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Intangible Assets (Table)
6 Months Ended
Jun. 30, 2021
Intangible Assets Net Excluding Goodwill [Abstract]  
Schedule of Expected Future Annual Amortization Expense for Unamortized Intangible Assets

The Company expects the future annual amortization expense for the unamortized intangible assets to be as follows:

Years ending December 31,

 

 

 

 

2021 (excluding the six months ended June 30, 2021)

 

$

9,285

 

2022

 

 

18,569

 

2023

 

 

18,569

 

2024

 

 

18,569

 

2025

 

 

18,569

 

Total

 

$

83,561

 

Schedule of Gross Carrying Amount and Net Book Value of Intangible Assets

The gross carrying amount and net book value of the intangible assets is as follows:

 

 

 

As of

 

 

 

June 30,

2021

 

 

December 31,

2020

 

Gross Carrying Amount

 

$

175,000

 

 

$

175,000

 

Accumulated Amortization

 

 

(21,865

)

 

 

(12,657

)

Net Book Value

 

$

153,135

 

 

$

162,343