Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 10 - Intangible Assets

Indefinite lived intangible assets, consists of the following:

	March 31,		December 31,
	2020		2019
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

Intangible assets, net, consists of the following:

	March 31,		December 31,
	2020		2019
Acquired customer base, net	$	1,545,913	$	1,660,425
Non-compete agreement, net		242,994		287,175
Website development, net		227,072		259,510
Crackle Plus customer user base, net		7,285,658		11,259,653
Crackle Plus content rights, net		1,210,024		1,352,381
Crackle brand value, net		16,456,129		17,127,807
Crackle Plus partner agreements, net		3,304,714		3,505,000
	$	30,272,504	$	35,451,951

Amortization expense was $5,179,447 and $191,132 for the three ended March 31, 2020 and 2019, respectively.

As of March 31, 2020 amortization expense for the next 5 years is expected be:

Remainder of 2020	$	10,902,014
2021		4,755,536
2022		4,159,440
2023		3,774,138
2024		2,987,143
Thereafter		3,694,233
Total	$	30,272,504

Goodwill consists of the following:

	March 31,		December 31,
	2020		2019
Goodwill: Pivotshare	$	1,300,319	$	1,300,319
Goodwill: A Plus		1,236,760		1,236,760
Goodwill: Crackle Plus		18,911,027		18,911,027
	$	21,448,106	$	21,448,106

There was no impairment recorded related to goodwill and intangible assets in the three months ended March 31, 2020 and 2019, respectively.