| Schedule of Intangible Assets |
Intangible assets consist of the following:
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As of March 31, 2022 |
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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 |
$ |
6,795,865 |
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|
$ |
(3,468,788) |
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|
$ |
3,327,077 |
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| Customer relationships |
2,603,006 |
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(1,700,012) |
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|
902,994 |
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| Reacquired development rights |
4,561,024 |
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(4,008,114) |
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|
552,910 |
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| Assembled workforce |
59,311 |
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(12,351) |
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|
46,960 |
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|
$ |
14,019,206 |
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|
$ |
(9,189,265) |
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|
$ |
4,829,941 |
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As of December 31, 2021 |
|
Gross Carrying
Amount |
|
Accumulated
Amortization |
|
Net Carrying
Value |
| Intangible assets subject to amortization: |
|
|
|
|
|
| Reacquired franchise rights |
$ |
6,795,865 |
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|
$ |
(3,153,037) |
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|
$ |
3,642,828 |
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| Customer relationships |
2,603,006 |
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(1,587,443) |
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|
1,015,563 |
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| Reacquired development rights |
4,406,221 |
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(3,715,594) |
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|
690,627 |
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| Assembled workforce |
59,311 |
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(4,939) |
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|
54,372 |
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$ |
13,864,403 |
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|
$ |
(8,461,013) |
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|
$ |
5,403,390 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated amortization expense for 2022 and subsequent years is as follows:
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Amount |
| 2022 (remainder) |
$ |
1,563,440 |
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| 2023 |
1,233,884 |
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| 2024 |
666,142 |
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| 2025 |
386,006 |
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| 2026 |
286,602 |
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| Thereafter |
$ |
693,867 |
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| Total |
$ |
4,829,941 |
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