Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.20.2
Intangible Assets
 6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 4. Intangible Assets


Intangible assets as of June 30, 2020 and December 31, 2019 consisted of the following:


        June 30, 2020     December 31, 2019  
Intangible assets   Useful life   Gross
assets		     Accumulated amortization     Net     Gross
assets		     Accumulated amortization     Net  
Ticketing software   5 years   $ 64,000     $ (18,133 )   $ 45,867     $ 64,000     $ (11,733 )   $ 52,267  
Promoter relationships   7 years     176,000       (35,619 )     140,381       176,000       (23,048 )     152,952  
Total intangible assets       $ 240,000     $ (53,752 )   $ 186,248     $ 240,000     $ (34,781 )   $ 205,219  

Amortization expense for the three months ended June 30, 2020 and 2019, was $9,485 and $9,486, respectively. Amortization expense for the six months ended June 30, 2020 and 2019, was $18,971 and $15,810, respectively.


As of June 30, 2020, the estimated future amortization expense of amortizable intangible assets is as follows:


Year ending December 31,      
2020 (remaining 6 months of 2020)   $ 18,972  
2021     37,943  
2022     37,943  
2023     37,943  
2024     26,209  
Thereafter     27,238  
Total   $ 186,248