| Schedule of Intangible Assets |
Intangible assets consisted of the following:
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June 30, 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 |
|
|
$ |
(3,662 |
) |
|
$ |
17,448 |
|
|
$ |
21,110 |
|
|
$ |
(2,606 |
) |
|
$ |
18,504 |
|
Franchise agreements |
|
7.5 – 10 |
|
|
58,200 |
|
|
|
(26,754 |
) |
|
|
31,446 |
|
|
|
69,100 |
|
|
|
(25,143 |
) |
|
|
43,957 |
|
Reacquired franchise rights |
|
6.2 – 8 |
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|
1,437 |
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|
(15 |
) |
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|
1,422 |
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|
|
— |
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|
|
— |
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|
|
— |
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Web design and domain |
|
3 – 10 |
|
|
430 |
|
|
|
(251 |
) |
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|
179 |
|
|
|
430 |
|
|
|
(196 |
) |
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|
234 |
|
Deferred video production costs |
|
3 |
|
|
4,873 |
|
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|
(2,915 |
) |
|
|
1,958 |
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|
|
4,046 |
|
|
|
(2,173 |
) |
|
|
1,873 |
|
Total definite-lived intangible assets |
|
|
|
|
86,050 |
|
|
|
(33,597 |
) |
|
|
52,453 |
|
|
|
94,686 |
|
|
|
(30,118 |
) |
|
|
64,568 |
|
Indefinite-lived intangible assets: |
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|
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|
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Trademarks |
|
N/A |
|
|
72,607 |
|
|
|
— |
|
|
|
72,607 |
|
|
|
72,607 |
|
|
|
— |
|
|
|
72,607 |
|
Total intangible assets |
|
|
|
$ |
158,657 |
|
|
$ |
(33,597 |
) |
|
$ |
125,060 |
|
|
$ |
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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|
|
|
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|
Amount |
|
Remainder of 2023 |
|
$ |
5,373 |
|
2024 |
|
|
10,251 |
|
2025 |
|
|
9,684 |
|
2026 |
|
|
6,629 |
|
2027 |
|
|
5,375 |
|
Thereafter |
|
|
15,141 |
|
Total |
|
$ |
52,453 |
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