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6. Goodwill and Intangible Assets, Net | 6 Months Ended
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Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Note 6: Goodwill and Intangible Assets, Net Goodwill In 2013, the Company recognized $10,365,806 in Goodwill, representing the excess of the fair value of the consideration for the merger over net identifiable assets acquired. Pursuant to FASB ASC 350-20, Goodwill is not subject to amortization but is subject to annual review to determine if certain events warrant impairment to the Goodwill asset. Through June 30, 2020, the Company has not recognized any impairment to Goodwill. Intangible Assets, Net The Company had the following intangible assets as of June 30, 2020 and December 31, 2019:
|  | June 30, 2020 |  |  | December 31, 2019 |
Trademarks (a) |  | $ | 129,831 |  |  | $ | 129,831 |
Other Intangible Assets (a) |  |  | 273,028 |  |  |  | 272,528 |
Intangible Assets, Gross |  |  | 402,859 |  |  |  | 402,359 |
Less Accumulated Amortization (b) |  |  | (372,414 | ) |  |  | (350,776 | )
Intangible Assets, Net |  | $ | 30,445 |  |  | $ | 51,583 |
| (a) | Pursuant to FASB ASC 350-30-35, the Company reviews these intangible assets periodically to determine if the value should be retired or impaired due to recent events. Through June 30, 2019, the Company has not recognized any impairment expense related to these assets.
| (b) | During the three months ended June 30, 2020 and June 30, 2019, the Company recognized $10,847 and $9,720, respectively, in amortization expense related to the Trademarks and Other Intangible Assets. During the six months ended June 30, 2020 and June 30, 2019, the Company recognized $21,638 and $19,492, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets.

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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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