Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

v3.20.4
Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
Intangible assets consisted of the following:
December 31, 2020
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Intangible assets subject to amortization:
Reacquired franchise rights $ 3,246,894  $ 2,107,730  $ 1,139,164 
Customer relationships 1,351,975  1,130,800  221,175 
Reacquired development rights 3,053,201  1,548,534  1,504,667 
$ 7,652,070  $ 4,787,064  $ 2,865,006 

December 31, 2019
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Intangible assets subject to amortization:
Reacquired franchise rights $ 3,246,494  $ 1,400,086  $ 1,846,408 
Customer relationships 1,255,975  865,478  390,497 
Reacquired development rights 2,050,481  1,067,595  982,886 
$ 6,552,950  $ 3,333,159  $ 3,219,791 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Estimated amortization expense for 2021 and subsequent years is as follows:
2021 $ 1,713,819 
2022 1,040,666 
2023 90,521 
2024 20,000 
Total $ 2,865,006 
Schedule of Goodwill
The changes in the carrying amount of goodwill were as follows:


Corporate Clinic Segment
Balance as of December 31, 2019
Goodwill, gross $ 4,205,455 
Accumulated impairment losses (54,994)
Goodwill, net 4,150,461 
2020 acquisition 475,143 
Balance as of December 31, 2020
Goodwill, gross 4,680,598
Accumulated impairment losses (54,994)
Goodwill, net $ 4,625,604