What was the amount of deferred costs, net, for All Dogs Unleashed as of December 31, 2023?
All_Dogs_Unleashed Franchise · 2025 FDDAnswer from 2025 FDD Document
nts, considered in the aggregate, that raise substantial doubt about ADU Franchise limited liability company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Dallas, Texas March 20, 2025
| As of December 31, | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 223,010 | $ 267,519 |
| Unbilled revenue | 28,537 | 24,799 |
| Prepaid expenses | 5,937 | - |
| Deferred costs | 1,000 | 1,000 |
| Total current assets | 258,484 | 293,318 |
| Intangible assets | 45,824 | - |
| Deferred costs, net | 7,003 | 8,003 |
| Due from members | 56,000 | 56,000 |
| Due from affiliates | 15,570 | - |
Source: Item 23 — RECEIPTS (FDD pages 49–158)
What This Means (2025 FDD)
According to All Dogs Unleashed's 2025 Franchise Disclosure Document, the deferred costs, net, as of December 31, 2023, were $8,003. This figure represents costs that All Dogs Unleashed has incurred but will recognize as expenses in future periods. These costs are considered assets on the balance sheet until they are expensed. For a prospective franchisee, understanding deferred costs can be important in assessing the financial health and accounting practices of All Dogs Unleashed.
Deferred costs, net, are different from deferred costs. The FDD lists deferred costs as $1,000 as of December 31, 2023. The deferred costs, net, figure takes into account any amortization or write-downs of the original deferred costs. The initial amount of deferred costs at the beginning of the year was not listed in the provided FDD excerpt.
It is important to note that these figures are specific to All Dogs Unleashed's corporate financial statements and do not reflect the potential costs or expenses a franchisee might incur in setting up or operating their own All Dogs Unleashed franchise location. Franchisees should focus on Item 7 within the FDD to understand their estimated initial investment and ongoing expenses.