Tucows 2015 Annual Report Download - page 195
Download and view the complete annual report
Please find page 195 of the 2015 Tucows annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185 -
186 -
187 -
188 -
189 -
190 -
191 -
192 -
193 -
194 -
195 -
196 -
197 -
198 -
199 -
200 -
201 -
202 -
203 -
204 -
205 -
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
 |
 |
5. Property and equipment:
Property and equipment consist of the following:
December 31,
2015
December 31,
2014
Computer equipment $ 6,865,906 $ 5,902,905
Computer software 1,171,806 1,170,866
Furniture and equipment 1,094,455 757,118
Vehicles and tools 275,424 —
Fiber network 4,633,942 —
Customer equipment and installations 242,370 —
Leasehold improvements 55,719 —
14,339,622 7,830,889
Less:
Accumulated depreciation 7,212,946 6,221,102
$ 7,126,676 $ 1,609,787
Depreciation of property and equipment:
Year ended
December 31,
2015
Year ended
December 31,
2014
Year ended
December 31,
2013
Depreciation of property and equipment $ 1,404,296 $ 926,102 $ 843,420
During the years ended December 31, 2015 and 2014, fully depreciated property, plant and equipment with a cost of
$0.4 million, and $1.7 million respectively, were written off.
6. Goodwill and Other Intangible Assets
Goodwill
Goodwill represents the excess of purchase price over the fair value of tangible or identifiable intangible assets
acquired and liabilities assumed in our acquisitions.
Goodwill consists of the following:
December 31,
2015
December 31,
2014
Boardtown Corporation $ 2,044,847 $ 2,044,847
Hosted Messaging Assets of Critical Path 4,072,297 4,072,297
Innerwise Inc. 5,801,040 5,801,040
Mailbank.com Inc. 6,072,623 6,072,623
EPAG Domainservices GmbH 882,320 882,320
Ting Fiber, Inc. (note 3) 1,426,893 —
Ting Virginia, LLC (note 3) 705,123 —
Total $ 21,005,143 $ 18,873,127
Goodwill is not amortized, but is subject to an annual impairment test. The Company performed an impairment
analysis as outlined in note 2(g) and there were no indications of impairment in the 2015 and 2014 impairment tests.
Page 19
5
of 22
5
tcx20151201_10k.ht
m
9
/
13
/
201
6
https://www.sec.gov/Archives/edgar/data/909494/000143774916027177/tcx20151201_10...