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Intangible assets, net

12 Months Ended

Dec. 31, 2020

Intangible assets, net

Intangible assets, net

13.            Intangible assets, net

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​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2019							​	December 31, 2020
​	​	​	​	​	​	​	​	Net book	​	​	​	​	​	​	​	Net book
(In thousands)		Cost		Amortization		Impairment		value		Cost		Amortization		Impairment		value
Land use rights		4,769		(1,017)		—		3,752		5,099		(1,258)		—		3,841
Acquired computer software		2,391		(1,433)		—		958		3,530		(2,853)		—		677
Online game licenses		5,910		(5,193)		(717)		—		—		—		—		—
Audio-visual license		5,621		(905)		—		4,716		6,010		(1,671)		—		4,339
​		18,691		(8,548)		(717)		9,426		14,639		(5,782)		—		8,857

​

Amortization expense recognized for the years ended December 31, 2018, 2019 and 2020 are summarized as follows:

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​	​	​	​	​	​	​
​	​	Years ended December 31
(In thousands)		2018		2019		2020
Cost of revenues		266		5		—
General and administrative expenses		721		1,136		1,210
Research and development expenses		244		59		6
Total		1,231		1,200		1,216

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The estimated aggregate amortization expense for each of the next five years as of December 31, 2020 is:

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​	​	​
(In thousands)		Intangible assets
2021		1,107
2022		1,050
2023		1,036
2024		972
2025 and thereafter		4,692

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The weighted average amortization periods of intangible assets as at December 31, 2019 and 2020 are as below:

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​	​	​	​	​
(In year)		December 31, 2019		December 31, 2020
Land use rights		30		30
Acquired computer software		5		5
Online game licenses		3		—
Audio-visual license		9		9
Total weighted average amortization periods		12		10

​

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- References

No definition available.

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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