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