Goodwill and Intangible Assets
|12 Months Ended|
Dec. 31, 2020
|Goodwill and Intangible Assets [Abstract]|
|Goodwill and Intangible Assets||
3. Goodwill and Intangible Assets
The following table presents goodwill and impairment for the years ended December 31, 2020 and 2019:
We conducted our annual impairment test of goodwill as of December 31, 2020 and 2019, which resulted in no impairment charges. During the year ended December 31, 2019, there was an adjustment for $41,198 to correct the goodwill recorded related to the acquisition of Belly.
The following table presents components of identifiable intangible assets for the years ended December 31, 2020 and 2019:
During the years ended December 31, 2020 and 2019, we recorded amortization expense related to our intangible assets of $150,701 and $178,653, respectively, which is included in depreciation and amortization in the consolidated statement of operations.
During the years ended December 31, 2020 and 2019, we recorded no impairment charges related to our intangible assets.
Expected future intangible asset amortization as of December 31, 2020 is as follows:
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef