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Amortizable Intangible Assets
9 Months Ended
Sep. 30, 2021
Amortizable Intangible Assets  
Amortizable Intangible Assets

7. Amortizable Intangible Assets

Amortizable intangible assets consist of the following as of:

September 30, 2021

Estimated

Gross

Net

Average Useful

Carrying

Accumulated

Carrying

Life (in years)

Amount

Amortization

Amount

University partner relationships

25

  

$

210,000

  

$

(22,677)

  

$

187,323

Trade names

1

280

(280)

 

Total amortizable intangible assets, net

$

210,280

$

(22,957)

$

187,323

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

Remainder of 2021

$

2,104

2022

 

8,419

2023

8,419

2024

8,419

2025

8,419

Thereafter

 

151,543

$

187,323