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

Note 6 - Intangible Assets

6 Months Ended

Jun. 30, 2017

Note

Intangible Assets

Intangible assets consist of the following:

	As of June 30, 2017
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Amortized intangible assets:
Reacquired franchise rights	$	1,673,000	$	534,316	$	1,138,684
Customer relationships		701,000		624,167		76,833
Reacquired development rights		1,162,000		360,348		801,652
	$	3,536,000	$	1,518,831	$	2,017,169

	As of December 31, 2016
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Amortized intangible assets:
Reacquired franchise rights	$	1,673,000	$	410,688	$	1,262,312
Customer relationships		701,000		509,042		191,958
Reacquired development rights		1,162,000		277,348		884,652
	$	3,536,000	$	1,197,078	$	2,338,922

Amortization expense was

$146,897

and

$321,753

for the

three

and

six

months ended

June 30, 2017,

respectively. Amortization expense was

$174,882

and

$348,559

for the

three

and

six

months ended

June 30, 2016,

respectively.

Estimated amortization expense for

2017

and subsequent years is as follows: