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Intangible Assets | 9 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Note 5. Intangible Assets Intangible assets as of September 30, 2020 and December 31, 2019 consisted of the following:
|  |  |  | September 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 |  |  | $ | (21,333 | ) |  | $ | 42,667 |  |  | $ | 64,000 |  |  | $ | (11,733 | ) |  | $ | 52,267 |
Promoter relationships |  | 7 years |  |  | 176,000 |  |  |  | (41,905 | ) |  |  | 134,095 |  |  |  | 176,000 |  |  |  | (23,048 | ) |  |  | 152,952 |
Total intangible assets |  |  |  | $ | 240,000 |  |  | $ | (63,238 | ) |  | $ | 176,762 |  |  | $ | 240,000 |  |  | $ | (34,781 | ) |  | $ | 205,219 |
Amortization expense for the three months ended September 30, 2020 and 2019, was $8,941 and $9,485, respectively. Amortization expense for the nine months ended September 30, 2020 and 2019, was $28,457 and $25,295, respectively. As of September 30, 2020, the estimated future amortization expense of amortizable intangible assets is as follows: The estimated future amortization expense for the next five years and thereafter is as follows:
Year ending December 31, |  |  |
2020 (remaining 3 months of 2020) |  | $ | 9,486 |
2021 |  |  | 37,943 |
2022 |  |  | 37,943 |
2023 |  |  | 37,943 |
2024 |  |  | 26,209 |
Thereafter |  |  | 27,238 |
Total |  | $ | 176,762 |

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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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