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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Net Carrying Amount of Goodwill

The changes in carrying value of goodwill as of September 30, 2021 and December 31, 2020 are as follows:

						September 30, 2021						December 31, 2020
Beginning balance						$	17,320,857					$	50,588,000
Impairment of goodwill for the nine and the 12 months period ended, respectively						—						(33,267,143)
Ending balance						$	17,320,857					$	17,320,857

Schedule of Finite-Lived Intangible Assets

As of September 30, 2021, the Company’s lease intangible assets were as follows:

			Tenant Origination and Absorption Costs						Above-Market Lease Intangibles						Below-Market Lease Intangibles
Cost			$	23,784,332					$	1,128,549					$	(15,097,132)
Accumulated amortization			(12,041,766)						(405,074)						3,631,118
Net amount			$	11,742,566					$	723,475					$	(11,466,014)

The following table sets forth the Company's intangible assets, net as of September 30, 2021 and December 31, 2020 and their related useful lives:

Intangible Assets						Useful Life						September 30, 2021						December 31, 2020
Investor list, net						5.0 years						$	3,494,740					$	3,494,740
Web services technology, domains and licenses						3.0 years						3,661,852						3,466,102
												7,156,592						6,960,842
Accumulated amortization												(3,230,583)						(1,833,054)
Net												$	3,926,009					$	5,127,788

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-Paragraph 1
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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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