Does the table offer a comparative analysis of Dryject's business relationship data between 2024 and 2023?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
er matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that I identified during the audit.
ROGER K. STEIN, CPA LLC
Neptune, New Jersey
March 24, 2025
DRYJECT MANAGEMENT, LLC BALANCE SHEETS DECEMBER 31, 2024 AND 2023
| - | 2024 | 2023 | ||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets: | ||||
| Cash | $ | 31,688 | $ | 213,331 |
| Accounts receivable | 67,102 | _ | 70,586 | |
| Total Current Assets | 98,790 | 283,917 | ||
| Intangible Assets: | ||||
| Goodwill | 1,509,159 | 1,509,159 | ||
| Organization costs | 9,618 | 9,618 | ||
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Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the provided table presents a comparative analysis of specific asset data for 2024 and 2023. The table format allows for a direct comparison of Dryject's financial figures between the two years. This includes a breakdown of current assets such as cash and accounts receivable, as well as intangible assets like goodwill and organization costs.
Specifically, the table shows that Dryject's cash holdings decreased from $213,331 in 2023 to $31,688 in 2024. Accounts receivable also saw a slight decrease from $70,586 in 2023 to $67,102 in 2024. The total current assets decreased from $283,917 in 2023 to $98,790 in 2024. Intangible assets, including goodwill ($1,509,159) and organization costs ($9,618), remained constant between 2023 and 2024.
For a prospective franchisee, this comparative data offers insights into Dryject's financial performance and asset management. The decrease in cash and total current assets could indicate changes in the company's liquidity or operational efficiency. However, the consistency in intangible assets suggests a stable valuation of the brand's goodwill and organizational structure. A potential franchisee should investigate the reasons behind the changes in current assets to fully understand the financial health and trends within Dryject's business operations.
It is important to note that this table focuses specifically on asset data. Other aspects of Dryject's business relationship and financial performance would be detailed in other financial statements, such as the statements of income and cash flows, which are referenced elsewhere in the FDD. A comprehensive understanding of Dryject's financial standing requires analyzing all available financial statements and related notes.