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Intangible Assets

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

7. Intangible Assets

Intangible assets subject to amortization as of September 30, 2018 consisted of the following:

		September 30, 2018
		Carrying Amount				Accumulated Amortization				Net Carrying Amount
Developed technology		$	6,740,000			$	(141,323	)		$	6,598,677
Tradename			268,000				(5,619	)			262,381
Website domain name			20,000				-				20,000
Total intangible assets		$	7,028,000			$	(146,942	)		$	6,881,058

Intangible assets subject to amortization were recorded as part of the Company’s business acquisition of HubPages for the developed technology and tradename. The website domain name has an infinite life and is not being amortized. Amortization expense for three months and nine months ended September 30, 2018 was $146,942.

As of September 30, 2018, estimated total amortization expense for the next five years related to the Company’s intangible assets subject to amortization is as follows:

September 30,
2019		$	1,401,600
2020			1,401,600
2021			1,401,600
2022			1,401,600
2023			1,254,658
		$	6,861,058

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- References

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- Definition

The entire disclosure for all or part of the information related to 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

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