Intangible Assets

6 Months Ended

Jun. 30, 2020

Intangible Assets

Intangible Assets

8. Intangible Assets

Amortizable intangible assets consist of the following as of:

	June 30, 2020
	Estimated	Gross				Net
	Average Useful	Carrying		Accumulated		Carrying
	Life (in years)	Amount		Amortization		Amount
University partner relationships	25	$	210,000		(12,153)	$	197,847
Trade names	1		280		(280)		—
Total amortizable intangible assets, net		$	210,280		(12,433)	$	197,847

Amortization expense for university partner relationships and trade names for the years ending December 31:

2020	$	4,210
2021		8,419
2022		8,419
2023		8,419
2024		8,419
Thereafter		159,961
	$	197,847