XML 35 R26.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Intangible Assets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets consisted of the following:
| As of September 30, 2022
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Intangible assets subject to amortization: |  |  |  |  |
Reacquired franchise rights | $ | 10,233,998 |  |  | $ | (4,277,349) |  |  | $ | 5,956,649 |
Customer relationships | 3,826,495 |  |  | (2,076,027) |  |  | 1,750,468 |
Reacquired development rights | 6,603,303 |  |  | (4,478,565) |  |  | 2,124,738 |
Assembled workforce | 386,397 |  |  | (55,746) |  |  | 330,651 |
| $ | 21,050,193 |  |  | $ | (10,887,687) |  |  | $ | 10,162,506 |
| As of December 31, 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Intangible assets subject to amortization: |  |  |  |  |
Reacquired franchise rights | $ | 6,795,865 |  |  | $ | (3,153,037) |  |  | $ | 3,642,828 |
Customer relationships | 2,603,006 |  |  | (1,587,443) |  |  | 1,015,563 |
Reacquired development rights | 4,406,221 |  |  | (3,715,594) |  |  | 690,627 |
Assembled workforce | 59,311 |  |  | (4,939) |  |  | 54,372 |
| $ | 13,864,403 |  |  | $ | (8,461,013) |  |  | $ | 5,403,390 |
Amortization expense related to the Company’s intangible assets was $957,703 and $939,505 for the three months ended September 30, 2022 and 2021, respectively. Amortization expense was $2,426,674 and $2,704,974 for the nine months ended September 30, 2022 and 2021, respectively.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated amortization expense for 2022 and subsequent years is as follows:
| Amount
2022 (remainder) | $ | 914,765 |
2023 | 3,021,310 |
2024 | 2,159,463 |
2025 | 1,596,470 |
2026 | 1,333,885 |
Thereafter | $ | 1,136,613 |
Total | $ | 10,162,506 |

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 Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration