Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Intangible Assets

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Note 5 - Intangible Assets
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]
Note
5:
Intangible Assets
 
Intangible assets consist of the following:
 
    As of March 31, 2017
    Gross Carrying   Accumulated   Net Carrying
    Amount   Amortization   Value
Amortized intangible assets:                        
Reacquired franchise rights   $
1,911,750
    $
515,136
    $
1,396,614
 
Customer relationships    
701,000
     
580,584
     
120,416
 
Reacquired development rights    
923,250
     
276,214
     
647,036
 
    $
3,536,000
    $
1,371,934
    $
2,164,066
 
 
Amortization expense was
$174,856
and
$173,677
for the
three
months ended
March
31,
2017
and
2016,
respectively.
 
Estimated amortization expense for
2017
and subsequent years is as follows:
 
2017   $
404,025
 
2018    
439,589
 
2019    
413,256
 
2020    
413,256
 
2021    
348,034
 
Thereafter    
145,906
 
Total   $
2,164,066