As of June 30, 2025, what was the value of Belocal's deferred tax asset?

According to Belocal's 2025 Franchise Disclosure Document, as of June 30, 2025, the company's deferred tax asset is listed as $9.

A deferred tax asset represents a reduction in future income taxes that is attributable to deductible temporary differences. These differences arise when the amount of an asset or liability is different for tax purposes than its reported value on the company's financial statements. A deferred tax asset is essentially an overpayment or prepayment of taxes.

For a prospective Belocal franchisee, this figure provides a snapshot of the company's financial position and tax strategy. While a deferred tax asset can be beneficial, it's important to consider it in the context of the company's overall financial health and tax planning. A very small deferred tax asset, such as the $9 reported here, is not material for a potential franchisee's decision-making.