Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.2.0.727
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of intangible assets

Our intangible assets include the following:

 

 

 

 

 

June 30, 2015

 

 

December 31, 2014

 

 

 

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

 

 

 

(321,683

)

 

 

58,317

 

 

 

380,000

 

 

 

(305,755

)

 

 

74,245

 

OEM relationships

 

15 years

 

 

220,000

 

 

 

(24,444

)

 

 

195,556

 

 

 

220,000

 

 

 

(17,111

)

 

 

202,889

 

Licensing agreements

 

12 years

 

 

45,289

 

 

 

(25,134

)

 

 

20,155

 

 

 

45,289

 

 

 

(23,290

)

 

 

21,999

 

Proprietary software

 

8 years

 

 

27,215

 

 

 

(16,721

)

 

 

10,494

 

 

 

27,215

 

 

 

(15,691

)

 

 

11,524

 

Developed technology

 

10 years

 

 

2,000

 

 

 

(1,383

)

 

 

617

 

 

 

2,000

 

 

 

(1,283

)

 

 

717

 

Leasehold interests

 

7.4 years

 

 

132

 

 

 

(123

)

 

 

9

 

 

 

132

 

 

 

(114

)

 

 

18

 

Total intangible assets

 

 

 

$

3,008,290

 

 

$

(389,488

)

 

$

2,618,802

 

 

$

3,008,290

 

 

$

(363,244

)

 

$

2,645,046

 

 

Years in which each of our licenses expires

We hold FCC licenses to operate our satellite digital audio radio service and provide ancillary services. 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-2

 

 

2017

 

SIRIUS FM-3

 

 

2017

 

SIRIUS FM-5

 

 

2017

 

SIRIUS FM-6

 

 

2022

 

XM-1 (1)

 

 

 

 

XM-3

 

 

2021

 

XM-4

 

 

2022

 

XM-5

 

 

2018

 

(1)

The FCC license for this satellite has expired.   The FCC has granted us special temporary authority to operate this satellite and prepare it for deorbiting maneuvers.

Expected amortization expense for each of the fiscal years

Expected amortization expense for the remaining period in 2015, each of the fiscal years 2016 through 2019 and for periods thereafter is as follows

 

Years ending December 31,

 

Amount

 

2015 (remaining)

 

$

25,456

 

2016

 

 

48,545

 

2017

 

 

34,882

 

2018

 

 

19,463

 

2019

 

 

19,026

 

Thereafter

 

 

137,776

 

Total definite life intangible assets, net

 

$

285,148