Does the table provide any context for understanding the Dryject data presented for 2024 and 2023?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
turity of three months or less to be cash equivalents. For the year ended December 31, the amounts paid for income taxes and interest were as follows:
| Interest | $ | 43,844 | $ | 58,812 | |
|---|---|---|---|---|---|
| Income taxes | $ | - 4 | S | = |
- Note 6 Line of Credit The Company and DryJect Inc. Acquisition Corporation have 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. The line of credit, for the first three years will be a revolving line of credit. As of August 2026, the outstanding balance shall be termed out in monthly payments of principal and interest and is due to expire in August 2033. The line of credit balance is reflected on the books of DryJect Inc. Acquisition Corporation since the proceeds are deposited directly into the Corporation and used for their expenses.
- Note 7 Transactions with Related Parties For the year ended December 31, the Company incurred management fees of $745,000 in 2024 and $710,000 in 2023 to DryJect Inc. Acquisition Corporation. At December 31, the Company had an account payable of $24,541 in 2024 and $95,314 in 2023 to DryJect Inc. Acquisition Corporation. The Company and DryJect Inc. Acquisition Corporation have a common owner.
- Note 8 Reclassifications Certain amounts in the prior year financial statements have been reclassified for comparative purposes to conform with the presentation in the current year financial statements.
- Note 9 Subsequent Events The Company has evaluated subsequent events through March 24, 2025, which is the date the financial statements were available to be issued. No subsequent events have been identified that require recognition or disclosure in the financial statements were identified by management.
DRYJECT MANAGEMENT, LLC FINANCIAL STATEMENTS DECEMBER 31, 2023
ROGER K. STEIN, CPA LLC
CERTIFIED PUBLIC ACCOUNTANT 2300 STATE ROUTE
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the provided excerpts contain financial statements and related notes that offer context for understanding the Dryject data presented for 2024 and 2023. Specifically, there are statements of income and member's capital, and cash flows for the years ended December 31, 2024 and 2023. These statements provide a view of Dryject's financial performance and how the company's capital structure has changed over those two years.
Additionally, the notes to the financial statements provide further details. For example, Note 6 discusses a line of credit that Dryject Inc. Acquisition Corporation has with a bank, noting the outstanding balances as of December 31, 2024 ($120,141) and December 31, 2023 ($120,141). Note 7 details transactions with related parties, such as management fees incurred by the company to DryJect Inc. Acquisition Corporation ($745,000 in 2024 and $710,000 in 2023) and accounts payable to the same entity ($24,541 in 2024 and $95,314 in 2023). These related-party transactions are important for understanding the flow of funds and potential conflicts of interest.
Other notes provide additional context, such as Note 8, which mentions reclassifications made for comparative purposes, and Note 9, which discusses the evaluation of subsequent events through March 24, 2025. These notes help to clarify the basis and assumptions underlying the financial statements, providing a more complete picture of Dryject's financial position and performance during the 2023-2024 period. A prospective franchisee can use this information to assess the financial health and stability of Dryject.