Quarterly report pursuant to Section 13 or 15(d)

Supplemental Disclosure of Non-cash Information (Tables)

v3.5.0.2
Supplemental Disclosure of Non-cash Information (Tables)
 9 Months Ended
Sep. 30, 2016
Reacquisitions of Franchises Throughout Arizona, California and New York [Member]  
Notes Tables  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
Property and equipment   $ (53,836 )
Intangible assets   $ 4,820  
Favorable leases   $ 6,250  
Goodwill   $ 68,616  
Unfavorable leases   $ (25,850 )
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
Property and equipment   $ 293,014  
Intangible assets     339,000  
Favorable leases     140,728  
Goodwill     269,780  
Total assets acquired     1,042,522  
Deferred membership revenue     (45,072 )
Net purchase price   $ 997,450  
Property and equipment   $ 1,450,333  
Intangible assets     1,947,000  
Favorable leases     528,075  
Goodwill     1,899,449  
Total assets acquired     5,824,857  
Unfavorable leases     (74,927 )
Deferred membership revenue     (106,908 )
Net assets acquired     5,643,022  
Deferred tax liability     (168,000 )
Bargain purchase gain     (261,147 )
Net purchase price   $ 5,213,875