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ACQUIRED INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2019
ACQUIRED INTANGIBLE ASSETS, NET  
ACQUIRED INTANGIBLE ASSETS, NET

7.           ACQUIRED INTANGIBLE ASSETS, NET

 

The Group’s intangible assets, presented in the following table, arose from the acquisition of Shanghai Ouku on May 24, 2010 , the acquisition of the fashion-focused site business from Ador Inc. on December 31, 2013 and the acquisition of Ezbuy on December 10, 2018.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

December 31, 2019

 

    

Gross

    

 

 

    

Accumulated

    

Net

    

Gross

    

 

 

    

Accumulated

    

Net

 

 

carrying

 

Accumulated

 

impairment

 

carrying

 

carrying

 

Accumulated

 

impairment

 

carrying

 

 

amount

 

amortization

 

loss

 

amount

 

amount

 

amortization

 

loss

 

amount

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademark/Domain Name

 

$

1,220

 

$

 —

 

$

(1,010)

 

$

210

 

$

1,220

 

$

 —

 

$

(1,010)

 

$

210

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

- Technology Platform

 

 

90

 

 

(90)

 

 

 —

 

 

 —

 

 

90

 

 

(90)

 

 

 

 

- Non-compete Agreement

 

 

 9

 

 

(7)

 

 

(2)

 

 

 —

 

 

 9

 

 

(7)

 

 

(2)

 

 

- Customer Base

 

 

32

 

 

(22)

 

 

(10)

 

 

 —

 

 

32

 

 

(22)

 

 

(10)

 

 

- Technology

 

 

2,951

 

 

(85)

 

 

 —

 

 

2,866

 

 

2,915

 

 

(660)

 

 

 

 

2,255

- Branding

 

 

6,871

 

 

(57)

 

 

 —

 

 

6,814

 

 

6,786

 

 

(735)

 

 

 

 

6,051

- In-progress Orders

 

 

192

 

 

(192)

 

 

 —

 

 

 —

 

 

190

 

 

(190)

 

 

 —

 

 

 —

- Members

 

 

20

 

 

(20)

 

 

 —

 

 

 —

 

 

20

 

 

(20)

 

 

 —

 

 

 —

 

 

$

11,385

 

$

(473)

 

$

(1,022)

 

$

9,890

 

$

11,262

 

$

(1,724)

 

$

(1,022)

 

$

8,516

 

The amortization expenses incurred for the years ended December 31, 2017, 2018 and 2019 were $5,  $298 and $1,264, respectively. For the years ended December 31, 2017, 2018 and 2019, no impairment loss was recorded.

 

The estimated amortization expense for intangible assets in each of the next five years are  $1,264,  $1,264,  $1,264,  $1,216, and $684 respectively.