What was the increase, excluding amounts recognized during the period, for Boulder Designs as of December 31, 2023?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
,971 | 20,793 | | Long-term debt, less current installments | $_ | 571,730 | 528,240 |
The aggregate maturities of long-term debt for each of the five years subsequent to December 31, 2024 are as follows: 2025, $13,971; 2026, $-0-; 2027, $585; 2028, $5,683; and 2029, $5,928.
Notes to Financial Statements (Continued)
(6) Revenue Recognition
Contract liabilities consist of deferred revenue
Source: Item 23 — RECEIPT (FDD pages 50–217)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, the increase, excluding amounts recognized during the period, was $2,943,471 as of December 31, 2023. This figure represents the change in revenue or receipts for Boulder Designs, not counting the revenue that was specifically recognized during that accounting period.
For a prospective franchisee, this number provides insight into the overall financial activity of Boulder Designs. It indicates how much the company's receipts increased from activities other than standard revenue recognition during the year. This could include items such as deferred revenue, or other non-recurring income sources.
Understanding this figure helps potential franchisees assess the financial dynamics of Boulder Designs beyond just standard revenue streams. It's important to consider this number in conjunction with other financial metrics to get a comprehensive view of the company's financial health and stability.