| Intangible Assets |
5. Intangible Assets
Intangible assets, net is as follows:
| September 30, 2019 |
|
Useful Lives
(Years)
|
|
|
Gross
Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Net Carrying
Amount
|
|
| Long-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales Process |
|
|
10 |
|
|
$ |
2,130,956 |
|
|
$ |
(1,749,919 |
) |
|
$ |
381,037 |
|
| Paid Member Relationships |
|
|
5 |
|
|
|
803,472 |
|
|
|
(803,472 |
) |
|
|
- |
|
| Member Lists |
|
|
5 |
|
|
|
8,086,181 |
|
|
|
(8,086,181 |
) |
|
|
- |
|
| Developed Technology |
|
|
3 |
|
|
|
648,000 |
|
|
|
(648,000 |
) |
|
|
- |
|
| Trade Name/Trademarks |
|
|
4 |
|
|
|
440,000 |
|
|
|
(440,000 |
) |
|
|
- |
|
| |
|
|
|
|
|
$ |
12,108,609 |
|
|
$ |
(11,272,572 |
) |
|
|
381,037 |
|
| Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trade Name |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90,400 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Intangible assets, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
471,437 |
|
| December 31, 2018 |
|
Useful Lives
(Years)
|
|
|
Gross
Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Net Carrying
Amount
|
|
| Long-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales Process |
|
|
10 |
|
|
$ |
2,130,956 |
|
|
$ |
(1,692,764 |
) |
|
$ |
438,192 |
|
| Paid Member Relationships |
|
|
5 |
|
|
|
803,472 |
|
|
|
(758,972 |
) |
|
|
44,500 |
|
| Member Lists |
|
|
5 |
|
|
|
8,086,181 |
|
|
|
(7,638,331 |
) |
|
|
447,850 |
|
| Developed Technology |
|
|
3 |
|
|
|
648,000 |
|
|
|
(648,000 |
) |
|
|
- |
|
| Trade Name/Trademarks |
|
|
4 |
|
|
|
440,000 |
|
|
|
(440,000 |
) |
|
|
- |
|
| |
|
|
|
|
|
$ |
12,108,609 |
|
|
$ |
(11,178,067 |
) |
|
|
930,542 |
|
| Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trade Name |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90,400 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Intangible assets, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,020,942 |
|
Future annual estimated amortization expense
is summarized as follows:
| Years ending December 31, |
|
|
|
| 2019 |
|
|
16,567 |
|
| 2020 |
|
|
66,267 |
|
| 2021 |
|
|
66,267 |
|
| 2022 |
|
|
66,267 |
|
| Thereafter |
|
|
165,669 |
|
| |
|
$ |
381,037 |
|
Amortization expense of $183,000 and $618,000
for the three months ended September 30, 2019 and 2018, respectively, and $550,000 and $1,866,000 for the nine months ended September
30, 2019 and 2018, respectively, is recorded in depreciation and amortization expense in the accompanying condensed consolidated
statements of operations and comprehensive loss.
|