GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
NOTE 10. GOODWILL AND OTHER INTANGIBLE ASSETS

Intangible Assets

The following table summarizes intangible assets by category (in thousands):
 
December 31, 2019
 
December 31, 2018
 
Gross Amount
 
Accumulated
Amortization
 
Net Amount
 
Gross Amount
 
Accumulated
Amortization
 
Net Amount
Finite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Domain names
$
1,256

 
$
(874
)
 
$
382

 
$
1,256

 
$
(801
)
 
$
455

Media content and broadcast rights
—

 
—

 
—

 
1,350

 
(923
)
 
427

Other intangible assets
68

 
(68
)
 
—

 
68

 
(68
)
 
—

 
$
1,324

 
$
(942
)
 
$
382

 
$
2,674

 
$
(1,792
)
 
$
882

Indefinite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
License to operate in China
127

 

 
127

 
128

 

 
128

Total intangible assets
$
1,451

 

 
$
509

 
$
2,802

 

 
$
1,010




For the year ended December 31, 2019 and 2018, total amortization expense was $0.3 million and $0.7 million, respectively.

During the fourth quarter of 2019, we decided that we would no longer create content that could make use of the intangible asset related to media content and broadcast rights. As a result, we determined that the remaining portion of such intangible asset was impaired based on revised cash flow estimates, so we recognized an impairment loss of approximately $0.2 million.

During the fourth quarter of 2018, we decided that we would outsource video production to a third party. As a result, we determined that the remaining intangible asset related to the CBG Acquisition was impaired based on revised cash flow estimates, so we recognized an impairment loss of approximately $0.6 million.

On December 18, 2018, we and Simply FinTech, Inc. (“Simply FinTech”) entered into a quitclaim agreement (the “Simply FinTech Agreement”) under which we sold the Banks.com domain name and related rights and property to Simply FinTech. Pursuant to the Simply FinTech Agreement, in exchange for the assets we sold to Simply FinTech, we received $0.5 million in cash. We recognized a gain of approximately $0.4 million on the sale, which we reported in Other gain (loss) on our 2018 Consolidated Statement of Operations and Comprehensive Loss.

The following table presents the aggregate amortization expense related to finite-lived intangible assets for the next five years (in thousands):
For the year ending December 31:
Amount
2020
$
73

2021
73

2022
73

2023
73

Thereafter
90




Goodwill

We had no goodwill as of December 31, 2019. The following table summarizes the changes in goodwill during the year ended December 31, 2018 (in thousands):
 
 
Year Ended December 31, 2018
 
 
 
Corporate Entity and Other Business Units
 
Total
Balance at beginning of period
 
 
$
1,585

 
$
1,585

Impairment of goodwill
 
 
(1,585
)
 
(1,585
)
Balance at end of period
 
 
$
—

 
$
—




Our sale of substantially all of Banks.com’s remaining assets during the fourth quarter of 2018 prompted us to record the impairment of goodwill noted in the table above, as we determined at that time that we would not operate the Banks.com business in the future.