Note 8 - Intangible Assets
|12 Months Ended|
Dec. 31, 2018
|Notes to Financial Statements|
|Intangible Assets Disclosure [Text Block]||
July 26, 2018,the Company entered into an agreement under which it repurchased the regional development rights to develop franchises in Las Vegas, Nevada. The total consideration for the transaction was
$278,250,paid in cash.
The Company carried a deferred revenue balance associated with these transactions of
$26,934,representing license fees collected upon the execution of the regional developer agreements. The Company accounted for the termination of development rights associated with unsold or undeveloped franchises as a cancellation, and the associated deferred revenue was netted against the aggregate purchase price.
Intangible assets consisted of the following:
Amortization expense was
$578,880for the years ended
December 31, 2018and
Estimated amortization expense for
2019and subsequent years is as follows:
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef