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

Note 7 - Intangible Assets

3 Months Ended

Mar. 31, 2018

Note

Intangible Assets

Intangible assets consist of the following:

	As of March 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Amortized intangible assets:
Reacquired franchise rights	$	1,673,000	$	719,757	$	953,243
Customer relationships		701,000		694,417		6,583
Reacquired development rights		1,162,000		484,848		677,152
	$	3,536,000	$	1,899,022	$	1,636,978

	As of December 31, 2017
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Amortized intangible assets:
Reacquired franchise rights	$	1,673,000	$	657,943	$	1,015,057
Customer relationships		701,000		674,667		26,333
Reacquired development rights		1,162,000		443,348		718,652
	$	3,536,000	$	1,775,958	$	1,760,042

Amortization expense was

$123,064

and

$174,856

for the

three

months ended

March 31, 2018

and

2017,

respectively.

Estimated amortization expense for

2018

and subsequent years is as follows: