Note 8 - Intangible Assets
|3 Months Ended|
Mar. 31, 2019
|Notes to Financial Statements|
|Intangible Assets Disclosure [Text Block]||
February 4, 2019,the Company entered into an agreement under which it repurchased the right to develop franchises in various counties in South Carolina and Georgia. The total consideration for the transaction was
The Company carried a deferred revenue balance associated with these transactions of
$44,334,representing license fees collected upon the execution of the regional developer agreements. The Company accounted for the termination of development rights associated with unsold or undeveloped franchises as a cancellation, and the associated deferred revenue was netted against the aggregate purchase price.
Intangible assets consist of the following:
Amortization expense was
March 31, 2019and
Estimated amortization expense for
2019and subsequent years is as follows:
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef