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Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Intangible Assets [Abstract] |
Schedule of Intangible Assets | The following table provides a summary of our intangible assets:
|  | September 30, 2023
|  | Estimated Useful Life |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Patent |  | 10 years |  | $ | 30,760 |  |  | $ | (30,760 | ) |  | $ | - |
Franchisee contract-based agreements |  | 10 years |  |  | 12,744,367 |  |  |  | (1,062,029 | ) |  |  | 11,682,338 |
Liberty Loan brand |  | 10 years |  |  | 340,218 |  |  |  | (28,350 | ) |  |  | 311,868 |
Non-compete agreements |  | 10 years |  |  | 86,113 |  |  |  | (7,180 | ) |  |  | 78,933 |
Non contractual customer relationships |  | 5 years |  |  | 1,952,371 |  |  |  | (325,400 | ) |  |  | 1,626,971 |
Customer list |  | 3 years |  |  | 184,825 |  |  |  | (51,340 | ) |  |  | 133,485 |
|  |  |  | $ | 15,338,654 |  |  | $ | (1,505,059 | ) |  | $ | 13,833,595 |
|  | 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 |
Schedule of Future Estimated Amortization Expense | As of September 30, 2023, future estimated amortization expense related to identifiable intangible assets over the next five years is set forth in the following table:
|  | Amortization Expense |
2023 (three months remaining) |  | $ | 442,290 |
2024 |  |  | 1,769,160 |
2025 |  |  | 1,764,026 |
2026 |  |  | 1,707,552 |
2027 |  |  | 1,675,012 |
Total |  | $ | 7,358,040 |

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