6. Goodwill and Intangible Assets, Net (Tables)

9 Months Ended

Sep. 30, 2019

Goodwill And Intangible Assets Net Tables Abstract

Schedule of Intangible Assets

	September 30, 2019			December 31, 2018
Trademarks (a)	$	129,831		$	129,831
Product Masters (a)		64,676			64,676
Other Intangible Assets (a)		272,528			272,529
Intangible Assets, Gross		467,035			467,036
Less Accumulated Amortization (b)		(405,996	)		(377,048	)
Intangible Assets, Net	$	61,039		$	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 September 30, 2019, the Company has not recognized any impairment expense related to these assets.

(b)

During the three months ended September 30, 2019 and September 30, 2018, the Company recognized $9,456 and $9,560, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets. During the nine months ended September 30, 2019 and September 30, 2018, the Company recognized $28,949 and $37,877, 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 September 30, 2019 is as follows:

Fiscal Year:
	2019	$	9,456
	2020		37,835
	2021		9,698
	2022		1,861
	2023		1,465
	2024		724
	Total	$	61,039