Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Note 10 – Intangible Assets and Goodwill

Indefinite lived Intangible assets, consists of the following:

	December 31,		December 31,
	2019		2018
Intangible asset - video content license	$	5,000,000	$	5,000,000
Popcornflix film rights and other assets		7,163,943		7,163,943
	$	12,163,943	$	12,163,943

Amortizable intangible assets, consists of the following:

	December 31,		December 31,
	2019		2018
Acquired customer base, net	$	1,660,425	$	2,118,473
Non-compete agreement, net		287,175		463,898
Website development, net		259,510		389,266
Crackle Plus Customer User Base, net		11,259,653		—
Crackle Plus Content Rights, net		1,352,381		—
Crackle Brand Value, net		17,127,807		—
Crackle Plus Partner Agreements, net		3,505,000		—
	$	35,451,951	$	2,971,637

Amortization expense was $13,235,315 and $326,986 for the years ended December 31, 2019 and 2018, respectively.

Goodwill consists of the following:

	December 31,		December 31,
	2019		2018
Goodwill: Pivotshare	$	1,300,319	$	1,300,319
Goodwill: A Plus		1,236,760		1,236,760
Goodwill: Crackle Plus		18,911,027		—
	$	21,448,106	$	2,537,079

There was no impairment related to goodwill and intangible assets for the years ended December 31, 2019 and 2018.