Intangible Assets (Tables)
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12 Months Ended |
Dec. 31, 2018 |
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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December 31, 2018 |
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December 31, 2017 |
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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 |
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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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Trademarks |
Indefinite |
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250,800 |
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— |
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250,800 |
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250,800 |
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— |
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250,800 |
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Definite life intangible assets: |
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Subscriber relationships |
9 years |
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— |
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— |
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— |
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380,000 |
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(380,000 |
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— |
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OEM relationships |
15 years |
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220,000 |
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(75,778 |
) |
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144,222 |
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220,000 |
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(61,111 |
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158,889 |
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Licensing agreements |
12 years |
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45,289 |
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(38,012 |
) |
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7,277 |
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45,289 |
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(34,350 |
) |
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10,939 |
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Software and technology |
7 years |
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35,572 |
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(20,164 |
) |
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15,408 |
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43,915 |
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(25,351 |
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18,564 |
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Total intangible assets |
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$ |
2,635,315 |
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$ |
(133,954 |
) |
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$ |
2,501,361 |
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$ |
3,023,658 |
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$ |
(500,812 |
) |
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$ |
2,522,846 |
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Schedule of finite-lived intangible assets |
Our intangible assets include the following:
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December 31, 2018 |
|
December 31, 2017 |
|
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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Trademarks |
Indefinite |
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250,800 |
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— |
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250,800 |
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250,800 |
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— |
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250,800 |
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Definite life intangible assets: |
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Subscriber relationships |
9 years |
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— |
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— |
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— |
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380,000 |
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(380,000 |
) |
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— |
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OEM relationships |
15 years |
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220,000 |
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(75,778 |
) |
|
144,222 |
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|
220,000 |
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(61,111 |
) |
|
158,889 |
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Licensing agreements |
12 years |
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45,289 |
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(38,012 |
) |
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7,277 |
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45,289 |
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(34,350 |
) |
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10,939 |
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Software and technology |
7 years |
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35,572 |
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(20,164 |
) |
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15,408 |
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43,915 |
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(25,351 |
) |
|
18,564 |
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Total intangible assets |
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$ |
2,635,315 |
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$ |
(133,954 |
) |
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$ |
2,501,361 |
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$ |
3,023,658 |
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$ |
(500,812 |
) |
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$ |
2,522,846 |
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Expected future amortization expense |
The expected amortization expense for each of the fiscal years 2019 through 2023 and for periods thereafter is as follows:
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Years ending December 31, |
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Amount |
2019 |
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$ |
23,268 |
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2020 |
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22,687 |
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2021 |
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17,198 |
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2022 |
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15,542 |
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2023 |
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15,446 |
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Thereafter |
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72,766 |
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Total definite life intangible assets, net |
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$ |
166,907 |
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