What was the reported amount of Total Assets for Brain Balance in the second period presented?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | ||
|---|---|---|
| Cash and Cash Equivalents | $232 $133 | $99 $195 |
| Accounts Receivable, Net | 651 606 | 45 567 |
| Inventory | 70 149 | (79) 40 |
| Prepaid Expenses | 291 209 | 82 250 |
| Intercompany Receivable | (1,492) (2,110) | 618 (2,031) |
| Other Current Assets | 26 39 | (13) 31 |
| Total Current Assets | ($222) ($974) | $752 ($948) |
| Fixed Assets, Net | ($10) ($23) | $13 ($16) |
| Intangible Assets, Net | 1,093 1,099 | (6) 1,118 |
| Other Assets | 2,731 2,640 | 91 2,722 |
| Total Assets | $3,592 $2,742 | $850 $2,876 |
Source: Item 23 — RECEIPTS (FDD pages 72–292)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, the company's balance sheets include financial data for 2024, 2023, and 2022. The total assets reported for the second period presented, which is December 31, 2023, were $2,742.
This figure represents the sum of all assets owned by Brain Balance at that point in time. Assets include cash, accounts receivable, inventory, prepaid expenses, and other items of value. Reviewing the trend in total assets over the three years can give a prospective franchisee an idea of the company's growth and financial stability.
It's important to note that these figures reflect the financial performance of BB Franchising, LLC, specifically, and may not be representative of an individual Brain Balance franchise location. A prospective franchisee should compare these figures with industry benchmarks and consider the factors that could influence the financial performance of their specific location.