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Intangible Assets
3 Months Ended
Mar. 31, 2019
Intangible Assets  
Intangible Assets

9. Intangible Assets

Amortizable intangible assets consist of the following as of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

 

 

Estimated

 

Gross

 

 

 

 

Net

 

 

Average Useful

 

Carrying

 

Accumulated

 

Carrying

 

 

Life (in years)

 

Amount

 

Amortization

 

Amount

University partner relationships

  

25

  

$

210,000

  

 

(1,629)

  

$

208,371

Trade names

 

1

 

 

280

 

 

(57)

 

 

223

Total amortizable intangible assets, net

 

 

 

$

210,280

 

 

(1,686)

 

$

208,594

 

Amortization expense for university partner relationships and trade names for the years ending December 31:

 

 

 

 

2019

 

$

6,767

2020

 

 

8,726

2021

 

 

8,726

2022

 

 

8,726

2023

 

 

8,425

Thereafter

 

 

168,380

 

 

$

209,750