Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.23.3
Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
Intangible assets consisted of the following:
As of June 30, 2023
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
Intangible assets subject to amortization:
Reacquired franchise rights $ 13,594,191  $ (5,802,132) $ 7,792,059 
Customer relationships 4,444,849  (2,937,539) 1,507,310 
Assembled workforce 1,137,569  (386,578) 750,991 
$ 19,176,609  $ (9,126,249) $ 10,050,360 
As of December 31, 2022
As Restated
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
Intangible assets subject to amortization:
Reacquired franchise rights $ 12,881,894  $ (4,755,286) $ 8,126,608 
Customer relationships 4,330,365  (2,352,500) 1,977,865 
Assembled workforce 959,837  (136,015) 823,822 
$ 18,172,096  $ (7,243,801) $ 10,928,295 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Estimated amortization expense for 2023 and subsequent years is as follows:
Amount
2023 (remainder) $ 1,911,358 
2024 2,824,441 
2025 1,699,025 
2026 1,324,974 
2027 769,942 
Thereafter $ 1,520,620 
Total $ 10,050,360