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INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Asset Impairment [Abstract] |
Schedule of Intangible Assets | The following table provides a summary of our intangible assets:
| September 30, 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 |  |  | (2,336,437) |  |  | 10,407,930 |
Liberty Loan brand | 10 years |  | 340,218 |  |  | (62,296) |  |  | 277,922 |
Non-compete agreements | 10 years |  | 86,113 |  |  | (15,990) |  |  | 70,123 |
Non contractual customer relationships | 5 years |  | 1,952,371 |  |  | (716,119) |  |  | 1,236,252 |
Customer list | 3 years |  | 184,825 |  |  | (112,934) |  |  | 71,891 |
|  |  | $ | 15,338,654 |  |  | $ | (3,274,536) |  |  | $ | 12,064,118 |
| 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 September 30, 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 (three months remaining) | 442,290 |
2025 | 1,764,026 |
2026 | 1,707,552 |
2027 | 1,675,012 |
2028 | 1,317,072 |
Total | $ | 6,905,952 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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