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Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 4. Intangible Assets

Intangible assets as of June 30, 2020 and December 31, 2019 consisted of the following:

				June 30, 2020												December 31, 2019
Intangible assets		Useful life		Gross assets				Accumulated amortization				Net				Gross assets				Accumulated amortization				Net
Ticketing software		5 years		$	64,000			$	(18,133	)		$	45,867			$	64,000			$	(11,733	)		$	52,267
Promoter relationships		7 years			176,000				(35,619	)			140,381				176,000				(23,048	)			152,952
Total intangible assets				$	240,000			$	(53,752	)		$	186,248			$	240,000			$	(34,781	)		$	205,219

Amortization expense for the three months ended June 30, 2020 and 2019, was $9,485 and $9,486, respectively. Amortization expense for the six months ended June 30, 2020 and 2019, was $18,971 and $15,810, respectively.

As of June 30, 2020, the estimated future amortization expense of amortizable intangible assets is as follows:

Year ending December 31,
2020 (remaining 6 months of 2020)		$	18,972
2021			37,943
2022			37,943
2023			37,943
2024			26,209
Thereafter			27,238
Total		$	186,248