v3.26.1
Intangible Assets & Capitalized Software:
6 Months Ended
Jun. 27, 2026
Intangible Assets & Capitalized Software:  
Intangible Assets & Capitalized Software:

6. Intangible Assets & Capitalized Software

Intangible assets consist of reacquired franchise rights. The Company amortizes the fair value of the reacquired franchise rights over the contract term of the franchise. The Company recognized $177,000 and $177,000 of amortization expense for the six months ended June 27, 2026 and June 28, 2025, respectively.

The following table illustrates future amortization to be expensed for the remainder of 2026 and full fiscal years thereafter related to reacquired franchise rights as of June 27, 2026.

Amortization expected to be expensed in

Amount

2026

$

177,000

2027

 

354,000

2028

 

354,000

2029

 

354,000

2030

 

354,000

Thereafter

 

516,300

$

2,109,300