Intangible Assets (Tables)
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3 Months Ended |
Mar. 31, 2017 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of indefinite-lived intangible assets |
Our intangible assets include the following:
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March 31, 2017 |
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December 31, 2016 |
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Weighted
Average
Useful Lives |
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Gross
Carrying
Value |
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Accumulated Amortization |
|
Net Carrying
Value |
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Gross
Carrying
Value |
|
Accumulated Amortization |
|
Net Carrying
Value |
Indefinite life intangible assets: |
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FCC licenses |
Indefinite |
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$ |
2,083,654 |
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$ |
— |
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$ |
2,083,654 |
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$ |
2,083,654 |
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$ |
— |
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$ |
2,083,654 |
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Trademark |
Indefinite |
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250,000 |
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— |
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250,000 |
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250,000 |
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— |
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250,000 |
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Definite life intangible assets: |
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Subscriber relationships |
9 years |
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380,000 |
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(371,477 |
) |
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8,523 |
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380,000 |
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(364,893 |
) |
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15,107 |
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OEM relationships |
15 years |
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220,000 |
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(50,111 |
) |
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169,889 |
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220,000 |
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(46,444 |
) |
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173,556 |
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Licensing agreements |
12 years |
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45,289 |
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(31,585 |
) |
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13,704 |
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45,289 |
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(30,664 |
) |
|
14,625 |
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Proprietary software |
8 years |
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27,215 |
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(19,979 |
) |
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7,236 |
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27,215 |
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(19,673 |
) |
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7,542 |
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Developed technology |
10 years |
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2,000 |
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(1,733 |
) |
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267 |
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2,000 |
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(1,683 |
) |
|
317 |
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Total intangible assets |
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$ |
3,008,158 |
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$ |
(474,885 |
) |
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$ |
2,533,273 |
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$ |
3,008,158 |
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$ |
(463,357 |
) |
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$ |
2,544,801 |
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| Schedule of finite-lived intangible assets |
Our intangible assets include the following:
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March 31, 2017 |
|
December 31, 2016 |
|
Weighted
Average
Useful Lives |
|
Gross
Carrying
Value |
|
Accumulated Amortization |
|
Net Carrying
Value |
|
Gross
Carrying
Value |
|
Accumulated Amortization |
|
Net Carrying
Value |
Indefinite life intangible assets: |
|
|
|
|
|
|
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|
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|
FCC licenses |
Indefinite |
|
$ |
2,083,654 |
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|
$ |
— |
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|
$ |
2,083,654 |
|
|
$ |
2,083,654 |
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|
$ |
— |
|
|
$ |
2,083,654 |
|
Trademark |
Indefinite |
|
250,000 |
|
|
— |
|
|
250,000 |
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|
250,000 |
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|
— |
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|
250,000 |
|
Definite life intangible assets: |
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|
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Subscriber relationships |
9 years |
|
380,000 |
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(371,477 |
) |
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8,523 |
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|
380,000 |
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(364,893 |
) |
|
15,107 |
|
OEM relationships |
15 years |
|
220,000 |
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(50,111 |
) |
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169,889 |
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|
220,000 |
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(46,444 |
) |
|
173,556 |
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Licensing agreements |
12 years |
|
45,289 |
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(31,585 |
) |
|
13,704 |
|
|
45,289 |
|
|
(30,664 |
) |
|
14,625 |
|
Proprietary software |
8 years |
|
27,215 |
|
|
(19,979 |
) |
|
7,236 |
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|
27,215 |
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|
(19,673 |
) |
|
7,542 |
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Developed technology |
10 years |
|
2,000 |
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(1,733 |
) |
|
267 |
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2,000 |
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(1,683 |
) |
|
317 |
|
Total intangible assets |
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|
$ |
3,008,158 |
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|
$ |
(474,885 |
) |
|
$ |
2,533,273 |
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$ |
3,008,158 |
|
|
$ |
(463,357 |
) |
|
$ |
2,544,801 |
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| Years in which satellite licenses expire |
The following table outlines the years in which each of our satellite licenses expires:
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FCC satellite licenses |
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Expiration year |
SIRIUS FM-5 |
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2025 |
SIRIUS FM-6 |
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2022 |
XM-3 |
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2021 |
XM-4 |
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2022 |
XM-5 |
|
2018 |
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| Expected future amortization expense |
Expected amortization expense for the remaining period in 2017, each of the fiscal years 2018 through 2021 and for periods thereafter is as follows:
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Years ending December 31, |
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Amount |
2017 (remaining) |
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$ |
23,354 |
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2018 |
|
19,463 |
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2019 |
|
19,026 |
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2020 |
|
18,446 |
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2021 |
|
15,576 |
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Thereafter |
|
103,754 |
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Total definite life intangible assets, net |
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$ |
199,619 |
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