The Joint Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:


			As of March 31, 2024
			Gross Carrying Amount						Accumulated Amortization						Net Carrying Value
Intangible assets subject to amortization:
Reacquired franchise rights			$	7,385,830					$	(3,181,549)					$	4,204,281
Customer relationships			1,682,807						(1,493,034)						189,773
Assembled workforce			440,844						(261,173)						179,671
			$	9,509,481					$	(4,935,756)					$	4,573,725


			As of December 31, 2023
			Gross Carrying Amount						Accumulated Amortization						Net Carrying Value
Intangible assets subject to amortization:
Reacquired franchise rights			$	7,385,830					$	(2,926,595)					$	4,459,235
Customer relationships			1,682,807						(1,349,938)						332,869
Assembled workforce			440,844						(212,022)						228,822
			$	9,509,481					$	(4,488,555)					$	5,020,926

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense for 2024 and subsequent years is as follows:


			Amount
2024 (remainder)			$	1,053,419
2025			1,100,700
2026			958,290
2027			565,521
2028			454,120
Thereafter			441,675
Total			$	4,573,725