What is the amount of Best Brains' Health Insurance (pre-tax) liability as of December 31, 2023?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| 6 ( | Other Current Liabilities | As at December 31, 2023 | As at December 31, 2022 | |-----|----------------------------------------------------------------------------------|---------------------------------------|----------------------------| | ( | Credit Card Liabilities | | | | | Credit Card at BOA4100 | 1,277.11 | 8,660.91 | | | Credit Card at Chase | 36,525.47 | 48,735.96 | | | Chase United | 29,956.61 | 434.79 | | | Credit BCBS | 3,726.42 | 1,405.36 | | | Citibank AAdvantage | 10,970.12 | 3,252.89 | | | Total credit card Liabilities | 82,455.73 | 62,489.91 | | ( | Other Liabilities | | | | | Franchise fees advance | 162,500.00 | 18,000.00 | | | Audit fees Payable | 19,050.00 | | | | Payroll Liabilities | 12409.52 | 0.00 | | | Health Insurance (pre-tax) | | | | | Total Payroll liabilities | 12409.52 | 0.00 | | 11 | Total | 276,415.25 | 80,489.91 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the specific amount of Health Insurance (pre-tax) liability as of December 31, 2023, is not explicitly detailed in the provided excerpts. While the document includes a table of 'Other Current Liabilities' as of December 31, 2023, and December 31, 2022, it lists various credit card liabilities, franchise fees advanced, audit fees payable, and payroll liabilities, it does not provide a specific figure for 'Health Insurance (pre-tax)'.
However, the table does include a line item for 'Payroll Liabilities' totaling $12,409.52 as of December 31, 2023, and $0.00 as of December 31, 2022. It's important to note that this figure represents total payroll liabilities and not specifically health insurance liabilities.
To obtain the precise amount of Best Brains' Health Insurance (pre-tax) liability as of December 31, 2023, a prospective franchisee should directly request this information from the franchisor. Understanding this liability is crucial for assessing the company's financial health and stability.