| Schedule of Intangible Assets |
Intangible assets consisted of the following:
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December 31, 2019 |
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Gross Carrying
Amount
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Accumulated
Amortization
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Net Carrying
Value
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| Intangible assets subject to amortization: |
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| Reacquired franchise rights |
$ |
3,246,494 |
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$ |
1,400,086 |
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$ |
1,846,408 |
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| Customer relationships |
1,255,975 |
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865,478 |
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390,497 |
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| Reacquired development rights |
2,050,481 |
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1,067,595 |
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982,886 |
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$ |
6,552,950 |
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$ |
3,333,159 |
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$ |
3,219,791 |
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December 31, 2018 |
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Gross Carrying
Amount
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|
Accumulated
Amortization
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|
Net Carrying
Value
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| Intangible assets subject to amortization: |
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| Reacquired franchise rights |
$ |
1,758,000 |
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$ |
921,138 |
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$ |
836,862 |
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| Customer relationships |
745,000 |
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717,498 |
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27,502 |
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| Reacquired development rights |
1,413,316 |
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643,620 |
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769,696 |
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$ |
3,916,316 |
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$ |
2,282,256 |
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$ |
1,634,060 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated amortization expense for 2020 and subsequent years is as follows:
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| 2020 |
$ |
1,409,962 |
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| 2021 |
1,212,703 |
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| 2022 |
539,750 |
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| 2023 |
57,376 |
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| Total |
$ |
3,219,791 |
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| Schedule of Goodwill |
The changes in the carrying amount of goodwill were as follows:
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Corporate Clinic Segment |
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| Balance as of December 31, 2018 |
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| Goodwill, gross |
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$ |
3,280,139 |
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| Accumulated impairment losses |
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(54,994) |
| Goodwill, net |
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3,225,145 |
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| 2019 acquisitions |
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925,316 |
| Balance as of December 31, 2019 |
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| Goodwill, gross |
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4,205,455 |
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| Accumulated impairment losses |
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(54,994) |
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| Goodwill, net |
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$ |
4,150,461 |
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