Goodwill and Intangible Assets |
12 Months Ended |
|---|---|
Dec. 31, 2021 | |
| Goodwill and Intangible Assets [Abstract] | |
| Goodwill and Intangible Assets | 4. Goodwill and Intangible Assets GoodwillThe following table presents goodwill and impairment for the years ended December 31, 2021 and 2020: GoodwillDecember 31, 2019$ 496,352Acquired —Impairment —December 31, 2020 496,352Acquired —Impairment (85,169)December 31, 2021$ 411,183 We conducted our annual impairment test of goodwill as of December 31, 2021 and 2020, which resulted in impairment charges of $85,169. Intangible assets The following table presents components of identifiable intangible assets for the years ended December 31, 2021 and 2020: December 31, 2021 December 31, 2020 GrossCarryingAmount AccumulatedAmortization Net CarryingAmount WeightedAverageUsefulLife(Years) GrossCarryingAmount AccumulatedAmortization Net CarryingAmount WeightedAverageUsefulLife(Years)Patents and trademarks$ 105,543 $ (47,948) $ 57,595 14 $ 197,528 $ (126,499) $ 71,029 14Customer and merchantrelationships 2,321,112 (1,775,579) 545,533 10 2,321,112 (1,678,727) 642,385 10Trade name 197,955 (165,562) 32,393 10 197,950 (156,506) 41,444 10Acquired technology 621,030 (508,839) 112,191 10 621,030 (492,539) 128,491 10Non-compete agreement 79,300 (50,088) 29,212 2 79,300 (34,228) 45,072 2 $ 3,324,940 $ (2,548,017) $ 776,924 $ 3,416,920 $ (2,488,499) $ 928,421 During the years ended December 31, 2021 and 2020, we recorded amortization expense related to our intangible assets of $163,760 and $150,701, respectively, which is included in depreciation and amortization in the consolidated statement of operations. During the years ended December 31, 2021 and 2020, we recorded impairment of $8,286 and $0 respectively related to our intangible assets. Expected future intangible asset amortization as of December 31, 2021 is as follows: Year ending December 31,Amount2022$ 142,9452023 140,4352024 103,8392025 96,0912025 96,091Thereafter 197,523Total$ 776,924 |