Intangible Assets

12 Months Ended

Dec. 31, 2022

Intangible Assets

Intangible Assets

6. Intangible Assets

Amortizable intangible assets consist of the following as of:

	December 31, 2022
	Estimated	Gross				Net
	Average Useful	Carrying		Accumulated		Carrying
	Life (in years)	Amount		Amortization		Amount
University partner relationships	25	$	210,000	$	(33,200)	$	176,800
Trade names	1		280		(280)		—
Total amortizable intangible assets, net		$	210,280	$	(33,480)	$	176,800

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

2023	$	8,419
2024		8,419
2025		8,419
2026		8,419
2027		8,419
Thereafter		134,705
	$	176,800