| Schedule of Intangible Assets |
Intangible assets consisted of the following:
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December 31, 2023 |
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December 31, 2022 |
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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 |
|
$ |
20,710 |
|
|
$ |
(4,487 |
) |
|
$ |
16,223 |
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|
21,110 |
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|
(2,606 |
) |
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$ |
18,504 |
|
Franchise agreements |
|
7.5 – 10 |
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|
57,700 |
|
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|
(29,990 |
) |
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|
27,710 |
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|
69,100 |
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|
(25,143 |
) |
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|
43,957 |
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Reacquired franchise rights |
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6.2 |
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137 |
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(13 |
) |
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124 |
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— |
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— |
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|
— |
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Intellectual property |
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5 |
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|
671 |
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— |
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|
671 |
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— |
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— |
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— |
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Web design and domain |
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3 – 10 |
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430 |
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(307 |
) |
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123 |
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430 |
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(196 |
) |
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|
234 |
|
Deferred video production costs |
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3 |
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5,829 |
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|
(3,698 |
) |
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|
2,131 |
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|
4,046 |
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(2,173 |
) |
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|
1,873 |
|
Other intangible assets |
|
1 |
|
|
560 |
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— |
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|
560 |
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— |
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— |
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— |
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Total definite-lived intangible assets |
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86,037 |
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(38,495 |
) |
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|
47,542 |
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94,686 |
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(30,118 |
) |
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|
64,568 |
|
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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|
|
$ |
158,644 |
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|
$ |
(38,495 |
) |
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$ |
120,149 |
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$ |
167,293 |
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|
$ |
(30,118 |
) |
|
$ |
137,175 |
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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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2024 |
|
$ |
11,110 |
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2025 |
|
|
9,810 |
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2026 |
|
|
6,672 |
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2027 |
|
|
5,259 |
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2028 |
|
|
5,112 |
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Thereafter |
|
|
9,579 |
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Total |
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$ |
47,542 |
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