What is the total value of Crawl Space Ninja's deferred commissions, net?
Crawl_Space_Ninja Franchise · 2024 FDDAnswer from 2024 FDD Document
| Other Assets | |
|---|---|
| Asset Held for Sale | 25,813.72 |
| Deferred commissions, net | |
| 1550 - Deferred Commissions | 453,810.22 |
| 1599 - Less Current Portion - Deferred Commissions | -55,498.25 |
| Total Deferred commissions, net | $ 398,311.97 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 51)
What This Means (2024 FDD)
According to Crawl Space Ninja's 2024 Franchise Disclosure Document, the company's total deferred commissions, net, as of a specific date, is detailed in the balance sheet. The balance sheet lists various assets, including "Deferred commissions, net".
The balance sheet provides a breakdown of how the net deferred commissions are calculated. It starts with a line item for "1550 - Deferred Commissions" which amounts to $453,810.22. From this, the current portion of deferred commissions, listed as "1599 - Less Current Portion - Deferred Commissions", which is $55,498.25, is subtracted.
After subtracting the current portion from the total deferred commissions, the resulting "Total Deferred commissions, net" is $398,311.97. This figure represents the value of commissions that Crawl Space Ninja has deferred, taking into account the portion that is expected to be recognized in the near term. This deferred commission balance is an asset on the balance sheet, reflecting future economic benefits expected to flow to the company.