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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 relationships3,826,495 (2,076,027)1,750,468 
Reacquired development rights6,603,303 (4,478,565)2,124,738 
Assembled workforce386,397 (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 relationships2,603,006 (1,587,443)1,015,563 
Reacquired development rights4,406,221 (3,715,594)690,627 
Assembled workforce59,311 (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 
20233,021,310 
20242,159,463 
20251,596,470 
20261,333,885 
Thereafter$1,136,613 
Total$10,162,506