Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets

Schedule of changes in carrying amount of goodwill

	Nine months ended	Year Ended
	September 30, 2019	December 31, 2018
At the beginning of the year	704,884	—
Goodwill Acquired1	9,323,189	704,884
At the end of the period	10,028,073	704,884

Schedule of amortizing and indefinite lived intangible assets

		September 30, 2019								December 31, 2018
	Weighted	Gross				Accumulated				Gross				Accumulated
	Average Remaining	Carry		Accumulated		Impairment		Net		Carry		Accumulated		Impairment		Net
	Useful Life	Amount		Amortization		Loss		Balance		Amount		Amortization		Loss		Balance
Amortizing Intangible Assets
Animation Copyright (Note 14 (b))	—	$	—	$	—	$	—	$	—	$	301,495	$	(64,606)	$	—	$	236,889
Software and licenses	—		97,308		(97,308)		—		—		97,308		(93,251)		—		4,057
SolidOpinion IP (Note 5 (a))	4.4		4,655,000		(543,084)		—		4,111,916		—		—		—		—
Fintalk intangible assets (Note 5 (b))	4.8		6,350,000		(317,500)		—		6,032,500		—		—		—		—
Influencer network	8.9		1,980,000		(214,500)		—		1,765,500		1,980,000		(66,000)		—		1,914,000
Customer contract1	2.0		558,830		(185,458)		—		373,372		500,000		(55,556)		—		444,444
Continuing Membership Agreement1	19.8		8,255,440		(103,193)		—		8,152,247		—		—		—		—
Trade name	13.9		110,000		(7,944)		—		102,056		110,000		(2,444)		—		107,556
Technology platform	5.9		290,000		(44,881)		—		245,119		290,000		(13,808)		—		276,192
Total amortizing intangible assets		$	22,296,578	$	(1,513,868)	$	—	$	20,782,710	$	3,278,803	$	(295,665)	$	—	$	2,983,138
Indefinite lived intangible assets
Website name			159,504		—		(134,290)		25,214		159,504		—		(134,290)		25,214
Patent			28,000		—		—		28,000		28,000		—		—		28,000
GTB (Note 14 (b))			61,124,407		—		—		61,124,407		—		—		—		—
Total intangible assets		$	83,608,489	$	(1,513,868)	$	(134,290)	$	81,960,331	$	3,466,307	$	(295,665)	$	(134,290)	$	3,036,352

Schedule of amortization expense

	Amortization
	to be
Years ending December 31,	recognized
2019 (excluding the nine months ended September 30, 2019)	$	761,702
2020		3,046,811
2021		2,991,255
2022		2,870,339
2023		2,860,534
2024 and thereafter		8,252,069
Total amortization to be recognized	$	20,782,710