What was the gross amount of accounts receivable for Brightstar Care in the earlier reported year?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
or the years ended December 31, 2023 and January 1, 2023, respectively, and is included within the consolidated statements of income.
Contract assets include accrued revenue for items not invoiced as of period end due to billing occurring subsequent to the performance obligation being fulfilled. Contract
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 117)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, contract assets, which are included within accounts receivable, were $1,881,050 as of January 1, 2023. These contract assets represent accrued revenue for items not yet invoiced at the end of the period because billing occurs after the performance obligation is fulfilled.
For a prospective Brightstar Care franchisee, this indicates the amount of revenue that Brightstar Franchising, LLC had earned but not yet billed as of that date. This can be an important factor in assessing the company's financial health and revenue recognition practices.
It is important to note that this figure only represents contract assets included within accounts receivable and may not reflect the total accounts receivable for Brightstar Care. Further due diligence would be required to determine the total accounts receivable amount and understand the company's overall revenue cycle.