| Schedule of Intangible Assets |
Intangible assets consisted of the following:
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March 31, 2023 |
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December 31, 2022 |
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Amortization
period
(years) |
|
Gross
amount |
|
|
Accumulated
amortization |
|
|
Net
amount |
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|
Gross
amount |
|
|
Accumulated
amortization |
|
|
Net
amount |
|
Trademarks |
|
10 |
|
$ |
21,110 |
|
|
$ |
(3,134 |
) |
|
$ |
17,976 |
|
|
$ |
21,110 |
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|
$ |
(2,606 |
) |
|
$ |
18,504 |
|
Franchise agreements |
|
7.5 – 10 |
|
|
69,100 |
|
|
|
(27,175 |
) |
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|
41,925 |
|
|
|
69,100 |
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|
(25,143 |
) |
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|
43,957 |
|
Web design and domain |
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3 – 10 |
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|
430 |
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(225 |
) |
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|
205 |
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|
430 |
|
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|
(196 |
) |
|
|
234 |
|
Deferred video production costs |
|
3 |
|
|
4,518 |
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|
(2,540 |
) |
|
|
1,978 |
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|
4,046 |
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(2,173 |
) |
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|
1,873 |
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Total definite-lived intangible assets |
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95,158 |
|
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(33,074 |
) |
|
|
62,084 |
|
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|
94,686 |
|
|
|
(30,118 |
) |
|
|
64,568 |
|
Indefinite-lived intangible assets: |
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|
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Trademarks |
|
N/A |
|
|
72,607 |
|
|
|
— |
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|
|
72,607 |
|
|
|
72,607 |
|
|
|
— |
|
|
|
72,607 |
|
Total intangible assets |
|
|
|
$ |
167,765 |
|
|
$ |
(33,074 |
) |
|
$ |
134,691 |
|
|
$ |
167,293 |
|
|
$ |
(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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|
|
|
Remainder of 2023 |
|
$ |
8,670 |
|
2024 |
|
|
11,038 |
|
2025 |
|
|
10,504 |
|
2026 |
|
|
7,499 |
|
2027 |
|
|
6,280 |
|
Thereafter |
|
|
18,093 |
|
Total |
|
$ |
62,084 |
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