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Intangible Assets
12 Months Ended
Dec. 31, 2021
Intangible Assets  
Intangible Assets

8. Intangible Assets

Amortizable intangible assets consist of the following as of:

December 31, 2021

Estimated

Gross

Net

Average Useful

Carrying

Accumulated

Carrying

Life (in years)

Amount

Amortization

Amount

University partner relationships

25

  

$

210,000

  

$

(24,781)

  

$

185,219

Trade names

1

280

(280)

 

Total amortizable intangible assets, net

$

210,280

$

(25,061)

$

185,219

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

2022

$

8,419

2023

 

8,419

2024

8,419

2025

8,419

2026

8,419

Thereafter

 

143,124

$

185,219