| Summary of amortized and indefinite-lived intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Gross |
|
Accumulated |
|
Carrying |
|
|
Amount |
|
Amortization |
|
Value |
Amortized: |
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
6,453,750 |
|
|
(3,062,794) |
|
$ |
3,390,956 |
|
|
|
6,453,750 |
|
|
(3,062,794) |
|
|
3,390,956 |
|
|
|
|
|
|
|
|
|
|
Indefinite-lived: |
|
|
|
|
|
|
|
|
|
Brand name |
|
$ |
7,836,920 |
|
|
— |
|
|
7,836,920 |
|
|
$ |
14,290,670 |
|
$ |
(3,062,794) |
|
$ |
11,227,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross |
|
Accumulated |
|
Carrying |
|
|
Amount |
|
Amortization |
|
Value |
Amortized: |
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
6,453,750 |
|
$ |
(1,449,357) |
|
$ |
5,004,393 |
|
|
|
6,453,750 |
|
|
(1,449,357) |
|
|
5,004,393 |
|
|
|
|
|
|
|
|
|
|
Indefinite-lived: |
|
|
|
|
|
|
|
|
|
Brand name |
|
$ |
7,836,920 |
|
|
— |
|
|
7,836,920 |
|
|
$ |
14,290,670 |
|
$ |
(1,449,357) |
|
$ |
12,841,313 |
|
| Summary of future amortization expense |
|
|
|
|
|
Year Ending December 31, |
|
|
|
2022 |
|
|
2,151,250 |
2023 |
|
|
1,830,417 |
2024 |
|
|
1,022,726 |
|
|
$ |
5,004,393 |
|