Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2012

Goodwill and Intangible Assets [Abstract]

Intangible assets activity

A roll forward of our intangible assets activity for the six months ended June 30, 2012 is as follows:

	Balance at									Foreign		Balance at
	December 31,				Amortization			Impairment		Currency		June 30,
	2011		Additions		Expense			Charge		Transl Adj		2012
												(unaudited)
Amortized intangible assets:
Service agreement	$	1,310,892	$	-	$	(42,980	)	$	-	$	-	$	1,267,912
Publication rights		400,953		-		(12,150	)		-		-		388,803
Customer relationships		76,579		-		(5,890	)		-		-		70,689
Operating permits		600,147		-		(18,186	)		-		-		581,961
Charter / Cooperation agreements		2,560,616		-		(68,896	)		-		-		2,491,720
Noncompete agreement		1,576,256		-		(727,502	)		-		-		848,754
Software and licenses		240,015		569,106		(68,753	)		-		847		741,215
Website development		250,000		100,000		(58,372	)		-		233		291,861
Total amortized intangible assets	$	7,015,458	$	669,106	$	(1,002,729	)	$	-	$	1,080	$	6,682,915
Unamortized intangible assets:
Website name		134,290											134,290
Goodwill		6,105,478		-		-			-		-		6,105,478
Total unamortized intangible assets	$	6,239,768	$	-	$	-		$	-	$	-	$	6,239,768

Amortization expense

The following table outlines the amortization expense for the next five years and thereafter:

	Jinan		Shandong		Sinotop
Years ending December 31,	Broadband		Media		Hong Kong		Sinotop		Total
2012 (six months)		72,663		38,104		796,398		111,531		1,018,696
2013		134,396		74,644		259,041		276,386		744,467
2014		127,905		72,454		137,791		240,954		579,104
2015		112,961		72,454		137,791		97,307		420,513
2016		93,499		72,454		137,791		94,910		398,654
Thereafter		881,094		715,407		1,871,662		53,318		3,521,481
Total amortization to be recognized	$	1,422,518	$	1,045,517	$	3,340,474	$	874,406	$	6,682,915