Goodwill

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

6. Goodwill

The following is a summary of goodwill activity for the years ended December 31, 2018 and 2017:

	Amount
Balance at January 1, 2017	$	103,407,351
Acquisitions		86,439,851
Balance at December 31, 2017	$	189,847,202
Adjustments		(242,456	)
Impairment – (MMG)		(3,798,866	)
Balance at December 31, 2018	$	185,805,880

As of December 31, 2018, the Company wrote off the remaining goodwill balance of MMG of $3.8 million (included in impairment of goodwill and intangible assets in the accompanying consolidated statements of income), as MMG is no longer utilized and therefore do not provide any future economic benefit.