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Intangible Assets
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

5. INTANGIBLE ASSETS

 

The following table provides a summary of our intangible assets:

 

    December 31, 2022
    Estimated
Useful
Life		   Gross Carrying
Amount		     Accumulated
Amortization		     Net Carrying
Amount		  
Patent   10 years   $ 30,760     $ (28,876 )   $ 1,884  
Franchisee contract-based agreements   10 years     12,744,367       (106,203 )     12,638,164  
Liberty Loan brand   10 years     340,218       (2,835 )     337,383  
Non-compete agreements   10 years     86,113       (718 )     85,395  
Non contractual customer relationships   5 years     1,952,371       (32,540 )     1,919,831  
Customer list   3 years     184,825       (5,133 )     179,692  
        $ 15,338,654     $ (176,305 )   $ 15,162,349  

 

   December 31, 2021 
   Estimated
Useful Life		   Gross Carrying
Amount		   Accumulated
Amortization		   Net Carrying
Amount		 
Patent   10 years   $30,760   $(25,800)  $4,960 
        $30,760   $(25,800)  $4,960 

 

Intangible assets amortization expense was $150,505 for the twelve months ended December 31, 2022 and $3,076 for twelve months ended December 31, 2021.