Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

v3.21.1
Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

A roll-forward of goodwill is as follows:

 

    Three Months Ended March 31, 2021    

Year Ended

December 31, 2020

 
Beginning balance   $ 8,591,149     $ 8,567,888  
Impairment            
Foreign currency translation gain (loss)     6,769       23,261  
Ending balance   $ 8,597,918     $ 8,591,149  
Schedule of Other Intangible Assets

OTHER INTANGIBLE ASSETS

 

Franchise and trademark/tradename intangible assets consist of the following:

 

        March 31, 2021     December 31, 2020  
Trademark, Tradenames:                    
American Roadside Burger   10 years   $ 561,191     $ 1,786,930  
BGR: The Burger Joint   Indefinite     739,245       739,245  
Little Big Burger   Indefinite     1,550,000       1,550,000  
          2,850,436       4,076,175  
Acquired Franchise Rights:                    
BGR: The Burger Joint   7 years     827,757       827,757  
                     
Franchise License Fees:                    
Hooters Pacific NW   20 years           74,507  
Hooters UK   5 years     12,073       11,001  
          12,073       85,508  
Total intangibles at cost         3,690,266       4,989,440  
Accumulated amortization         (1,064,483 )     (1,945,555 )
Intangible assets, net       $ 2,625,783     $ 3,043,885