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Intangible Assets
 3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
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 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 consist of the following:
As of March 31, 2020
Gross Carrying
Amount		Accumulated
Amortization		Net Carrying
Value
Intangible assets subject to amortization:
Reacquired franchise rights
$3,246,494  $(1,576,947) $1,669,547  
Customer relationships
1,255,975  (934,938) 321,037  
Reacquired development rights
2,050,481  (1,177,893) 872,588  
$6,552,950  $(3,689,778) $2,863,172  

As of 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  
Amortization expense related to the Company’s intangible assets was $356,619 and $165,704 for the three months ended March 31, 2020 and 2019, respectively.
Estimated amortization expense for 2020 and subsequent years is as follows:
Amount
2020 (remainder)$1,053,343  
20211,212,703  
2022539,750  
202357,376  
Total$2,863,172