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Note 10 - Intangible Assets
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

Note 10 Intangible Assets

 

The following table reflects our intangible assets (in thousands except useful life):

 

      

December 31, 2023

  

December 31, 2022

 
  

Estimated useful life (in years)

  

Gross

  

Accumulated amortization

  

Net

  

Gross

  

Accumulated amortization

  

Net

 

Finite-lived intangible assets:

                            

Franchise agreements

  15  $25,556  $(4,116) $21,440  $25,556  $(2,412) $23,144 

Customer lists

  10   -   -   -   -   -   - 

Purchased software

  7   3,200   (1,029)  2,171   3,200   (571)  2,629 

Internally developed software

  5   2,683   (498)  2,185   2,294   (39)  2,255 

Total finite-lived intangible assets

     $31,439  $(5,643) $25,796  $31,050  $(3,022) $28,028 

Indefinite-lived intangible assets:

                            

Domain name

 

Indefinite

  $2,226  $-  $2,226  $2,226  $-  $2,226 

Trade name

 Indefinite   3,580   -  $3,580   3,580   -   3,580 

Total intangible assets

     $37,245  $(5,643) $31,602  $36,856  $(3,022) $33,834 

 

Amortization expense related to intangible assets totaled approximately $2.6 million and $2.2 million during the years ended  December 31, 2023 and December 31, 2022, respectively.

 

The following table provides the estimated future amortization of finite-lived intangible assets as of December 31, 2023 (in thousands):

 

2024

 $2,625 

2025

  2,626 

2026

  2,625 

2027

  2,587 

2028

  2,051 

Thereafter

  13,282 

Total future amortization

 $25,796