What was the amount of 'Due from related parties' related to investing activities for Dog Haus in 2022?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
ent portion of the lease liability was $34,067 and $121,020. As of and for the year ended December 31, 2024, the discount rate for the lease was 3.75% and the remaining life is three months.
As of December 31, 2024 and 2023, ROU asset and lease liability related to the operating lease was as follows:
| 2024 | 2023 |
|---|
Source: Item 23 — RECEIPTS (FDD pages 87–328)
What This Means (2025 FDD)
I am unable to provide the specific amount of 'Due from related parties' related to investing activities for Dog Haus in 2022, as this level of detail is not present within the provided excerpts from the 2025 Franchise Disclosure Document.
However, the FDD does contain some information regarding related party transactions. Specifically, it mentions that Dog Haus provides advance cash to affiliated entities related through common ownership and business activities. These receivables are noninterest bearing and due upon demand. The related party unpaid balance as of December 31, 2024, was $649,780, and the company wrote off $105,791 for the year ended December 31, 2024.
To obtain the specific figure for 'Due from related parties' related to investing activities in 2022, a prospective franchisee should directly request this information from Dog Haus. Understanding the nature and magnitude of related party transactions is crucial for assessing the financial health and stability of the franchise system.