Tucows 2014 Annual Report Download - page 161

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Intangible assets not subject to amortization consist of surname domain names and direct navigation domain
names. While the domain names are renewed annually, through payment of a renewal fee to the applicable registry, the
Company has the exclusive right to renew these names at its option. Renewals occur routinely and at a nominal cost.
Moreover, the Company has determined that there are currently no legal, regulatory, contractual, economic or other
factors that limit the useful life of these domain names on an aggregate basis and accordingly treat the portfolio of domain
names as indefinite life intangible assets. The Company reevaluates the useful life determination for domain names in the
portfolio each year to determine whether events and circumstances continue to support an indefinite useful life.
F-10
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