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

Note 6 - Intangible Assets

9 Months Ended

Sep. 30, 2017

Note

Intangible Assets

Intangible assets consist of the following:

	As of September 30, 2017
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Value
Amortized intangible assets:
Reacquired franchise rights	$	1,673,000	$	596,129	$	1,076,871
Customer relationships		701,000		649,417		51,583
Reacquired development rights		1,162,000		401,847		760,153
	$	3,536,000	$	1,647,393	$	1,888,607

	As of December 31, 2016
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		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

$128,562

and

$450,315

for the

three

and

nine

months ended

September 30, 2017,

respectively. Amortization expense was

$203,503

and

$552,062

for the

three

and

nine

months ended

September 30, 2016,

respectively.

Estimated amortization expense for

2017

and subsequent years is as follows: