| Intangible Assets |
5.
Intangible Assets
Intangible
assets, net is as follows:
| June
30, 2019 |
|
Useful
Lives
(Years)
|
|
|
Gross
Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Net
Carrying
Amount
|
|
| Long-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales
Process |
|
|
10 |
|
|
$ |
2,130,956 |
|
|
$ |
(1,730,868 |
) |
|
$ |
400,088 |
|
| Paid Member Relationships |
|
|
5 |
|
|
|
803,472 |
|
|
|
(788,638 |
) |
|
|
14,834 |
|
| Member Lists |
|
|
5 |
|
|
|
8,086,181 |
|
|
|
(7,936,897 |
) |
|
|
149,284 |
|
| Developed Technology |
|
|
3 |
|
|
|
648,000 |
|
|
|
(648,000 |
) |
|
|
- |
|
| Trade
Name/Trademarks |
|
|
4 |
|
|
|
440,000 |
|
|
|
(440,000 |
) |
|
|
- |
|
| |
|
|
|
|
|
$ |
12,108,609 |
|
|
$ |
(11,544,403 |
) |
|
|
564,206 |
|
| Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trade Name |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90,400 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Intangible assets,
net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
654,606 |
|
| 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 |
|
|
198,908
|
|
| 2020 |
|
|
69,581
|
|
| 2021 |
|
|
69,581
|
|
| 2022 |
|
|
69,581
|
|
| Thereafter |
|
|
156,555
|
|
| |
|
$ |
564,206 |
|
Amortization
expense of $183,000 and $619,000 for the three months ended June 30, 2019 and 2018, respectively, and $366,000 and $1,238,000
for the six months ended June 30, 2019 and 2018, respectively, is recorded in depreciation and amortization expense in the accompanying
condensed consolidated statements of operations and comprehensive loss.
|