Intangible Assets and Goodwill

Intangible assets consist of the following:



	June 30, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Trademarks and domain names	$	34,879,427	$	(11,246,720	)	$	23,632,707
Customer relationships	13,972,303		(5,569,574		)	8,402,729
Software	18,748,921		(8,441,535		)	10,307,386
Total	$	67,600,651	$	(25,257,829	)	$	42,342,822



	December 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Trademarks and domain names	$	35,204,638	$	(8,952,725	)	$	26,251,913
Customer relationships	14,067,457		(3,677,895		)	10,389,562
Software	18,784,755		(6,706,802		)	12,077,953
Total	$	68,056,850	$	(19,337,422	)	$	48,719,428

Amortization expense was approximately $3.0 million and $2.4 million for the three months ended June 30, 2018 and 2017 and $6.0 million and $3.6 million for the six months ended June 30, 2018 and 2017, respectively.

Annual future amortization expense for the Company’s intangible assets is as follows:



Year ending December 31,	Amortization Expense
Remaining in 2018	$	5,529,149
2019	9,536,157
2020	7,580,775
2021	6,565,356
2022	3,974,978
Thereafter	9,156,407
Total	$	42,342,822

The changes in the carrying amount of goodwill for the six months ended June 30, 2018 are as follows:



	June 30, 2018
Balance at December 31, 2017	$	150,694,135
Foreign currency translation adjustments	(1,466,887		)
Balance at June 30, 2018	$	149,227,248