Schedule of Intangible Assets |
Intangible assets consisted of the following:
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March 31, 2024 |
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December 31, 2023 |
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Amortization period (years) |
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Gross amount |
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Accumulated amortization |
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Net amount |
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Gross amount |
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Accumulated amortization |
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Net amount |
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Trademarks |
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10 |
|
$ |
23,410 |
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|
$ |
(5,072 |
) |
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$ |
18,338 |
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$ |
20,710 |
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$ |
(4,487 |
) |
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$ |
16,223 |
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Franchise agreements |
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7.5 – 10 |
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61,600 |
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(31,834 |
) |
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29,766 |
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57,700 |
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(29,990 |
) |
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27,710 |
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Reacquired franchise rights |
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6.2 |
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— |
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— |
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— |
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137 |
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(13 |
) |
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|
124 |
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Intellectual property |
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5 |
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671 |
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(34 |
) |
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|
637 |
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|
671 |
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— |
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|
671 |
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Web design and domain |
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3 – 10 |
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430 |
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(335 |
) |
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95 |
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430 |
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(307 |
) |
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123 |
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Deferred video production costs |
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3 |
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6,111 |
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(3,966 |
) |
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2,145 |
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5,829 |
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(3,698 |
) |
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|
2,131 |
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Other intangible assets |
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1 |
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|
560 |
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(43 |
) |
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|
517 |
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|
560 |
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— |
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|
560 |
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Total definite-lived intangible assets |
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92,782 |
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(41,284 |
) |
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51,498 |
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86,037 |
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(38,495 |
) |
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|
47,542 |
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Indefinite-lived intangible assets: |
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Trademarks |
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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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$ |
165,389 |
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$ |
(41,284 |
) |
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$ |
124,105 |
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$ |
158,644 |
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$ |
(38,495 |
) |
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$ |
120,149 |
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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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Amount |
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Remainder of 2024 |
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$ |
8,982 |
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2025 |
|
|
10,566 |
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2026 |
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|
7,419 |
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2027 |
|
|
5,916 |
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2028 |
|
|
5,750 |
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Thereafter |
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12,865 |
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Total |
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$ |
51,498 |
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