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Goodwill and Other Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

A summary of the intangible assets is presented below:

Intangible Assets		Trademark				Franchise Agreements				Non-Compete Agreement				Total
Intangible assets, net at December 31, 2015		$	2,524,000			$	1,262,039			$	27,455			$	3,813,494
Amortization expense			-				(104,835	)			(6,010	)			(110,845	)
Intangible assets, net at December 31, 2016			2,524,000				1,157,204				21,445				3,702,649
Amortization expense			-				(104,550	)			(5,994	)			(110,544	)
Impairment of intangible assets			-				(410,225	)			-				(410,225	)
Intangible assets, net at December 31, 2017		$	2,524,000			$	642,429			$	15,451			$	3,181,880
Weighted average remaining amortization period at December 31, 2017 (in years)							10.1				2.6

Schedule of Future Amortization Expense

The estimated future amortization expense is as follows:

For the Year Ended  December 31,		Franchise Agreements				Non-Compete Agreement				Total
2018		$	63,806			$	5,993			$	69,799
2019			63,806				5,993				69,799
2020			63,981				3,465				67,446
2021			63,806				-				63,806
2022			63,806				-				63,806
Thereafter			323,224				-				323,224
		$	642,429			$	15,451			$	657,880

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- References

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- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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