What was the balance at January 1, 2022, for Card My Yard?

According to Card My Yard's 2025 Franchise Disclosure Document, the balance at January 1, 2022, was $210,125. This figure represents the starting balance for that year, which is influenced by various financial activities, including franchise fees, revenue recognition, and conference fees. Understanding this balance is crucial for assessing the company's financial standing and how it manages its funds over time.

The provided table also details the increases and decreases that occurred throughout 2022. These include an increase of $540,759 for initial franchise fees from contracts that became effective during the period, a decrease of $431,653 representing current year revenue recognized that was included in initial fees, a decrease of $36,525 for current year revenue recognized for the 2022 conference, an increase of $7,300 for fees received for the 2023 conference, and an increase of $3,000 for unearned revenue from a renewal not executed as of December 31, 2022. These transactions ultimately resulted in a balance of $293,006 at December 31, 2022, which then became the balance at January 1, 2023.

Prospective franchisees should pay close attention to these figures as they provide insight into the financial health and operational activities of Card My Yard. Reviewing these balances and the associated increases and decreases can help potential franchisees understand the flow of funds within the franchise system and assess the franchisor's financial management practices. This information is valuable for making an informed decision about investing in a Card My Yard franchise.