What was the total amount of Dryject's accumulated amortization in 2021?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
ther matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that I identified during the audit.
Neptune, New Jersey
KOGER K. STEIN, CPA LLC
March 31, 2023
DRYJECT MANAGEMENT, LLC BALANCE SHEETS DECEMBER 31, 2022 AND 2021
| 2022 | _ | 2021 | ||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets: | ||||
| Cash | S | 168,705 | $ | 246,487 |
| Accounts receivable | 206,666 | 133,394 | ||
| Total Current Assets | - | 375,371 | 379,881 | |
| Intang |
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the total accumulated amortization for Dryject in 2021 was $827,078. This figure reflects the cumulative amortization of intangible assets, such as goodwill and organization costs, up to the end of that fiscal year. Amortization is the systematic reduction of the book value of an intangible asset over its useful life, similar to depreciation for tangible assets.
For a prospective Dryject franchisee, understanding accumulated amortization is crucial for assessing the company's financial health and the value of its intangible assets. A high level of accumulated amortization relative to the original value of the intangible assets could indicate that these assets are nearing the end of their useful lives or that their value has diminished over time. This could impact the future profitability and sustainability of the franchise.
It's important to note that the goodwill arose from the purchase of 100% of the membership units in 2016 and is being amortized over ten years on a straight-line basis. This accounting practice can affect the reported net income of Dryject, as amortization expenses reduce taxable income. Franchisees should consult with a financial advisor to fully understand the implications of these accounting practices on their investment and potential returns.