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Amortizable Intangible Assets

6 Months Ended

Jun. 30, 2021

Amortizable Intangible Assets

Amortizable Intangible Assets

7. Amortizable Intangible Assets

Amortizable intangible assets consist of the following as of:

​

​	​	​	​	​	​	​	​	​	​	​
​	June 30, 2021
​	Estimated	​	Gross		​	​	​	​	Net
​	Average Useful	​	Carrying		​	Accumulated		​	Carrying
​	Life (in years)	​	Amount		​	Amortization		​	Amount
University partner relationships	25		$	210,000		$	(20,572)		$	189,428
Trade names	1	​	​	280	​	​	(280)	​		—
Total amortizable intangible assets, net	​	​	$	210,280	​	$	(20,852)	​	$	189,428

​

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

​	​	​
Remainder of 2021	$	4,209
2022		8,419
2023	​	8,419
2024	​	8,419
2025	​	8,419
Thereafter		151,543
​	$	189,428

​

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- References

No definition available.

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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