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Intangible Assets | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | 9. INTANGIBLE ASSETS As of December 31, 2019 and 2018, intangible assets consist of:
|  | Software and software |  |  |  |  |  |  |
|  | development costs |  |  | Trademarks |  |  | Total |
Gross carrying amounts Balance as of January 1, 2018 |  | $ | 4,315,870 |  |  |  | 943,645 |  |  |  | 5,259,515 |
Foreign currency translation |  |  | (232,327 | ) |  |  | (50,797 | ) |  |  | (283,124 | )
Balance as of December 31, 2018 |  |  | 4,083,543 |  |  |  | 892,848 |  |  |  | 4,976,391 |
Foreign currency translation |  |  | (53,061 | ) |  |  | (11,603 | ) |  |  | (64,664 | )
Balance as of December 31, 2019 |  |  | 4,030,482 |  |  |  | 881,245 |  |  |  | 4,911,727 |
Accumulated amortization Balance as of January 1, 2018 |  |  | 3,539,466 |  |  |  | 911,342 |  |  |  | 4,450,808 |
Amortization expense |  |  | 716,744 |  |  |  | 17,406 |  |  |  | 734,150 |
Foreign currency translation |  |  | (218,746 | ) |  |  | (49,742 | ) |  |  | (268,488 | )
Balance as of December 31, 2018 |  |  | 4,037,464 |  |  |  | 879,006 |  |  |  | 4,916,470 |
Amortization expense |  |  | 45,889 |  |  |  | 12,275 |  |  |  | 58,164 |
Foreign currency translation |  |  | (52,871 | ) |  |  | (11,532 | ) |  |  | (64,403 | )
Balance as of December 31, 2019 |  |  | 4,030,482 |  |  |  | 879,749 |  |  |  | 4,910,231 |
Intangible assets, net |  | $ | - |  |  | $ | 1,496 |  |  | $ | 1,496 |
Amortization expense for the year ended December 31, 2019, 2018 and 2017 was approximately $0.06 million, $0.7 million and $0.8 million, respectively. Estimated amortization for 2020 is $1,496, and intangible assets will be fully amortized in 2020.

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- Definition The entire disclosure for all or part of the information related to 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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