Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.5.0.2
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of indefinite-lived intangible assets
Our intangible assets include the following:
 
 
 
September 30, 2016
 
December 31, 2015
 
Weighted
Average
Useful Lives
 
Gross
Carrying
Value
 
Accumulated Amortization
 
Net Carrying
Value
 
Gross
Carrying
Value
 
Accumulated Amortization
 
Net Carrying
Value
Indefinite life intangible assets:
 
 
 

 
 

 
 

 
 

 
 

 
 

FCC licenses
Indefinite
 
$
2,083,654

 
$

 
$
2,083,654

 
$
2,083,654

 
$

 
$
2,083,654

Trademark
Indefinite
 
250,000

 

 
250,000

 
250,000

 

 
250,000

Definite life intangible assets:
 
 
 

 
 

 
 

 
 

 
 

 
 

Subscriber relationships
9 years
 
380,000

 
(358,140
)
 
21,860

 
380,000

 
(336,822
)
 
43,178

OEM relationships
15 years
 
220,000

 
(42,778
)
 
177,222

 
220,000

 
(31,778
)
 
188,222

Licensing agreements
12 years
 
45,289

 
(29,741
)
 
15,548

 
45,289

 
(26,977
)
 
18,312

Proprietary software
8 years
 
27,215

 
(19,298
)
 
7,917

 
27,215

 
(17,752
)
 
9,463

Developed technology
10 years
 
2,000

 
(1,633
)
 
367

 
2,000

 
(1,483
)
 
517

Leasehold interests
7.4 years
 

 

 

 
132

 
(132
)
 

Total intangible assets
 
 
$
3,008,158

 
$
(451,590
)
 
$
2,556,568

 
$
3,008,290

 
$
(414,944
)
 
$
2,593,346

Schedule of finite-lived intangible assets
Our intangible assets include the following:
 
 
 
September 30, 2016
 
December 31, 2015
 
Weighted
Average
Useful Lives
 
Gross
Carrying
Value
 
Accumulated Amortization
 
Net Carrying
Value
 
Gross
Carrying
Value
 
Accumulated Amortization
 
Net Carrying
Value
Indefinite life intangible assets:
 
 
 

 
 

 
 

 
 

 
 

 
 

FCC licenses
Indefinite
 
$
2,083,654

 
$

 
$
2,083,654

 
$
2,083,654

 
$

 
$
2,083,654

Trademark
Indefinite
 
250,000

 

 
250,000

 
250,000

 

 
250,000

Definite life intangible assets:
 
 
 

 
 

 
 

 
 

 
 

 
 

Subscriber relationships
9 years
 
380,000

 
(358,140
)
 
21,860

 
380,000

 
(336,822
)
 
43,178

OEM relationships
15 years
 
220,000

 
(42,778
)
 
177,222

 
220,000

 
(31,778
)
 
188,222

Licensing agreements
12 years
 
45,289

 
(29,741
)
 
15,548

 
45,289

 
(26,977
)
 
18,312

Proprietary software
8 years
 
27,215

 
(19,298
)
 
7,917

 
27,215

 
(17,752
)
 
9,463

Developed technology
10 years
 
2,000

 
(1,633
)
 
367

 
2,000

 
(1,483
)
 
517

Leasehold interests
7.4 years
 

 

 

 
132

 
(132
)
 

Total intangible assets
 
 
$
3,008,158

 
$
(451,590
)
 
$
2,556,568

 
$
3,008,290

 
$
(414,944
)
 
$
2,593,346

Years in which satellite licenses expire
The following table outlines the years in which each of our satellite licenses expires:
FCC satellite licenses
 
Expiration year
SIRIUS FM-1*
 
2017
SIRIUS FM-5
 
2025
SIRIUS FM-6
 
2022
XM-3
 
2021
XM-4
 
2022
XM-5
 
2018

* As of April 7, 2016, this satellite was no longer being used to transmit satellite radio.  We plan to complete the deorbiting of this satellite during the fourth quarter of 2016.
Expected future amortization expense
Expected amortization expense for the remaining period in 2016, each of the fiscal years 2017 through 2020 and for periods thereafter is as follows:
Years ending December 31,
 
Amount
2016 (remaining)
 
$
11,767

2017
 
34,882

2018
 
19,463

2019
 
19,026

2020
 
18,446

Thereafter
 
119,330

Total definite life intangible assets, net
 
$
222,914