What was the amount of deferred costs, excluding the current portion, for Boulder Designs in 2024?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
ess of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Jugare, Resonaire, Boyd o Thomas . I.C.
Balance Sheets
December 31, 2024 and 2023
| | 2024 | 2023 | |--------------------
Source: Item 23 — RECEIPT (FDD pages 50–217)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, the company had $158,796 in deferred costs, excluding the current portion, in 2024. This figure is part of the company's overall assets, which totaled $1,491,315 for the same year.
Deferred costs, in general accounting terms, represent expenses that have been paid but not yet consumed or recognized as an expense on the income statement. Excluding the current portion means this amount represents costs that will be recognized as expenses over a period longer than one year. For a prospective Boulder Designs franchisee, understanding deferred costs can be important for assessing the financial health and stability of the franchisor.
Reviewing these figures in comparison to previous years, such as the $214,248 reported for 2023, can provide insights into how Boulder Designs is managing its long-term investments and expenses. A significant change in deferred costs could signal shifts in the company's strategic investments or accounting practices, which franchisees should investigate further to fully understand the implications.