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Intangible Assets:
3 Months Ended
Mar. 29, 2025
Intangible Assets:  
Intangible Assets:

6. Intangible Assets

Intangible assets consist of reacquired franchise rights. The Company amortizes the fair value of the reacquired franchise rights over the contract term of the franchise. The Company recognized $88,500 and $88,500 of amortization expense for the three months ended March 29, 2025 and March 30, 2024, respectively.

The following table illustrates future amortization to be expensed for the remainder of 2025 and full fiscal years thereafter related to reacquired franchise rights as of March 29, 2025.

Amortization expected to be expensed in

Amount

2025

$

265,500

2026

 

354,000

2027

 

354,000

2028

 

354,000

2029

 

354,000

Thereafter

 

870,300

$

2,551,800