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Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

4. Goodwill and Other Intangible Assets

 

The Company’s goodwill balance of $909,000 and $1,084,000 as of December 31, 2015 and 2014, respectively, relates to the purchase of NTN Canada, Inc. Fluctuations in the amount of goodwill shown on the accompanying balance sheets are due to changes in the foreign currency exchange rates used when translating NTN Canada, Inc.’s financial statement from Canadian dollars to US dollars during consolidation. The Company performed its annual assessment of goodwill impairment for NTN Canada as of December 31, 2015, and it was determined that there were no indications of impairment.

 

The Company performed its annual review as of December 31, 2015 of its other intangible assets and determined that there were no indications of impairment for the year ended December 31, 2015. During the Company’s annual review for the year ended December 41, 2014, it determined that certain fully amortized acquired intangible assets no longer had an economic benefit to the Company, and therefore, it disposed of these assets as of December 31, 2014.

 

The weighted average remaining useful life for all intangible assets is 1.6 years as of December 31, 2015. Amortization expense relating to all intangible assets totaled $50,000 and $181,000 for the years ended December 31, 2015 and 2014, respectively.

 

As of December 31, 2015 and 2014, intangible assets with estimable lives were comprised of the following:

 

    December 31, 2015      December 31, 2014  
    Gross Carrying Value     Accumulated Amortization     Net Book Value      Gross Carrying Value     Accumulated Amortization     Net Book Value  
Acquired technology   $ 150,000     $ (71,000 )   $ 79,000     $ 150,000     $ (21,000 )   $ 129,000  
Acquired customer lists     435,000       (435,000 )     -       435,000       (435,000 )     -  
Trivia database     322,000       (322,000 )     -       384,000       (384,000 )     -  
Trademarks and trademark licenses     67,000       (67,000 )     -       67,000       (67,000 )     -  
Total   $ 974,000     $ (895,000 )   $ 79,000     $ 1,036,000     $ (907,000 )   $ 129,000  

 

The estimated aggregate amortization expense relating to the Company’s intangible assets for the succeeding years is as follows:

 

Year Ending     Estimated
Aggregate
Amortization
Expense		  
2016     $ 50,000  
2017       29,000  
Total     $ 79,000