Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.23.3
Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
Intangible assets consisted of the following:
As of September 30, 2023
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
Intangible assets subject to amortization:
Reacquired franchise rights $ 12,924,858  $ (6,069,013) $ 6,855,845 
Customer relationships 4,306,684  (3,126,081) 1,180,603 
Assembled workforce 1,065,311  (478,644) 586,667 
$ 18,296,853  $ (9,673,738) $ 8,623,115 
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) $ 901,345 
2024 2,675,174 
2025 1,602,969 
2026 1,272,426 
2027 717,394 
Thereafter $ 1,453,807 
Total $ 8,623,115