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

Note 8 - Intangible Assets

6 Months Ended

Jun. 30, 2018

Note

Intangible Assets

Intangible assets consist of the following:

	As of June 30, 2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Amortized intangible assets:
Reacquired franchise rights	$	1,758,000	$	786,884	$	971,116
Customer relationships		745,000		706,500		38,500
Reacquired development rights		1,162,000		526,348		635,652
	$	3,665,000	$	2,019,732	$	1,645,268

	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

$120,710

and

$243,774

for the

three

and

six

months ended

June 30, 2018,

respectively. Amortization expense was

$146,897

and

$321,753

for the

three

and

six

months ended

June 30, 2017,

respectively.

Estimated amortization expense for

2018

and subsequent years is as follows: