Note 12 - Goodwill

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Goodwill Disclosure [Text Block]

12. Goodwill

	Amount
	US$(’000)
Balance as of January 1, 2018		5,277
Impairment on goodwill		(5,211	)
Exchange translation adjustment		(66	)
Balance as of June 30, 2018 (unaudited)		-

The Company’s goodwill was attributable to its internet advertising and data service reporting unit. The Company performed goodwill impairment test as of

June 30, 2018

and determined the fair value of the reporting unit using income approach by a discounted cash flow analysis (See Note

3

(h) for significant unobservable internally-developed inputs used in the fair value measurement). In accordance with ASU

2017

-

04,

which the Company has adopted on

January 1, 2018,

by comparing the fair value of the reporting unit with its carrying amount, the Company recorded approximately

US$5.41

million impairment loss on its goodwill for the

six

and

three

months ended

June 30, 2018.