| Schedule of Intangible Assets |
Intangible assets consisted of the following:
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December 31, 2022 |
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December 31, 2021 |
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|
Amortization
period
(years) |
|
Gross
amount |
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|
Accumulated
amortization |
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|
Net
amount |
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Gross
amount |
|
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Accumulated
amortization |
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Net
amount |
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Trademarks |
|
10 |
|
$ |
21,110 |
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|
$ |
(2,606 |
) |
|
$ |
18,504 |
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|
$ |
10,920 |
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|
$ |
(794 |
) |
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$ |
10,126 |
|
Franchise agreements |
|
7.5 – 10 |
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|
69,100 |
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|
(25,143 |
) |
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|
43,957 |
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|
69,500 |
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|
(17,166 |
) |
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|
52,334 |
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Non-compete agreement |
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5 |
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— |
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— |
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— |
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1,400 |
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(1,282 |
) |
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|
118 |
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Web design and domain |
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3 – 10 |
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430 |
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(196 |
) |
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234 |
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|
430 |
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(86 |
) |
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|
344 |
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Deferred video production costs |
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3 |
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4,046 |
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(2,173 |
) |
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1,873 |
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2,370 |
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(1,036 |
) |
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|
1,334 |
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Total definite-lived intangible assets |
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|
94,686 |
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(30,118 |
) |
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|
64,568 |
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|
84,620 |
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(20,364 |
) |
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|
64,256 |
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Indefinite-lived intangible assets: |
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Trademarks |
|
N/A |
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|
72,607 |
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|
— |
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|
72,607 |
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|
72,607 |
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— |
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|
72,607 |
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Total intangible assets |
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|
|
$ |
167,293 |
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|
$ |
(30,118 |
) |
|
$ |
137,175 |
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|
$ |
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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Year ending December 31, |
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2023 |
|
$ |
11,420 |
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2024 |
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|
10,903 |
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2025 |
|
|
10,392 |
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2026 |
|
|
7,481 |
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2027 |
|
|
6,279 |
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Thereafter |
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|
18,093 |
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Total |
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$ |
64,568 |
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