v3.26.1
Amortizable Intangible Assets
3 Months Ended
Mar. 31, 2026
Amortizable Intangible Assets  
Amortizable Intangible Assets

6. Amortizable Intangible Assets

Identified intangible assets of $210,280 consisted primarily of university partner relationships that were valued at $210,000, which arose in connection with the acquisition of Orbis Education in January 2019.

Amortizable intangible assets consist of the following as of:

March 31, 2026

Estimated

Gross

Net

Average Useful

Carrying

Accumulated

Carrying

Life (in years)

Amount

Amortization

Amount

University partner relationships

25

  ​

$

210,000

  ​

$

(60,562)

  ​

$

149,438

Trade names

1

280

(280)

 

Total amortizable intangible assets, net

$

210,280

$

(60,842)

$

149,438

Estimated amortization expense for university partner relationships and trade names for the years ending December 31:

2026

$

6,314

2027

 

8,419

2028

8,419

2029

8,419

2030

8,419

Thereafter

 

109,448

$

149,438