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Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2024
Intangible Assets [Abstract] |
Schedule of Intangible Assets | The following table provides a summary of our intangible assets:
|  | March 31, 2024
|  | 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 |  |  |  | (1,699,243 | ) |  |  | 11,045,124 |
Liberty Loan brand |  | 10 years |  |  | 340,218 |  |  |  | (45,350 | ) |  |  | 294,868 |
Non-compete agreements |  | 10 years |  |  | 86,113 |  |  |  | (11,515 | ) |  |  | 74,598 |
Non contractual customer relationships |  | 5 years |  |  | 1,952,371 |  |  |  | (520,673 | ) |  |  | 1,431,698 |
Customer list |  | 3 years |  |  | 184,825 |  |  |  | (82,142 | ) |  |  | 102,683 |
|  |  |  | $ | 15,338,654 |  |  | $ | (2,389,683 | ) |  | $ | 12,948,971 |
|  | December 31, 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 |  |  |  | (1,380,638 | ) |  |  | 11,363,729 |
Liberty Loan brand |  | 10 years |  |  | 340,218 |  |  |  | (36,855 | ) |  |  | 303,363 |
Non-compete agreements |  | 10 years |  |  | 86,113 |  |  |  | (9,334 | ) |  |  | 76,779 |
Non contractual customer relationships |  | 5 years |  |  | 1,952,371 |  |  |  | (423,020 | ) |  |  | 1,529,351 |
Customer list |  | 3 years |  |  | 184,825 |  |  |  | (66,742 | ) |  |  | 118,083 |
|  |  |  | $ | 15,338,654 |  |  | $ | (1,947,349 | ) |  | $ | 13,391,305 |
Schedule of Future Estimated Amortization Expense | As of March 31, 2024, future estimated amortization expense related to identifiable intangible assets over the next five years is set forth in the following table:
|  | Amortization Expense |
2024 (nine months remaining) |  |  | 1,326,870 |
2025 |  |  | 1,764,026 |
2026 |  |  | 1,707,544 |
2027 |  |  | 1,675,012 |
2028 |  |  | 1,317,532 |
Total |  | $ | 7,790,984 |

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