XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.22.4

Intangible Assets: | 12 Months Ended
--- | ---
Dec. 31, 2022
Intangible Assets |
Intangible Assets | 5. Intangible Assets: ​ In June 2022, Winmark terminated an agreement that contained the rights for eleven Play It Again Sports stores to operate separately from Winmark’s franchise system. In terminating the agreement, which included $3.54 million of consideration paid by Winmark, Winmark reacquired the franchise rights to these eleven stores. Upon termination of the agreement, individual franchise agreements were signed for these eleven stores, each with an initial term of ten years. Intangible assets consist of these reacquired franchise rights. The Company amortizes the fair value of the reacquired franchise rights over the contract term of the franchise. The Company recognized $191,700 of amortization expense for the year ended December 31, 2022. ​ Intangible assets consist of the following: ​
​ | ​ | ​ | ​
​ | ​ | December 31, 2022
Reacquired franchise rights | ​ | $ | 3,540,000
Accumulated amortization | ​ |  | (191,700)
​ | ​ | $ | 3,348,300
​ The following table illustrates future amortization to be expensed for the next five fiscal years and fiscal years thereafter related to reacquired franchise rights as of December 31, 2022. ​
​ | ​ | ​ | ​
Amortization expected to be expensed in | ​ | Amount
2023 | ​ | $ | 354,000
2024 | ​ |  | 354,000
2025 | ​ |  | 354,000
2026 | ​ |  | 354,000
2027 | ​ |  | 354,000
Thereafter | ​ |  | 1,578,300
​ | ​ | $ | 3,348,300
​

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration