Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.22.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

 

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

Amortization
period
(years)

 

Gross
amount

 

 

Accumulated
amortization

 

 

Net
amount

 

 

Gross
amount

 

 

Accumulated
amortization

 

 

Net
amount

 

Trademarks

 

10

 

$

21,220

 

 

$

(1,426

)

 

$

19,794

 

 

$

10,920

 

 

$

(794

)

 

$

10,126

 

Franchise agreements

 

7.5 – 10

 

 

69,500

 

 

 

(21,250

)

 

 

48,250

 

 

 

69,500

 

 

 

(17,166

)

 

 

52,334

 

Non-compete agreement

 

5

 

 

1,400

 

 

 

(1,385

)

 

 

15

 

 

 

1,400

 

 

 

(1,282

)

 

 

118

 

Web design and domain

 

3 – 10

 

 

430

 

 

 

(141

)

 

 

289

 

 

 

430

 

 

 

(86

)

 

 

344

 

Deferred video production costs

 

3

 

 

3,282

 

 

 

(1,567

)

 

 

1,715

 

 

 

2,370

 

 

 

(1,036

)

 

 

1,334

 

Total definite-lived intangible assets

 

 

 

 

95,832

 

 

 

(25,769

)

 

 

70,063

 

 

 

84,620

 

 

 

(20,364

)

 

 

64,256

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

N/A

 

 

72,607

 

 

 

 

 

 

72,607

 

 

 

72,607

 

 

 

 

 

 

72,607

 

Total intangible assets

 

 

 

$

168,439

 

 

$

(25,769

)

 

$

142,670

 

 

$

157,227

 

 

$

(20,364

)

 

$

136,863

 

Schedule of Anticipated Future Amortization Expense of Intangible Assets

The anticipated future amortization expense of intangible assets is as follows:

 

Remainder of 2022

 

$

5,762

 

2023

 

 

11,121

 

2024

 

 

10,761

 

2025

 

 

10,279

 

2026

 

 

7,532

 

Thereafter

 

 

24,608

 

Total

 

$

70,063