Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.20.2
Intangible Assets
 3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 4. Intangible Assets


Intangible assets as of March 31, 2020 and December 31, 2019 consisted of the following:


        March 31, 2020     December 31, 2019  
Intangible assets   Useful life   Gross assets     Accumulated amortization     Net     Gross assets     Accumulated amortization     Net  
Ticketing software   5 years   $ 64,000     $ (14,934 )   $ 49,066     $ 64,000     $ (11,733 )   $ 52,267  
Promoter relationships   7 years     176,000       (29,333 )     146,667       176,000       (23,048 )     152,952  
Total intangible assets       $ 240,000     $ (44,267 )   $ 195,733     $ 240,000     $ (34,781 )   $ 205,219  

Amortization expense for the three months ended March 31, 2020 and 2019, was $9,486 and $6,324, respectively.


As of March 31, 2020, the estimated future amortization expense of amortizable intangible assets is as follows:


Year ending December 31,      
  2020 (remaining 9 months of 2020)   $ 28,457  
  2021     37,943  
  2022     37,943  
  2023     37,943  
  2024     26,209  
  Thereafter     27,238  
  Total   $ 195,733