What was the 'Comprehensive Loss' for Amerispec Inspection Services in 2023 as restated?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
| 20,745,443 | 26,082,533 |
| Total Liabilities and Members' Equity | $ 32,720,617 | $ 27,273,869 |
TCB Services HoldCo, LLC and Subsidiaries Consolidated Statements of Comprehensive Loss Year Ended December 31, 2024 and Period from March 31, 2023 to December 31, 2023
| 2024 | 2023 As Restated | |
|---|---|---|
| Net Revenues | $ 9,237,267 | $ 6,168,933 |
| Operating Expenses | ||
| Subcontractor costs | 1,208,476 | 1,614,785 |
| Salaries and wages | 4,172,708 | 2,161,298 |
| Depreciation and amortization | 2,361,412 | 1,615,291 |
| General and administrative | 4,707,220 | 2,611,604 |
| Company owned locations operating costs | 2,118,173 | - |
| Transaction costs | 467,000 | 1,293,018 |
| 15,034,989 | 9,295,996 | |
| Loss from Operations | (5,797,722) | (3,127,063) |
| Other Expense | ||
| Interest expense | 347,731 | - |
| Other (income) | (24,222) | (3,900) |
| Loss Before Income Taxes | (6,121,23 |
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the company's Comprehensive Loss for 2023, as restated, was $(3,168,632). This figure represents the overall decrease in the company's net assets from transactions and other events, encompassing both the net loss and unrealized gains or losses. For a prospective franchisee, this indicates the financial performance of Amerispec Inspection Services during that period.
Specifically, the Comprehensive Loss takes into account the Net Loss of $(3,176,320) and an Unrealized foreign currency translation gain of $7,688. The fact that the comprehensive loss is very close to the net loss indicates that the impact of other comprehensive income items was minimal.
It is important to note that these figures are from the consolidated statements of TCB Services HoldCo, LLC and Subsidiaries, which includes Amerispec Inspection Services. A potential franchisee should consider these figures as part of their due diligence, but also investigate more recent financial performance and the factors contributing to these losses and gains to assess the financial stability and growth potential of Amerispec Inspection Services.