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Intangible Assets, Net | 3 Months Ended
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Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net |
| 3. | Intangible Assets, Net
At March 31, 2019, the Company’s intangible assets, net, consisted of the following:
|  | Useful |  | Gross |  |  |  |  |  | Net |
|  | Life |  | March 31, |  |  | Accumulated |  |  | March 31, |
|  | (Years) |  | 2019 |  |  | Amortization |  |  | 2019 |
Indefinite Lived Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Medicare license |  | N/A |  | $ | 1,994,000 |  |  | $ | - |  |  | $ | 1,994,000 |
Amortized Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Network relationships |  | 11 - 15 |  |  | 109,883,000 |  |  |  | (51,215,352 | ) |  |  | 58,667,648 |
Management contracts |  | 15 |  |  | 22,832,000 |  |  |  | (8,031,971 | ) |  |  | 14,800,029 |
Member relationships |  | 12 |  |  | 6,696,000 |  |  |  | (1,555,286 | ) |  |  | 5,140,714 |
Patient management platform |  | 5 |  |  | 2,060,000 |  |  |  | (549,333 | ) |  |  | 1,510,667 |
Tradename/trademarks |  | 20 |  |  | 1,011,000 |  |  |  | (67,400 | ) |  |  | 943,600 |
|  |  |  | $ | 144,476,000 |  |  | $ | (61,419,342 | ) |  | $ | 83,056,658 |
At December 31, 2018, the Company’s intangible assets, net, consisted of the following:
|  | Useful |  | Gross |  |  |  |  |  | Net |
|  | Life |  | December 31, |  |  | Accumulated |  |  | December 31, |
|  | (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 |  |  |  | (48,361,773 | ) |  |  | 61,521,227 |
Management contracts |  | 15 |  |  | 22,832,000 |  |  |  | (7,447,581 | ) |  |  | 15,384,419 |
Member relationships |  | 12 |  |  | 6,696,000 |  |  |  | (1,289,667 | ) |  |  | 5,406,333 |
Patient management platform |  | 5 |  |  | 2,060,000 |  |  |  | (446,333 | ) |  |  | 1,613,667 |
Tradename/trademarks |  | 20 |  |  | 1,011,000 |  |  |  | (54,763 | ) |  |  | 956,237 |
|  |  |  | $ | 144,476,000 |  |  | $ | (57,600,117 | ) |  | $ | 86,875,883 |
Included in depreciation and amortization on the accompanying condensed consolidated statements of income is amortization expense of $3.9 million and $4.4 million (excluding $0.1 million of amortization expense for exclusivity incentives) for the three months ended March 31, 2019 and 2018, respectively. Future amortization expense is estimated to be as follows for the years ending December 31:
|  | Amount |
2019 (excluding the three months ended March 31, 2019) |  | $ | 10,661,000 |
2020 |  |  | 12,671,000 |
2021 |  |  | 10,960,000 |
2022 |  |  | 9,448,000 |
2023 |  |  | 7,790,000 |
Thereafter |  |  | 29,532,000 |
|  | $ | 81,062,000 |

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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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