| Schedule of Intangible Assets |
Intangible assets consisted of the following:
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September 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 |
|
$ |
21,110 |
|
|
$ |
(2,078 |
) |
|
$ |
19,032 |
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|
$ |
10,920 |
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|
$ |
(794 |
) |
|
$ |
10,126 |
|
Franchise agreements |
|
7.5 – 10 |
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|
69,100 |
|
|
|
(23,111 |
) |
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|
45,989 |
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|
69,500 |
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|
(17,166 |
) |
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|
52,334 |
|
Non-compete agreement |
|
5 |
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|
1,400 |
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(1,400 |
) |
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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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(168 |
) |
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|
262 |
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|
430 |
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(86 |
) |
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|
344 |
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Deferred video production costs |
|
3 |
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3,709 |
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(1,881 |
) |
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|
1,828 |
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|
2,370 |
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(1,036 |
) |
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|
1,334 |
|
Total definite-lived intangible assets |
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|
|
|
95,749 |
|
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|
(28,638 |
) |
|
|
67,111 |
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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 |
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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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|
— |
|
|
|
72,607 |
|
Total intangible assets |
|
|
|
$ |
168,356 |
|
|
$ |
(28,638 |
) |
|
$ |
139,718 |
|
|
$ |
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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Remainder of 2022 |
|
$ |
2,908 |
|
2023 |
|
|
11,239 |
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2024 |
|
|
10,813 |
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2025 |
|
|
10,296 |
|
2026 |
|
|
7,481 |
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Thereafter |
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|
24,374 |
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Total |
|
$ |
67,111 |
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