| SCHEDULE OF GOODWILL |
A
roll-forward of goodwill is as follows:
SCHEDULE OF GOODWILL
| |
|
Six
Months Ended June 30, 2021 |
|
|
Year
Ended December
31, 2020
|
|
| Beginning
balance |
|
$ |
8,591,149 |
|
|
$ |
8,567,888 |
|
| Foreign
currency translation gain |
|
|
12,257 |
|
|
|
23,261 |
|
| Ending
balance |
|
$ |
8,603,406 |
|
|
$ |
8,591,149 |
|
|
| SCHEDULE OF OTHER INTANGIBLE ASSETS |
Franchise
and trademark/tradename intangible assets consist of the following:
SCHEDULE OF OTHER INTANGIBLE ASSETS
| |
|
|
|
June
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 |
|
| |
|
|
|
|
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 |
|
|
|
|
(1,149,398 |
) |
|
|
(1,945,555 |
) |
| Intangible
assets, net |
|
|
|
$ |
2,540,868 |
|
|
$ |
3,043,885 |
|
|