Kaido Company purchased a patent many years ago for a cost of $3,000,000. The carrying amount of the patent on December 31, 2020 is $1,850,000. On December 31, 2020, Kaido determines that the undiscounted expected future net cash flows is $1,500,000 and the current fair value is $1,200,000. What amount of impairment loss, if any, does Kaido record with regard to this patent in 2020?