Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2020

Intangible Assets

Summary of amortizable intangible assets

	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

Schedule of amortization expense for university partner relationships and trade names

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