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Goodwill
 6 Months Ended
Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

9. Goodwill

 

The following table presents changes to goodwill for the six months ended June 30, 2020 and 2019.

 

 

 

Total

 

Balance at December 31, 2019

 

$

389,660,519

 

Acquisitions

 

 

15,461,331

 

Dispositions

 

—

 

Impairment Loss

 

—

 

Measurement period adjustment

 

 

7,046,003

 

Balance at June 30, 2020

 

$

412,167,853

 

 

 

 

 

 

Balance as of December 31, 2018 (Predecessor)

 

$

119,529,202

 

Acquisitions

 

—

 

Dispositions

 

—

 

Impairment Loss

 

—

 

Measurement period adjustment

 

—

 

Balance as of June 30, 2019 (Predecessor)

 

$

119,529,202

 

 

The Company has only one operating segment and, based on the criteria outlined in ASC 350, Intangibles – Goodwill and Other (“ASC 350”), only one reporting unit that needs to be tested for goodwill impairment.  Accordingly, goodwill was reviewed for impairment at the consolidated entity level.  Based on the qualitative factors described in ASC 350, the Company concluded that goodwill was not impaired as of June 30, 2020.