Goodwill and Intangible Assets
|3 Months Ended|
Mar. 31, 2022
|Goodwill and Intangible Assets Disclosure [Abstract]|
|Goodwill and Intangible Assets||
Note 7 – Goodwill and Intangible Assets
Goodwill represents the excess of cost over the fair value of identifiable net assets acquired related to the original purchase of the various franchise businesses and acquisition of company-owned transition studios. Goodwill is not amortized but is tested annually for impairment or more frequently if indicators of potential impairment exist. The Company has not identified any events or circumstances at March 31, 2022 that would require an interim goodwill impairment test. The carrying value of goodwill at March 31, 2022 and December 31, 2021 totaled $169,073.
Intangible assets consisted of the following:
Amortization expense was $2,648 and $1,339, for the three months ended March 31, 2022 and 2021, respectively.
The anticipated future amortization expense of intangible assets is as follows:
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef