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Intangible Assets, Net

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

6.	Intangible Assets, Net

Intangible assets, net consisted of the following at September 30, 2020 and December 31, 2019:

		September 30, 2020												December 31, 2019
		(unaudited)
		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Patents		$	50,000			$	(28,125	)		$	21,875			$	50,000			$	(26,250	)		$	23,750
Trade names, trademarks product names, URLs			555,000				(488,104	)			66,896				555,000				(446,479	)			108,521
Internally developed software			1,990,000				(1,983,405	)			6,595				1,990,000				(1,959,655	)			30,345
Subscriber/customer relationships			2,279,000				(1,938,725	)			340,275				2,279,000				(1,813,725	)			465,275
Total intangible assets		$	4,874,000			$	(4,438,359	)		$	435,641			$	4,874,000			$	(4,246,109	)		$	627,891

Amortization expense for the three and nine months ended September 30, 2020 was $64,083 and $192,250, respectively, as compared to $64,084 and $192,249 for the three and nine months ended September 30, 2019, respectively. The aggregate amortization expense for each of the next five years and thereafter is estimated to be $54,431 in 2020, $184,667 in 2021, $149,944 in 2022, $18,000 in 2023, $17,354 in 2024 and $11,245 thereafter.