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INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2014
INTANGIBLE ASSETS, NET  
INTANGIBLE ASSETS, NET

8. INTANGIBLE ASSETS, NET

           The following summarizes the Company's intangible assets:

                                                                                                                                                                                    

As of December 31, 2014

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Net

 

 

 

$

 

$

 

$

 

Technical know-how

 

 

1,621,897

 

 

(1,130,136

)

 

491,761

 

Computer software

 

 

10,715,227

 

 

(4,601,193

)

 

6,114,034

 

​  

​  

​  

​  

​  

​  

Total intangible assets, net

 

 

12,337,124

 

 

(5,731,329

)

 

6,605,795

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

As of December 31, 2013

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Net

 

 

 

$

 

$

 

$

 

Technical know-how

 

 

1,627,777

 

 

(1,004,715

)

 

623,062

 

Computer software

 

 

7,490,070

 

 

(2,456,199

)

 

5,033,871

 

​  

​  

​  

​  

​  

​  

Total intangible assets, net

 

 

9,117,847

 

 

(3,460,914

)

 

5,656,933

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

           Amortization expense for the years ended December 31, 2012, 2013 and 2014 were $754,148, $1,094,637 and $1,559,202, respectively.

           Amortization expenses of the above intangible assets is expected to be approximately $1.4 million, $1.2 million, $0.9 million, $0.8 million and $2.3 million for the years ended December 31, 2015, 2016, 2017, 2018, 2019 and thereafter, respectively.