What was the value of other assets held by Best Brains as of December 31, 2022?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| 5 Other Assets | As at December 31, 2023 | As at December 31, 2022 |
|---|---|---|
| Deferred Tax Asset | 800.00 | 800.00 |
| Advance | 122,000.00 | 122,000.00 |
| Loan Issued | 942,746.00 | 825,254.00 |
| Rent Deposit | 10,503.46 | 10,503.46 |
| Total | 1,076,049.46 | 958,557.46 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the total value of other assets as of December 31, 2022, was $958,557.46. These assets are broken down into several categories.
The first category is deferred tax assets, which were valued at $800.00. The second is listed as an advance, valued at $122,000.00. The third is a loan issued, valued at $825,254.00. Finally, there is a rent deposit of $10,503.46.
Understanding the composition and changes in these 'other assets' can be important for prospective franchisees. Significant fluctuations in loan amounts or deferred tax assets could reflect changes in Best Brains' financial strategies or performance. Franchisees may want to inquire about the nature of the 'advance' and 'loan issued' to understand the transactions behind these figures.