Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.20.1
Intangible Assets
12 Months Ended
Dec. 31, 2019
Intangible Assets  
Intangible Assets

10.Intangible Assets

Trademarks are being amortized on a straight line basis over their respective estimated useful life of 36 months.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

Estimated  

 

 

 

 

 

 

 

 

 

 

 

Useful  

 

 

 

 

 

 

 

 

 

 

 

Life (in 

 

Gross Carrying  

 

Accumulated 

 

Net Carrying

 

    

 Years)

    

Amount

    

Amortization

    

Amount

Trademarks

 

 3

 

$

100,000

 

$

72,000

 

$

28,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

Estimated  

 

 

 

 

 

 

 

 

Useful 

 

 

 

 

 

 

 

 

Life (in 

 

Gross Carrying 

 

Accumulated 

 

Net Carrying 

 

    

Years)

    

Amount

    

Amortization

    

Amount

Trademarks

 

 3

 

$

100,000

 

$

39,000

 

$

61,000

 

The estimated future amortization expense of acquisition-related intangible assets subject to amortization as of December 31, 2019 is $28,000 for the year ending December 31, 2020.