6. Goodwill and Intangible Assets, Net (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Warrant weighted average exercise price per share, exercisable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Intangible Asset |
The Company had the following intangible assets as of March 31, 2020, and December 31, 2019:
(a) Pursuant to FASB ASC 350-30-35, the Company reviews these intangible assets periodically to determine if the value should be retired or impaired due to recent events. At December 31, 2019, the Company determined that the Product Masters inventory had no further useful life and the asset value and accumulated amortization were written off.
(b) During the three months ended March 31, 2020 and March 31, 2019, the Company recognized, $10,791 and $9,773, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets. |
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| Schedule of expected future ingtangible asset amortization |
Expected future intangible asset amortization as of March 31, 2020 is as follows:
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