What was the interest accrued for due to related parties for 1-800-GOT-JUNK? for the period ended May 31, 2025?

According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the interest accrued for due to related parties for the period ended May 31, 2025, was $303,956. In comparison, the interest accrued for the same reason and period in 2024 was $178,974.

Specifically, the related party payable as of May 31, 2025, is $17,164,686 (December 31, 2024 - $11,180,109) due to RBDS, which is unsecured, has no fixed terms of repayment, and bears interest at 5% per annum. The remaining amounts included in accounts payable and accrued liabilities and related party balances from/to other listed related parties are unsecured, non-interest bearing, have no fixed terms of repayment, and are considered operating in nature.

This information is relevant for prospective franchisees as it provides insight into 1-800-GOT-JUNK?'s financial obligations and relationships with related parties. The interest accrued on these payables can impact the company's profitability and cash flow. Understanding these related-party transactions can help a franchisee assess the financial stability and practices of 1-800-GOT-JUNK?.