What was the amount of the intangible asset listed on the consolidated balance sheet for 1-800-GOT-JUNK? as of December 31, 2024?

According to the 2025 FDD, 1-800-GOT-JUNK?'s consolidated balance sheet lists the net book value for intangible assets as $40,745 as of December 31, 2024. The intangible asset refers to a diversion reporting application that was still under development and not yet in use at that time. There was no accumulated amortization listed against the cost of $40,745, so the net book value remained the same.

For a prospective franchisee, this indicates that 1-800-GOT-JUNK? 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. However, since the application was still under development as of December 31, 2024, there is a risk that it may not perform as expected or deliver the anticipated benefits.

It's important to note that the value of intangible assets can be subjective and may not always reflect their true economic worth. In this case, the $40,745 represents the cost incurred by 1-800-GOT-JUNK? to develop the diversion reporting application. A potential franchisee may want to inquire about the current status of the application, its intended functionality, and any potential impact it could have on their franchise operations. Understanding the usefulness and future plans for this asset can help a franchisee assess its potential value and relevance to their business.