ABTL » Topics » Acquired Intangible Assets

This excerpt taken from the ABTL 10-Q filed May 10, 2006.

Acquired Intangible Assets

Acquired intangible assets at March 31, 2006 and December 31, 2005 are amortized over their estimated useful lives and consist of the following:

 

     As of March 31, 2006
      Average
Estimated
Useful Lives
   Gross Carrying
Amount
   Accumulated
Amortization
   

Net

Amount

     (in thousands)

Developed technology

   2 years    $ 820    $ (748 )   $ 72

Customer relationships

   3 years      4,375      (3,079 )     1,296

Domain name

   5 years      700      (274 )     426
                        

Total

      $ 5,895    $ (4,101 )   $ 1,794
                        

 

     As of December 31, 2005
      Average
Estimated
Useful Lives
   Gross Carrying
Amount
   Accumulated
Amortization
   

Net

Amount

     (in thousands)

Developed technology

   2 years    $ 820    $ (710 )   $ 110

Customer relationships

   3 years      4,375      (2,757 )     1,618

Domain name

   5 years      700      (239 )     461
                        

Total

      $ 5,895    $ (3,706 )   $ 2,189
                        

Amortization expense for the three months ended March 31, 2006 and 2005 was $395,000 and $499,000, respectively. Amortization expense related to technology is classified as cost of revenues. Amortization expense for the remaining lives of the intangible assets is estimated to be as follows:

 

     Amortization
Expense
     (in thousands)

Nine months ending December 31, 2006

   $ 1,118

2007

     495

2008

     140

2009

     41
      
   $ 1,794
      
This excerpt taken from the ABTL 10-Q filed May 31, 2005.

6. Acquired Intangible Assets

 

Acquired intangible assets recorded as a part of the AVV, iDriveonline and Stoneage acquisitions are amortized over their estimated useful lives and consist of the following:

 

     As of June 30, 2004

     Average
Estimated
Useful Lives


   Gross Carrying
Amount


   Accumulated
Amortization


   

Net

Amount


Developed technology

   2 years    $ 220    $ (80 )   $ 140

Customer relationships (restated)

   3 years      4,375      (414 )     3,961

Domain name

   5 years      700      (29 )     671
         

  


 

Total (restated)

        $ 5,295    $ (523 )   $ 4,772
         

  


 

 

     As of December 31, 2003

     Average
Estimated
Useful Lives


   Gross Carrying
Amount


   Accumulated
Amortization


   

Net

Amount


Developed technology

   3 years    $ 220    $ (43 )   $ 177

Customer relationships

   2 years      200      (62 )     138
         

  


 

Total

        $ 420    $ (105 )   $ 315
         

  


 

 

34


AUTOBYTEL INC.

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Amounts in thousands, except share and per share data)

(unaudited)

 

Amortization expense related to intangible assets was $373 and $418 for the three months and six months ended June 30, 2004, respectively, and $15 for the three months and six months ended June 30, 2003. Amortization expense for the remaining lives of the intangible assets is estimated to be as follows:

 

     Amortization
Expense


Six months ending December 31, 2004

   $ 830

2005

   $ 1,645

2006

   $ 1,579

2007

   $ 537

2008

   $ 140

2009

   $ 41

 

EXCERPTS ON THIS PAGE:

10-Q
May 10, 2006
10-Q
May 31, 2005

"Acquired Intangible Assets" elsewhere:

ChinaNet Online Holdings, Inc. (CNET)
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