According to Cool Binz's 2025 Franchise Disclosure Document, the amortization expense for intangible assets totaled $5,169,000 in 2022. This figure reflects the expense recognized by Cool Binz for the use of its intangible assets, such as patents, trademarks, and goodwill, over that year.

For a prospective Cool Binz franchisee, understanding the amortization expense is crucial as it provides insight into the financial management and valuation of the company's assets. Amortization is a non-cash expense, meaning it doesn't involve an actual outflow of cash, but it does reduce the company's reported profits. A high amortization expense could indicate significant investments in intangible assets, which may or may not translate directly into increased profitability for franchisees.

It's important to note that this figure represents the amortization expense at the corporate level and may not directly correlate with the financial performance of individual Cool Binz franchise locations. Franchisees should focus on understanding how Cool Binz's brand recognition, proprietary systems, and other intangible assets contribute to their own revenue and profitability. Additionally, prospective franchisees may want to inquire about the specific intangible assets being amortized and how they benefit the franchise system.