| Schedule of Intangible Assets |
Intangible assets consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2023 |
|
|
December 31, 2022 |
|
|
|
Amortization
period
(years) |
|
Gross
amount |
|
|
Accumulated
amortization |
|
|
Net
amount |
|
|
Gross
amount |
|
|
Accumulated
amortization |
|
|
Net
amount |
|
Trademarks |
|
10 |
|
$ |
20,710 |
|
|
$ |
(3,969 |
) |
|
$ |
16,741 |
|
|
$ |
21,110 |
|
|
$ |
(2,606 |
) |
|
$ |
18,504 |
|
Franchise agreements |
|
7.5 – 10 |
|
|
57,700 |
|
|
|
(28,243 |
) |
|
|
29,457 |
|
|
|
69,100 |
|
|
|
(25,143 |
) |
|
|
43,957 |
|
Reacquired franchise rights |
|
6.2 – 8 |
|
|
1,437 |
|
|
|
(62 |
) |
|
|
1,375 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Web design and domain |
|
3 – 10 |
|
|
430 |
|
|
|
(279 |
) |
|
|
151 |
|
|
|
430 |
|
|
|
(196 |
) |
|
|
234 |
|
Deferred video production costs |
|
3 |
|
|
5,408 |
|
|
|
(3,289 |
) |
|
|
2,119 |
|
|
|
4,046 |
|
|
|
(2,173 |
) |
|
|
1,873 |
|
Total definite-lived intangible assets |
|
|
|
|
85,685 |
|
|
|
(35,842 |
) |
|
|
49,843 |
|
|
|
94,686 |
|
|
|
(30,118 |
) |
|
|
64,568 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trademarks |
|
N/A |
|
|
72,607 |
|
|
|
— |
|
|
|
72,607 |
|
|
|
72,607 |
|
|
|
— |
|
|
|
72,607 |
|
Total intangible assets |
|
|
|
$ |
158,292 |
|
|
$ |
(35,842 |
) |
|
$ |
122,450 |
|
|
$ |
167,293 |
|
|
$ |
(30,118 |
) |
|
$ |
137,175 |
|
|
| Schedule of Anticipated Future Amortization Expense of Intangible Assets |
The anticipated future amortization expense of intangible assets is as follows:
|
|
|
|
|
|
|
Amount |
|
Remainder of 2023 |
|
$ |
2,718 |
|
2024 |
|
|
10,379 |
|
2025 |
|
|
9,729 |
|
2026 |
|
|
6,618 |
|
2027 |
|
|
5,288 |
|
Thereafter |
|
|
15,111 |
|
Total |
|
$ |
49,843 |
|
|