| Summary of intangible assets |
Intangible assets consisted of the following:
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June 30, 2012 |
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December 31, 2011 |
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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
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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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(212,793 |
) |
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167,207 |
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380,000 |
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(191,201 |
) |
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188,799 |
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Licensing agreements |
9.1 |
years |
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78,897 |
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(39,153 |
) |
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39,744 |
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78,897 |
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(34,145 |
) |
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44,752 |
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Proprietary software |
6 |
years |
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16,552 |
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(12,375 |
) |
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4,177 |
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16,552 |
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(11,507 |
) |
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5,045 |
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Developed technology |
10 |
years |
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2,000 |
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(783 |
) |
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1,217 |
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2,000 |
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(683 |
) |
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1,317 |
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Leasehold interests |
7.4 |
years |
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132 |
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(70 |
) |
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62 |
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132 |
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(61 |
) |
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71 |
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Total intangible assets |
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$ |
2,811,235 |
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$ |
(265,174 |
) |
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$ |
2,546,061 |
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$ |
2,811,235 |
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$ |
(237,597 |
) |
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$ |
2,573,638 |
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| Expected amortization expense for each of the fiscal years |
Expected amortization expense for the remaining period in 2012, each of the fiscal years 2013 through 2016 and for periods thereafter is as follows:
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Year ending December 31, |
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Amount |
2012 |
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$ |
26,074 |
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2013 |
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47,357 |
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2014 |
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38,879 |
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2015 |
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37,553 |
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2016 |
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31,959 |
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Thereafter |
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30,585 |
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Total definite life intangible assets, net |
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$ |
212,407 |
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