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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 4. Goodwill and Other Intangible Assets The Company’s goodwill balance of $667,000 and $1,004,000 as of December 31, 2018 and 2017, respectively, relates to the excess of costs over the fair value of assets the Company acquired in 2003 related to its Canadian business (the “Reporting Unit”). During the year ended December 31, 2018, the Company determined that because of declines in revenue of the Reporting Unit, the decline in the Company’s stock price and other general market conditions, it was more likely than not that there were indications of impairment. Therefore, the Company performed the step one impairment test of its goodwill. The Company used three methods to determine the fair value of the Reporting Unit: the public company market method, the transaction market method and the income method. Each method was equally weighted to calculate the total fair value, and then the Company compared this fair value to the carrying value of the Reporting Unit, which resulted in the carrying value exceeding the fair value. Accordingly, the Company recognized a goodwill impairment loss of $261,000. There was no goodwill impairment recorded for the year ended December 31, 2017. In addition to the impairment loss recognized, fluctuations in the amount of goodwill shown on the accompanying balance sheets can occur due to changes in the foreign currency exchange rates used when translating NTN Canada’s financial statement from Canadian dollars to US dollars during consolidation. The following table shows the changes in the carrying amount of goodwill for the years ended December 31, 2018 and 2017:
|  | For the year ended |  |  | For the year ended |
|  | December 31, 2018 |  |  | December 31, 2017 |
|  | Gross Carrying Value |  |  | Impairment Losses for the period |  |  | Accumulated Impairment Losses |  |  | Effects of Foreign Currency |  |  | Net Carrying Value |  |  | Gross Carrying Value |  |  | Impairment Losses for the period |  |  | Accumulated Impairment Losses |  |  | Effects of Foreign Currency |  |  | Net Carrying Value |
Goodwill |  | $ | 1,004,000 |  |  | $ | (261,000 | ) |  | $ | (261,000 | ) |  | $ | (76,000 | ) |  | $ | 667,000 |  |  | $ | 937,000 |  |  | $ | - |  |  | $ | - |  |  | $ | 67,000 |  |  | $ | 1,004,000 |
The Company performed its annual review of its other intangible assets as of December 31, 2018 and 2017 and determined that there were no indications of impairment for either of the years ended on those dates. As of December 31, 2017, all intangible assets were fully amortized with no remaining useful lives. Amortization expense relating to all intangible assets totaled $29,000 for the year ended December 31, 2017. There was no amortization expense for the year ended December 31, 2018.

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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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