What were the payments made for patents and trade names by Clear Pest Pros in 2022?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
December 31, 2024 | | | | |
Consolidated Statements of Cash Flows (dollars in thousands)
| Year ended December 31, | 2024 | 2023 | 2022 (as restated) |
|---|---|---|---|
| Cash Flows from Operating Activities | |||
| Consolidated net loss | $ (11,108) | $ (44,277) | $ (6,330) |
| Adjustments to reconcile consolidated net | |||
| loss to net cash (used in) provided by | |||
| operating activities: | |||
| Depreciation | 505 | 591 | 490 |
| Amortization of intangible assets | 4,380 | 4,380 | 5,169 |
| Credit (recovery) loss | (296) | 627 | 6,949 |
| Loss on disposal of property and equipment | 781 | - | - |
| Impairment of goodwill | 10,519 | 45,537 | 1,266 |
| Impairment of intangible assets | - | - | 4,952 |
| Deferred income taxes | 357 | 265 | (2,595) |
| Noncash lease expense | 67 | (121) | (44) |
| Changes in operating assets and liabilities | |||
| that provide (use) cash: | |||
| Accounts receivable | (459) | 1 | (3,560) |
| Inventory | (2,619) | (1,289) | (1,523) |
| Notes receivable | 970 | 1,506 | 3,607 |
| Prepaid expenses and other assets | 40 | (166) | 473 |
| Deferred commissions | 223 | 284 | (92) |
| Related party | (2,864) | (845) | (7,126) |
| Accounts payable | 609 | (652) | (191) |
| Accrued and other current liabilities | (1,284) | 518 | (534) |
| Deferred revenue | (1,104) | (2,407) | (2,282) |
| Net Cash (Used in) Provided by Operating | |||
| Activities | (1,283) | 3,952 | (1,371) |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment | (593) | (1,109) | (581) |
| Payments made for patents and trade names | (54) | (78) | (170) |
| Net Cash Used in Investing Activities | (647) | (1,187) | (751) |
| Net (Decrease) Increase in Cash | (1,930) | 2,765 | (2,122) |
| Cash, beginning of year | 4,482 | 1,717 | 3,839 |
| Cash, end of year | $ 2,552 | $ 4,482 | $ 1,717 |
| Classification of Cash | |||
| Cash | $ 1,242 | $ 3,701 | $ 1,372 |
| Restricted cash | 1,310 | 781 | 345 |
| Total Cash | $ 2,552 | $ 4,482 | $ 1,717 |
| Supplemental Cash Flow Information | |||
| Cash paid for taxes | $ 139 | $ 185 | $ 161 |
| Sig |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)
What This Means (2025 FDD)
According to Clear Pest Pros's 2025 Franchise Disclosure Document, the payments made for patents and trade names in 2022 were $170. This figure is part of the cash flows from investing activities. These payments represent Clear Pest Pros's investments in securing and maintaining their intellectual property.
For a prospective franchisee, this indicates the franchisor is actively investing in its brand and proprietary assets. These investments can help protect the brand's identity and market position. It is important to note that these payments are part of the overall financial health and investment strategy of Clear Pest Pros.
Franchisees should consider these figures in the context of the company's overall financial statements. Understanding the franchisor's investments in intellectual property can provide insight into the long-term value and stability of the franchise system. Reviewing these payments over several years can also reveal trends in the company's investment strategy.