What was the depreciation and amortization expense 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 depreciation and amortization expense for 2023 as restated was $1,615,291.
This figure represents the expense recognized for the depreciation of tangible assets and the amortization of intangible assets during that year. Depreciation is the allocation of the cost of an asset over its useful life, while amortization is the same concept applied to intangible assets like patents or trademarks. These are non-cash expenses that reflect the reduction in value of these assets over time.
For a prospective Amerispec Inspection Services franchisee, understanding depreciation and amortization is important for assessing the company's financial performance and the value of its assets. While these are non-cash expenses, they impact the net income and overall profitability of the company. A franchisee should consider these figures when evaluating the financial health and stability of Amerispec Inspection Services.