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Supplemental Disclosure of Non-cash Information | 12 Months Ended
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Dec. 31, 2016
Notes to Financial Statements |
Cash Flow, Supplemental Disclosures [Text Block] | During the year ended December 31, 2016 and 2015, cash paid for income taxes was $11,250 and $0, respectively. During the year ended December 31, 2016 and 2015, cash paid for interest was $15,262 and $2,344, respectively. Supplemental disclosure of non-cash activity: As of December 31, 2016, we had property and equipment purchases of $11,059 which were included in accounts payable. As of December 31, 2015, we had property and equipment purchases of $1,109,464 and $117,509 which were included in accounts payable and accrued expenses, respectively. In connection with our reacquisition and termination of regional developer rights during the year ended December 31, 2016 and 2015, we had deferred revenue of $224,750 and $914,000, respectively, representing license fees collected upon the execution of the regional developer agreements. We netted these amounts against the aggregate purchase price of the acquisitions (Note 6). In connection with our acquisitions of franchises during the year ended December 31, 2016, we acquired $293,014 of property and equipment, intangible assets of $339,000, goodwill of $269,780, favorable leases of $140,728 and assumed deferred revenue associated with membership packages paid in advance of $45,072 in exchange for $839,000 in cash and notes payable issued to the sellers for an aggregate amount of $186,000. Additionally, at the time of these transactions, we carried deferred revenue of $29,000, representing franchise fees collected upon the execution of franchise agreements, and deferred costs of $1,450, related to our acquisition of undeveloped franchises. We netted these amounts against the aggregate purchase price of the acquisitions (Note 2). In connection with our acquisitions of franchises during the year ended December 31, 2015, we acquired $1,504,169 of property and equipment, intangible assets of $1,942,180, goodwill of $1,830,833, favorable leases of $521,825, assumed unfavorable leases of $49,077, deferred revenue associated with membership packages paid in advance of $106,908, and a deferred tax liability of $168,000 in exchange for $4,925,525 in cash and an aggregate amount of $800,350 in notes payable to the sellers. Additionally, at the time of these transactions, we carried deferred revenue of $1,005,500, representing franchise fees collected upon the execution of franchise agreements, and deferred costs of $493,500, related to our acquisition of undeveloped franchises. In accordance with ASC- 952 - 605, we netted these amounts against the aggregate purchase price of the acquisitions (Note 2).
Property and equipment |  | $ | (53,836 | )
Intangible assets |  | $ | 4,820 |
Favorable leases |  | $ | 6,250 |
Goodwill |  | $ | 68,616 |
Unfavorable leases |  | $ | (25,850 | )
During December of 2016, we entered into a settlement agreement, whereby we resolved all pending litigation matters discussed in Note 11. Under the terms of the settlement agreement, we agreed to a one -time settlement amount comprised of cash and 46,948 shares of our common stock. The fair value of the total consideration related to common stock was $100,000. The fair value of the common stock was measured using the closing price of our common stock on the settlement date.

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4313-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586 + Details
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