Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
Intangible assets consisted of the following:
As of June 30, 2024
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Intangible assets subject to amortization:
Reacquired franchise rights $ 7,340,066  $ (3,436,502) $ 3,903,564 
Customer relationships 1,682,807  (1,571,730) 111,077 
Assembled workforce 440,844  (310,323) 130,521 
$ 9,463,717  $ (5,318,555) $ 4,145,162 
As of December 31, 2023
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Intangible assets subject to amortization:
Reacquired franchise rights $ 7,385,830  $ (2,926,595) $ 4,459,235 
Customer relationships 1,682,807  (1,349,938) 332,869 
Assembled workforce 440,844  (212,022) 228,822 
$ 9,509,481  $ (4,488,555) $ 5,020,926 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Estimated amortization expense for 2024 and subsequent years is as follows:
Amount
2024 (remainder) $ 666,043 
2025 1,091,548 
2026 949,138 
2027 556,369 
2028 444,967 
Thereafter $ 437,097 
Total $ 4,145,162