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Goodwill
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

8. Goodwill

 

The changes in the carrying value of goodwill for the year ended December 31, 2018 is as follows:

 

Goodwill at January 1, 2018   $ -  
Goodwill acquired in acquisition of HubPages     1,857,663  
Goodwill acquired in acquisition of Say Media     5,466,624  
Goodwill at December 31, 2018   $ 7,324,287  

 

The Company performs its annual impairment test at the reporting unit level, which is the operating segment or one level below the operating segment. Management determined that the Company would be aggregated into a single reporting unit for purposes of performing the impairment test for goodwill. For the year ended December 31, 2018, there is no change in goodwill and no impairment. The impairment evaluation process includes, amongst other things, making assumptions about variables, such as revenue growth, including long-term growth rates, profitability and discount rates.