| Schedule of Intangible Assets |
Intangible assets consisted of the following:
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June 30, 2022 |
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December 31, 2021 |
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|
Amortization
period
(years) |
|
Gross
amount |
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|
Accumulated
amortization |
|
|
Net
amount |
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|
Gross
amount |
|
|
Accumulated
amortization |
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|
Net
amount |
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Trademarks |
|
10 |
|
$ |
21,220 |
|
|
$ |
(1,426 |
) |
|
$ |
19,794 |
|
|
$ |
10,920 |
|
|
$ |
(794 |
) |
|
$ |
10,126 |
|
Franchise agreements |
|
7.5 – 10 |
|
|
69,500 |
|
|
|
(21,250 |
) |
|
|
48,250 |
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|
|
69,500 |
|
|
|
(17,166 |
) |
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|
52,334 |
|
Non-compete agreement |
|
5 |
|
|
1,400 |
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|
(1,385 |
) |
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|
15 |
|
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|
1,400 |
|
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|
(1,282 |
) |
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|
118 |
|
Web design and domain |
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3 – 10 |
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|
430 |
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(141 |
) |
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|
289 |
|
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|
430 |
|
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|
(86 |
) |
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|
344 |
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Deferred video production costs |
|
3 |
|
|
3,282 |
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|
(1,567 |
) |
|
|
1,715 |
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|
|
2,370 |
|
|
|
(1,036 |
) |
|
|
1,334 |
|
Total definite-lived intangible assets |
|
|
|
|
95,832 |
|
|
|
(25,769 |
) |
|
|
70,063 |
|
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|
84,620 |
|
|
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(20,364 |
) |
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|
64,256 |
|
Indefinite-lived intangible assets: |
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Trademarks |
|
N/A |
|
|
72,607 |
|
|
|
— |
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|
72,607 |
|
|
|
72,607 |
|
|
|
— |
|
|
|
72,607 |
|
Total intangible assets |
|
|
|
$ |
168,439 |
|
|
$ |
(25,769 |
) |
|
$ |
142,670 |
|
|
$ |
157,227 |
|
|
$ |
(20,364 |
) |
|
$ |
136,863 |
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| Schedule of Anticipated Future Amortization Expense of Intangible Assets |
The anticipated future amortization expense of intangible assets is as follows:
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|
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|
Remainder of 2022 |
|
$ |
5,762 |
|
2023 |
|
|
11,121 |
|
2024 |
|
|
10,761 |
|
2025 |
|
|
10,279 |
|
2026 |
|
|
7,532 |
|
Thereafter |
|
|
24,608 |
|
Total |
|
$ |
70,063 |
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