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Amortizable Intangible Assets
3 Months Ended
Mar. 31, 2022
Amortizable Intangible Assets  
Amortizable Intangible Assets

7. Amortizable Intangible Assets

Amortizable intangible assets consist of the following as of:

March 31, 2022

Estimated

Gross

Net

Average Useful

Carrying

Accumulated

Carrying

Life (in years)

Amount

Amortization

Amount

University partner relationships

25

  

$

210,000

  

$

(26,886)

  

$

183,114

Trade names

1

280

(280)

 

Total amortizable intangible assets, net

$

210,280

$

(27,166)

$

183,114

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

Remainder of 2022

$

6,314

2023

 

8,419

2024

8,419

2025

8,419

2026

8,419

Thereafter

 

143,124

$

183,114