Intangible Assets and Goodwill

Intangible assets consist of the following:



	June 30, 2019
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Trademarks and domain names	$	35,798,758	$	(15,474,450	)	$	20,324,308
Customer relationships	15,293,096		(8,629,061		)	6,664,035
Software	19,578,444		(11,918,253		)	7,660,191
Total	$	70,670,298	$	(36,021,764	)	$	34,648,534



	December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Trademarks and domain names	$	34,636,802	$	(13,406,226	)	$	21,230,576
Customer relationships	13,901,313		(7,130,285		)	6,771,028
Software	18,722,187		(10,165,352		)	8,556,835
Total	$	67,260,302	$	(30,701,863	)	$	36,558,439

Amortization expense was approximately $2.8 million and $3.0 million for the three months ended June 30, 2019 and 2018, respectively, and $5.3 million and $6.0 million for the six months ended June 30, 2019 and 2018, respectively.

Annual future amortization expense for the Company’s intangible assets is as follows:



Year ending December 31,	Amortization Expense
Remaining in 2019	$	5,210,855
2020	8,590,701
2021	7,108,018
2022	4,164,598
2023	2,762,863
Thereafter	6,811,499
Total	$	34,648,534

The changes in the carrying amount of goodwill for the six months ended June 30, 2019 are as follows:



	June 30, 2019
Balance at December 31, 2018	$	148,132,873
Goodwill acquired from Growlr Acquisition	9,613,351
Foreign currency translation adjustments	(357,904		)
Balance at June 30, 2019	$	157,388,320