Intangible Assets (Tables)
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6 Months Ended |
Jun. 30, 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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June 30, 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 |
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Net Carrying
Value |
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Gross
Carrying
Value |
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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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250,800 |
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— |
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250,800 |
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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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(377,896 |
) |
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2,104 |
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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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(53,778 |
) |
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166,222 |
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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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(32,506 |
) |
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12,783 |
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45,289 |
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(30,664 |
) |
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14,625 |
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Software and technology |
7 years |
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43,915 |
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(22,803 |
) |
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21,112 |
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29,215 |
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(21,356 |
) |
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7,859 |
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Total intangible assets |
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$ |
3,023,658 |
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$ |
(486,983 |
) |
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$ |
2,536,675 |
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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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June 30, 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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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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250,800 |
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— |
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250,800 |
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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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(377,896 |
) |
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2,104 |
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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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(53,778 |
) |
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166,222 |
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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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(32,506 |
) |
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12,783 |
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45,289 |
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(30,664 |
) |
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14,625 |
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Software and technology |
7 years |
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43,915 |
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(22,803 |
) |
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21,112 |
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29,215 |
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(21,356 |
) |
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7,859 |
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Total intangible assets |
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$ |
3,023,658 |
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$ |
(486,983 |
) |
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$ |
2,536,675 |
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$ |
3,008,158 |
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$ |
(463,357 |
) |
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$ |
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 |
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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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$ |
13,829 |
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2018 |
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23,138 |
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2019 |
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22,701 |
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2020 |
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22,121 |
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2021 |
|
16,678 |
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Thereafter |
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103,754 |
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Total definite life intangible assets, net |
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$ |
202,221 |
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