What amount of services were recognized over time by Bor Restoration in 2021?

According to Bor Restoration's 2024 Franchise Disclosure Document, the amount of services recognized over time for the year ended December 31, 2021, was $393,597. The document also notes that no services were recognized at a point in time during that year. This figure is part of the company's financial overview, providing insight into how revenue is recognized relative to service delivery.

For a prospective franchisee, this information is useful for understanding the revenue recognition pattern of Bor Restoration. The fact that all services were recognized over time suggests that revenue is earned and recorded as the services are performed, rather than upfront. This can affect cash flow and financial planning, as revenue is realized gradually.

It's also important to note the comparison to other years. In 2022, the amount of services recognized over time was $0, while in 2023 it was $4,095,298. These fluctuations highlight the variability in Bor Restoration's revenue recognition and could be due to various factors such as changes in service offerings, market conditions, or accounting practices. Franchisees should investigate these trends to better understand the potential for revenue generation and the factors that influence it.