What was the amount of the intangible asset for 1-800-GOT-JUNK? as of December 31, 2024?

According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, as of December 31, 2024, the net book value for the intangible asset, which is a diversion reporting application, was $40,745. The original cost of the asset was $40,745, and no amortization had been recorded against it as of that date. The intangible asset was not yet in use at that time and was still under development.

For a prospective 1-800-GOT-JUNK? franchisee, this indicates that the company is investing in technology and software to support its operations. The diversion reporting application could potentially help franchisees manage their waste disposal processes more efficiently or provide data for environmental reporting.

The fact that the asset is still under development suggests that there may be future enhancements or changes to the application. It also implies that franchisees may need to be trained on how to use the application once it is fully implemented. It's important to note that the value of the intangible asset could change over time as it is further developed and put into use, and as amortization is applied.