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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2020
Intangible Assets  
Summary of amortizable intangible assets

September 30, 2020

Estimated

Gross

Net

Average Useful

Carrying

Accumulated

Carrying

Life (in years)

Amount

Amortization

Amount

University partner relationships

25

  

$

210,000

  

(14,258)

  

$

195,742

Trade names

1

280

(280)

 

Total amortizable intangible assets, net

$

210,280

(14,538)

$

195,742

Schedule of amortization expense for university partner relationships and trade names

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

Remainder of 2020

$

2,105

2021

 

8,419

2022

8,419

2023

8,419

2024

8,419

Thereafter

 

159,961

$

195,742