XML 34 R12.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Intangible Assets
 3 Months Ended
Mar. 31, 2024
Intangible Assets
3. Intangible Assets
Intangible Assets, Net consists of the following:
 
                                                 
    
March 31,
  
December 31,
    
2024
  
2023
Finite-Lived Intangible Assets/Contractual Rights
   
$
1,769,372
 
  
$
1,769,372
 
Accumulated Amortization
   
 
(1,577,145
) 
  
 
(1,568,164
) 
  
 
 
 
  
 
 
 
Intangible Assets, Net
   
$
192,227
 
  
$
201,208
 
  
 
 
 
  
 
 
 
Amortization expense associated with Blackstone’s intangible assets was $9.0 million and $13.0 million for the three months ended March 31, 2024 and 2023, respectively.
Amortization of Intangible Assets held at March 31, 2024 is expected to be $35.9 million, $35.9 million, $35.7 million, $34.6 million and $17.8 million for each of the years ending December 31, 2024, 2025, 2026, 2027, and 2028, respectively. Blackstone’s Intangible Assets as of March 31, 2024 are expected to amortize over a weighted-average period of 5.9 years.