comparative
What is the difference in Best Brains' Other loan between December 31, 2022 and December 31, 2023?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| 3 Other Current Assets | As at December 31, 2023 | As at December 31, 2022 |
|---|---|---|
| Employee Advance Loans to Shareholders State Tax Receivable Others Suta Receivable Undeposited Funds Service contract | 18,891.00 | 19,091.00 |
| 199,678.84 | 193,678.84 | |
| 4,452.00 | 4,452.00 | |
| 4,208.67 | 70.19 | |
| 66.66 | - | |
| 23,929.61 | 3,784.81 | |
| 4,500.00 | 4,500.00 | |
| Total | 255,726.78 | 225,576.84 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the Other loan is listed under 'Other Current Assets'.
As of December 31, 2023, the amount listed is $199,678.84. As of December 31, 2022, the amount listed is $193,678.84.
Therefore, the difference in Best Brains' Other loan between December 31, 2022, and December 31, 2023, is $6,000.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.