| Schedule of Intangible Assets |
Intangible assets consist of the following:
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As of September 30, 2021 |
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Gross Carrying
Amount |
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Accumulated
Amortization |
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Net Carrying
Value |
Intangible assets subject to amortization: |
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Reacquired franchise rights |
$ |
5,818,621 |
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$ |
(2,841,022) |
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$ |
2,977,599 |
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Customer relationships |
2,547,220 |
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(1,477,187) |
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1,070,033 |
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Reacquired development rights |
4,406,221 |
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(3,173,829) |
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1,232,392 |
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$ |
12,772,062 |
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$ |
(7,492,038) |
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$ |
5,280,024 |
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As of December 31, 2020 |
|
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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$ |
(2,107,730) |
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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) |
$ |
931,145 |
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| 2022 |
2,042,537 |
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| 2023 |
988,325 |
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| 2024 |
468,505 |
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| 2025 |
203,738 |
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| Thereafter |
645,774 |
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| Total expected amortization expense |
$ |
5,280,024 |
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