What was the interest income for Deka Lash as of 2/31/2023?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
28,281 | | | | Notes payable - related party | _ | 246,840 | _ | 314,888 | - | 546,725 | | TOTAL CURRENT LIABILITIES | | 2,205,214 | | 2,162,601 | | 2,157,775 | | OTHER LIABILITIES | | | | | | | | Deferred franchise fees, net of current | | 5,240,215 | | 6,295,983 | | 6,270,634 | | Deferred revenue | - | 281,520 | _ | 343,104 | - | 277,012 | | TOTAL LIABILITIES | _ | 7,726,949 | _ | 8,801,688 | _ | 8,705,421 | | MEMBER'S CAPITAL | | | | | | | | Member's capital | - | (2,508,218) | _ | (2,728,473) | - | (2,954,022) | | TOTAL MEMBER'S CAPITAL | _ | (2,508,218) | _ | (2,728,473) | _ | (2,954,022 | | TOTAL LIABILITIES AND MEMBER'S CAPITAL | | 5,218,731 | 5 | 6,073,215 | $ | 5,751,399 |
| 1 | 2/31/2023 | 12/31/20 | 22 | 12/31/2021 | |
|---|---|---|---|---|---|
| REVENUE | 4 | . 200 000 | 2 . 200 | nau. | |
| Initial franchise fees | |||||
| Product sales | $ | 1,752,895 | $ 1,572, 3,707. | ||
| 511111111111111111111111111111111111111 | Part of the last | 200 | 2,955,206 | ||
| Royalty income | 2,062,890 | 2,024 | 1,551,172 | ||
| Brand development income | 508,196 | 301,725 | |||
| Other operating revenue | _ | 1,852,111 | 1,989 | 1,903,123 | |
| TOTAL REVENUES | _ | 9,339,025 | 9,643 | 649 | 8,010,120 |
| OPERATING EXPENSES | |||||
| Selling and administrative expense | 1.875,002 | 1,807. | 255 | 983,611 | |
| Product costs | 1,812,842 | 2,008 | 962 | 1,989,404 | |
| Development costs | 1,083,541 | 944 | 467 | 1,221,014 | |
| Salaries, wages, and benefits | 4,327,982 | 3,904 | 703 | 2,743,730 | |
| Other |
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, the interest income as of 2/31/2023 was $6,704. This figure represents income earned by Deka Lash from interest-bearing assets or investments during that period.
For a prospective franchisee, understanding the franchisor's financial performance, including interest income, can provide insights into the company's overall financial health and stability. Interest income, while potentially a smaller portion of total revenue, can contribute to the company's profitability.
It's important to note that the date 2/31/2023 is not a valid date. February has 28 days in a common year and 29 days in a leap year. This discrepancy could indicate a typo or an error in the financial reporting. A potential franchisee should verify this information with Deka Lash to ensure accuracy and clarity in the financial statements.