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Intangible Assets, Net | 9 Months Ended
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Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net |
| 4. | Intangible Assets, Net
At September 30, 2018, the Company’s intangible assets, net, consisted of the following:
|  | Useful |  | Gross |  |  |  |  |  | Net |
|  | Life |  | September 30, |  |  | Accumulated |  |  | September 30, |
|  | (Years) |  | 2018 |  |  | Amortization |  |  | 2018 |
Indefinite Lived Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Medicare license |  | N/A |  | $ | 1,994,000 |  |  | $ | - |  |  | $ | 1,994,000 |
Amortized Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Network relationships |  | 11-15 |  |  | 109,883,000 |  |  |  | (45,485,494 | ) |  |  | 64,397,506 |
Management contracts |  | 15 |  |  | 22,832,000 |  |  |  | (6,863,192 | ) |  |  | 15,968,808 |
Member relationships |  | 12 |  |  | 6,696,000 |  |  |  | (978,876 | ) |  |  | 5,717,124 |
Patient management platform |  | 5 |  |  | 2,060,000 |  |  |  | (343,333 | ) |  |  | 1,716,667 |
Tradename/trademarks |  | 20 |  |  | 1,011,000 |  |  |  | (42,125 | ) |  |  | 968,875 |
|  |  |  | $ | 144,476,000 |  |  | $ | (53,713,020 | ) |  | $ | 90,762,980 |
At December 31, 2017, the Company’s intangible assets, net, consisted of the following:
|  | Useful |  | Gross |  |  |  |  |  | Net |
|  | Life |  | December 31, |  |  | Accumulated |  |  | December 31, |
|  | (Years) |  | 2017 |  |  | Amortization |  |  | 2017 |
Indefinite Lived Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Medicare license |  | N/A |  | $ | 1,994,000 |  |  | $ | - |  |  | $ | 1,994,000 |
Amortized Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Network relationships |  | 11-15 |  |  | 109,883,000 |  |  |  | (35,842,508 | ) |  |  | 74,040,492 |
Management contracts |  | 15 |  |  | 22,832,000 |  |  |  | (5,014,886 | ) |  |  | 17,817,114 |
Member relationships |  | 12 |  |  | 6,696,000 |  |  |  | (46,500 | ) |  |  | 6,649,500 |
Patient management platform |  | 5 |  |  | 2,060,000 |  |  |  | (34,336 | ) |  |  | 2,025,664 |
Tradename/trademarks |  | 20 |  |  | 1,011,000 |  |  |  | (4,212 | ) |  |  | 1,006,788 |
|  |  |  | $ | 144,476,000 |  |  | $ | (40,942,442 | ) |  | $ | 103,533,558 |
Included in depreciation and amortization on the accompanying consolidated statements of income is amortization expense of $4,164,056 and $4,302,090 (excluding $106,000 amortization expense for exclusivity incentives) for the three months ended September 30, 2018 and 2017, respectively, and $12,770,578 and $12,999,407 (excluding $318,000 amortization expense for exclusivity incentives) for the nine months ended September 30, 2018 and 2017, respectively. Future amortization expense is estimated to be as follows for the years ending December 31:
|  | Amount |
2018 (remaining three months) |  | $ | 3,886,000 |
2019 |  |  | 14,480,000 |
2020 |  |  | 12,671,000 |
2021 |  |  | 10,961,000 |
2022 |  |  | 9,448,000 |
Thereafter |  |  | 37,323,000 |
|  | $ | 88,769,000 |

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- Definition The entire disclosure for goodwill and 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 + Details
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