INTANGIBLE ASSETS

6 Months Ended

Aug. 31, 2013

Notes to Financial Statements

Note 7 - INTANGIBLE ASSETS

The following table presents the gross carrying value of the components of intangible assets and accumulated amortization:

			As of August 31, 2013
	Weighted Average Amortization Period (In months)		Carrying Amount, net of impairment write downs		Accumulated Amortization		Net Carrying Value
Indefinite Lived Intangible:
Trade name	Indefinite		$	8,700,000	$	-	$	8,700,000
Definite Lived Intangible:
Patent litigation		84		4,269,973		1,516,346		2,753,627
Patents		120		717,846		87,183		630,663
Acquired technology		60		7,270,000		3,192,750		4,077,250
Customer relationships		60-72		12,850,000		5,413,126		7,436,874
Software		36		2,095,705		2,095,705		-
Non-compete agreements		36		212,000		212,000		-
Trade names		24		44,000		44,000		-
Total intangibles			$	36,159,524	$	12,561,110	$	23,598,414

			As of February 28, 2013
	Weighted Average Amortization Period (In months)		Carrying Amount, net of impairment write downs		Accumulated Amortization		Transfer to Held for Sale		Net Carrying Value
Indefinite Lived Intangible:
Trade name	Indefinite		$	8,700,000	$	-	$	-	$	8,700,000
Definite Lived Intangible:
Patent litigation		84		4,038,904		1,060,109		-		2,978,795
Patents		120		4,174,306		51,356		3,500,000		622,950
Acquired technology		60		7,270,000		2,465,750		-		4,804,250
Customer relationships		60-72		12,850,000		4,143,958		-		8,706,042
Software		36		2,095,705		2,095,705		-		-
Non-compete agreements		36		212,000		212,000		-		-
Trade names		24		44,000		44,000		-		-
Total intangibles			$	39,384,915	$	10,072,878	$	3,500,000	$	25,812,037

Intangible assets relate to patent filing and patent protection litigation costs as well as customer relationships, trade names and technology obtained in past acquisitions. With the exception of the Hipcricket trade name carried at $8.7 million, the intangible assets have finite lives and, as such, are subject to amortization.  Amortization of intangible assets was $1.2 million and $2.4 million, for the three and six months ended August 31, 2013, respectively.

Amortization in future fiscal periods is expected to be as follows:

Remainder of 2014	$	2,176,229
2015		5,101,399
2016		4,642,676
2017		2,369,316
2018		217,014
Thereafter		391,780
Total	$	14,898,414