What was the accumulated amortization for Best Brains' software development as of December 31, 2024?

According to Best Brains' 2025 Franchise Disclosure Document, the accumulated amortization for software development as of December 31, 2024, was $59,400. This figure represents the total amount of amortization expense that has been recognized against the cost of the software development asset up to that date. In the previous year, December 31, 2023, the accumulated amortization was $47,200.

For a prospective Best Brains franchisee, understanding accumulated amortization is crucial for assessing the net value of the company's assets. Amortization is the systematic allocation of the cost of an intangible asset (like software) over its useful life. The increase in accumulated amortization from $47,200 in 2023 to $59,400 in 2024 indicates that Best Brains continued to amortize its software development costs during that year.

This information is typically used by investors and stakeholders to understand the true value of a company's assets, as it reflects the wearing down or consumption of those assets over time. In this case, the software development costs are being amortized over a period of 5 years, as noted in Item 21. Monitoring these figures helps in evaluating the financial health and asset management practices of Best Brains.