| SCHEDULE OF GOODWILL |
A
roll-forward of goodwill is as follows:
SCHEDULE OF GOODWILL
| |
|
Nine
Months Ended
September 30, 2021 |
|
|
Year Ended
December 31, 2020
|
|
| Beginning balance |
|
$ |
8,591,149 |
|
|
$ |
8,567,888 |
|
| Foreign currency translation gain |
|
|
(11,768 |
) |
|
|
23,261 |
|
| Goodwill acquired in acquisition |
|
|
51,000 |
|
|
|
— |
|
| Goodwill reclassified to noncurrent assets held for sale (Note 14) |
|
|
(820,507 |
) |
|
|
— |
|
| Ending balance |
|
$ |
7,809,874 |
|
|
$ |
8,591,149 |
|
|
| SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS |
Franchise
and trademark/tradename intangible assets consist of the following:
SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS
| |
|
|
|
|
September 30, 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 |
|
| PizzaRev |
|
|
5 years |
|
|
|
410,000 |
|
|
|
— |
|
| |
|
|
|
|
|
|
3,260,436 |
|
|
|
4,076,175 |
|
| Acquired Franchise Rights: |
|
|
|
|
|
|
|
|
|
|
|
|
| BGR: The Burger Joint |
|
|
7 years |
|
|
|
827,757 |
|
|
|
827,757 |
|
| PizzaRev |
|
|
5 years |
|
|
|
410,000 |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Franchise License Fees: |
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Pacific NW |
|
|
20 years |
|
|
|
— |
|
|
|
74,507 |
|
| Hooters UK |
|
|
5 years |
|
|
|
— |
|
|
|
11,001 |
|
| |
|
|
|
|
|
|
— |
|
|
|
85,508 |
|
| Total intangibles at cost |
|
|
|
|
|
|
4,498,193 |
|
|
|
4,989,440 |
|
| Accumulated amortization |
|
|
|
|
|
|
(1,225,397
|
) |
|
|
(1,945,555
|
) |
| Intangible assets, net |
|
|
|
|
|
$ |
3,272,796 |
|
|
$ |
3,043,885 |
|
|