What was the total amount of Software Development Costs for Craters & Freighters as of December 31, 2023?

According to Craters & Freighters' 2025 Franchise Disclosure Document, the total Software Development Costs as of December 31, 2023, were $471,116. This figure represents the company's investment in software development before accounting for accumulated amortization. Amortization is the process of spreading the cost of an intangible asset over its useful life. In Craters & Freighters' case, software development costs are amortized on a straight-line basis over three years.

For a prospective franchisee, understanding these costs can provide insight into Craters & Freighters' technology investments. These costs reflect the resources Craters & Freighters has dedicated to developing and maintaining its software, which could be crucial for managing operations, customer relationships, or other business functions. The accumulated amortization related to these costs was $317,185 as of the same date, which reduces the net value of the software development assets to $153,931.

It's important to note that these figures are based on Craters & Freighters' accounting practices, as detailed in the notes to their financial statements. The amortization expense for 2023 was $101,989, indicating the portion of the software development costs recognized as an expense during that year. Reviewing these financial details helps potential franchisees assess the financial health and investment strategies of Craters & Freighters.