Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.23.3
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
Intangible assets consist of the following:
As of March 31, 2023
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Intangible assets subject to amortization:
Reacquired franchise rights $ 12,881,894  $ (5,282,762) $ 7,599,132 
Customer relationships 4,330,365  (2,641,865) 1,688,500 
Assembled workforce 959,837  (256,399) 703,438 
$ 18,172,096  $ (8,181,026) $ 9,991,070 
As of December 31, 2022
As Restated
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Intangible assets subject to amortization:
Reacquired franchise rights $ 12,881,894  $ (4,755,286) $ 8,126,608 
Customer relationships 4,330,365  (2,352,500) 1,977,865 
Assembled workforce 959,837  (136,015) 823,822 
$ 18,172,096  $ (7,243,801) $ 10,928,295 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Estimated amortization expense for 2023 and subsequent years is as follows:
Amount
2023 (remainder) $ 2,706,511 
2024 2,578,510 
2025 1,542,251 
2026 1,225,152 
2027 670,120 
Thereafter 1,268,526 
Total $ 9,991,070