Balance Sheet Components

3 Months Ended

Mar. 31, 2019

Balance Sheet Components

Balance Sheet Components

4. Balance Sheet Components

Goodwill 

The change in the carrying amount of goodwill at March 31, 2019 and December 31, 2018 was as follows:

	March 31,		December 31,
	2019		2018
	(unaudited)
Beginning balance	$	—	$	5,210,821
Impairment		—		(5,210,821)
Ending balance	$	—	$	—

Intangible assets

Intangible assets at March 31, 2019 and December 31, 2018 consisted of the following:

	March 31,		December 31,
	2019		2018
		(unaudited)
Developed technology	$	25,000,000	$	25,000,000
Accumulated developed technology amortization		(2,777,778)		(2,361,111)
Developed technology, net		22,222,222		22,638,889
In process research and development		8,800,000		8,800,000
Trademarks		300,000		300,000
Accumulated trademark amortization		(33,333)		(28,333)
Trademarks, net		266,667		271,667
Total intangible assets, net	$	31,288,889	$	31,710,556

Amortization expense was $421,667 in the three months ended March 31, 2019 and 2018.

The following table summarizes the Company’s estimated future amortization expense of intangible assets with finite lives as of March 31, 2019:

	Amounts
2020	$ 1,265,000
2021	1,686,667
2022	1,686,667
2023	1,686,667
2024	1,686,667
Thereafter	14,477,221
	$ 22,488,889