Quarterly report pursuant to Section 13 or 15(d)

6. Goodwill and Intangible Assets, Net (Tables)

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6. Goodwill and Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2019
Goodwill And Intangible Assets Net Tables Abstract  
Schedule of Intangible Assets

The Company had the following intangible assets as of June 30, 2019, and December 31, 2018:

 

    June 30, 2019     December 31, 2018  
Trademarks (a)   $ 129,831     $ 129,831  
Product Masters (a)     64,676       64,676  
Other Intangible Assets (a)     272,529       272,529  
Intangible Assets, Gross     467,036       467,036  
Less Accumulated Amortization (b)     (396,541 )     (377,048 )
Intangible Assets, Net   $ 70,495     $ 89,988  

  

  (a) Pursuant to FASB ASC 350-30-35, the Company reviews these intangible assets periodically to determine if the value should be retired or impaired due to recent events. Through June 30, 2019, the Company has not recognized any impairment expense related to these assets.
  (b) During the three months ended June 30, 2019 and June 30, 2018, the Company recognized $9,720 and $15,279, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets. During the six months ended June 30, 2019 and June 30, 2018, the Company recognized $19,493 and $28,278, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets.
Expected Future Ingtangible Asset Amortization

Expected future intangible asset amortization as of June 30, 2019 is as follows:

 

Fiscal Year:        
  2019     $ 18,912  
  2020       37,835  
  2021       9,698  
  2022       1,861  
  2023       1,465  
  2024       724  
  Total     $ 70,495