As of August 15, 2023, what was the depreciation expense for All States M.E.D.?

According to All States M.E.D.'s 2024 Franchise Disclosure Document, the depreciation expense for the period ended August 15, 2023, was $0. This indicates that, as of that date, All States M.E.D. had not yet recorded any depreciation expenses.

This could be due to the company being newly formed, as the FDD notes that All States M.E.D. was formed in Florida in June 2023. With limited operations in its initial months, it's plausible that the company had not yet acquired significant depreciable assets or that the assets acquired were new and not yet subject to depreciation.

For a prospective franchisee, this information provides a snapshot of the company's early financial status. It's important to consider this in conjunction with other financial statements and information within the FDD to gain a comprehensive understanding of All States M.E.D.'s financial health and stability. Further investigation into the company's asset acquisition plans and depreciation policies would be beneficial.