NOTE 5 - INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2019

Finite-Lived Intangible Assets, Net [Abstract]

(5) INTANGIBLE ASSETS

(5) INTANGIBLE ASSETS

At December 31 intangible assets consisted of the following:

	2019	2018
Leasehold rights	$ 175,000	$ 125,000
Liquor licenses	12,789	9,586
Franchise offering documents	16,000	-
Franchise sales website	16,500	-
Trademarks	9,100	-
Total	$ 229,389	$ 134,586
Amortization	(66,235)	(50,156)
Ending Balance	$ 163,154	$ 84,430

Amortization expense was $16,079 and $39,490 for the years ended December 31, 2019 and 2018, respectively.

The following table presents the estimated aggregate future amortization expense of intangible assets:

2020	$ 21,857
2021	21,140
2022	20,997
2023	20,997
2024	20,997
Thereafter	57,166
Balance at December 31, 2019	$ 163,154