What kind of information can be found in the Dryject Management, LLC balance sheets?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
, SUITE 202 NEPTUNE, NEW JERSEY 07753
Phone: 732-869-1170 Fax: 732-869-1130 www.rogersteincpa.com
MEMBER: NEW JERSEY SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS LICENSED NEW JERSEY & NEW YORK
INDEPENDENT AUDITOR'S REPORT
TO: DRYJECT MANAGEMENT, LLC HATBORO, PENNSYLVANIA
Opinion
I have audited the accompanying financial statements of DryJect Management, LLC (a single member LLC), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of income and member's capital, and cash flows for the years then ended, and the related notes to the financial statements.
In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of DryJect Management, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
I conducted my audit in accordance with auditing standards generally accepted in the United States of America. My responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of my report.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the balance sheets of DryJect Management, LLC, which is a single member LLC, provide a snapshot of the company's financial position at a specific point in time. The independent auditor has audited the balance sheets as of December 31, 2024 and 2023. These balance sheets are components of the overall financial statements.
The financial statements also include related statements of income and member's capital, and cash flows for the years then ended, and the related notes to the financial statements. The auditor's opinion indicates that these financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows of DryJect Management, LLC in accordance with accounting principles generally accepted in the United States of America.
Additionally, the financial statements contain notes that provide further details on specific aspects of DryJect's financial activities. For example, in 2024 and 2023, DryJect incurred management fees to DryJect Inc. Acquisition Corporation of $745,000 and $710,000 respectively. As of December 31, DryJect had an account payable to DryJect Inc. Acquisition Corporation of $24,541 in 2024 and $95,314 in 2023. The company also has a $500,000 revolving line of credit with WSFS Bank, with interest at 2% over prime, of which $120,141 was outstanding as of December 31, 2024 and $120,141 was outstanding as of December 31, 2023. These notes offer context and clarification for understanding the figures presented in the core financial statements.