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Intangible Assets and Goodwill
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
On February 4, 2019, the Company entered into an agreement under which it repurchased the right to develop franchises in various counties in South Carolina and Georgia. The total consideration for the transaction was $681,500. The Company carried a deferred revenue balance associated with these transactions of $44,334, representing unrecognized portion of the license fees collected upon the execution of the regional developer agreements. The Company accounted for the termination of development rights associated with unsold or undeveloped franchises as a cancellation, and the associated deferred revenue was netted against the aggregate purchase price.
Intangible assets consisted of the following:
December 31, 2019
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Intangible assets subject to amortization:
Reacquired franchise rights$3,246,494  $1,400,086  $1,846,408  
Customer relationships1,255,975  865,478  390,497  
Reacquired development rights2,050,481  1,067,595  982,886  
$6,552,950  $3,333,159  $3,219,791  

December 31, 2018
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Intangible assets subject to amortization:
Reacquired franchise rights$1,758,000  $921,138  $836,862  
Customer relationships745,000  717,498  27,502  
Reacquired development rights1,413,316  643,620  769,696  
$3,916,316  $2,282,256  $1,634,060  
Amortization expense related to the Company’s intangible assets was $1,050,903 and $506,298 for the years ended December 31, 2019 and 2018, respectively.
Estimated amortization expense for 2020 and subsequent years is as follows:
2020$1,409,962  
20211,212,703  
2022539,750  
202357,376  
Total$3,219,791  

The changes in the carrying amount of goodwill were as follows:


Corporate Clinic Segment
Balance as of December 31, 2018
Goodwill, gross$3,280,139  
Accumulated impairment losses(54,994)
Goodwill, net3,225,145  
2019 acquisitions925,316
Balance as of December 31, 2019
Goodwill, gross4,205,455  
Accumulated impairment losses(54,994) 
Goodwill, net$4,150,461  
There were no changes in the carrying amount of goodwill during the year ended December 31, 2018.