The Joint Corp. Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Intangible Assets

3 Months Ended

Mar. 31, 2017

Note

Intangible Assets

Intangible assets consist of the following:

	As of March 31, 2017
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Value
Amortized intangible assets:
Reacquired franchise rights	$	1,911,750	$	515,136	$	1,396,614
Customer relationships		701,000		580,584		120,416
Reacquired development rights		923,250		276,214		647,036
	$	3,536,000	$	1,371,934	$	2,164,066

Amortization expense was

$174,856

and

$173,677

for the

three

months ended

March

31,

2017

and

2016,

respectively.

Estimated amortization expense for

2017

and subsequent years is as follows: