|12 Months Ended|
Dec. 31, 2019
|Intangible Assets, Net (Excluding Goodwill) [Abstract]|
6. Intangible Assets
In fourth quarter of 2018, the Company undertook a review of the carrying amount of its long-lived intangible assets. The Company performed its review based on both qualitative and quantitative factors and determined that carrying value of long-lived intangible assets exceeded its implied fair value, and as of December 31, 2018 recorded impairment charge of $2,796,000.
Intangible assets, net is as follows:
Future annual estimated amortization expense is summarized as follows:
Amortization expense of $568,558 and $2,447,372 for the years ended December 31, 2019 and 2018, respectively, is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef