What was the total current federal property and equipment value for Card My Yard in 2023?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Current: | ||
| Federal | $(133,183) | $(262,480) |
| State | 244 | (78,963) |
| Total current | (132,939) | (341,443) |
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the total current federal value was a negative amount. In 2023, the total current federal value was reported as $(262,480).
It is important to note that this value is a negative number, which may indicate a liability or expense rather than an asset. This could be due to factors such as depreciation, tax liabilities, or other financial obligations at the federal level.
A prospective franchisee should seek clarification from Card My Yard regarding the nature of this negative value and its potential implications for the franchisee's own financial performance. Understanding the reasons behind this figure is essential for making an informed investment decision.