General form of registration statement for all companies including face-amount certificate companies

Intangible Assets, Net (Tables)

v3.20.1
Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
    Indefinite-Lived
Trade Names
    Trademarks     Customer
Relationships
    Intellectual
Property
    Accumulated
Amortization
    Total  
Balance as of January 1, 2018   1,000,000     24,882,577     3,457,724     262,092     (9,324,831 )   20,277,562  
Purchases of intangibles     -       31,739       -       6,820       -       38,559  
Amortization expense     -       -       -       -       (2,844,296 )     (2,844,296 )
Impairment of intellectual property     -       -       -       (236,833 )     -       (236,833 )
Balance as of December 31, 2018     1,000,000       24,914,316       3,457,724       32,079       (12,169,127 )     17,234,992  
Purchases of intangibles     -       45,761       -       4,335       -       50,096  
Amortization expense     -       -       -       -       (2,495,212 )     (2,495,212 )
Impairment of intellectual property     -       -       -       -       -       -  
Balance as of December 31, 2019   1,000,000     24,960,077     3,457,724     36,414     (14,664,339 )   14,789,876  
                                                 
Weighted average remaining amortization period at December 31, 2019 (in years)   n/a     5.5     n/a     8.3                  
Schedule of estimated useful lives
    Indefinite-Lived
Trade Names
    Trademarks     Customer
Relationships
    Intellectual
Property
    Accumulated
Amortization
 
Balance as of January 1, 2018   $         -     $ 6,214,823     $ 3,110,008     $ -     $ 9,324,831  
Amortization expense     -       2,494,174       347,716       2,406       2,844,296  
Balance as of December 31, 2018     -       8,708,997       3,457,724       2,406       12,169,127  
Amortization expense     -       2,495,212       -       -       2,495,212  
Balance as of December 31, 2019   $ -     $ 11,204,209     $ 3,457,724     $ 2,406     $ 14,664,339  
Schedule of estimated future amortization expense

Years Ending December 31,

     
       
2020     2,498,676  
2021     2,498,676  
2022     2,498,676  
2023     2,498,676  
2024     2,498,676  
Thereafter     1,296,496  
    $ 13,789,876