| Schedule of Intangible Assets |
Intangible assets consist of the following:
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As of March 31, 2021 |
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Gross Carrying
Amount |
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Accumulated
Amortization |
|
Net Carrying
Value |
Intangible assets subject to amortization: |
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Reacquired franchise rights |
$ |
3,246,894 |
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$ |
(2,270,916) |
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|
$ |
975,978 |
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Customer relationships |
1,351,975 |
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(1,199,337) |
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|
152,638 |
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Reacquired development rights |
4,406,221 |
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(2,090,299) |
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2,315,922 |
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$ |
9,005,090 |
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$ |
(5,560,552) |
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$ |
3,444,538 |
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As of December 31, 2020 |
|
Gross Carrying
Amount |
|
Accumulated
Amortization |
|
Net Carrying
Value |
| Intangible assets subject to amortization: |
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| Reacquired franchise rights |
$ |
3,246,894 |
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|
$ |
(2,107,730) |
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$ |
1,139,164 |
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| Customer relationships |
1,351,975 |
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(1,130,800) |
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221,175 |
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| Reacquired development rights |
3,053,201 |
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(1,548,534) |
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1,504,667 |
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$ |
7,652,070 |
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$ |
(4,787,064) |
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$ |
2,865,006 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated amortization expense for 2021 and subsequent years is as follows:
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Amount |
| 2021 (remainder) |
$ |
2,189,279 |
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| 2022 |
1,144,739 |
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| 2023 |
90,521 |
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| 2024 |
19,999 |
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| Total |
$ |
3,444,538 |
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