003 million for the year ending December 31, 2028, and approximately US$0.001 million for the year ending December 31, 2029.