What was the amount of deductions/write-offs for Brain Balance in 2024?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
| The activity in the allowance for credit losses is as follows: | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| Balance - January 1 | $ | - $ | 3,938 $ | 3,938 |
| Additions charged to expense | 59,741 | 5,560 | - | |
| Deductions/Write-offs | (29,978) | (9,498) | - | |
| Balance - December 31 | $29,763 $ | - $ | 3,938 |
Source: Item 23 — RECEIPTS (FDD pages 72–292)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, the deductions/write-offs for the company in 2024 totaled $29,978. This figure reflects the activity in the allowance for credit losses during that year.
This information is part of the broader financial statements of Brain Balance, which are crucial for potential franchisees to review. Understanding the company's financial performance, including its management of credit losses and write-offs, can provide insights into its financial stability and risk management practices.
Prospective franchisees should carefully examine these figures in the context of the complete financial statements and consider seeking professional financial advice to fully understand the implications. Reviewing these deductions in comparison to previous years (2023 and 2022) can also provide a clearer picture of trends and potential areas of concern or strength.