What is the total amount of long-term debt, less current portion, for Dryject?
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.
ROGER K. STEIN, CPA LLC
Neptune, New Jersey
April 2, 2024
DRYJECT MANAGEMENT, LLC BALANCE SHEETS DECEMBER 31, 2023 AND 2022
| 2023 | 2022 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets: | ||||
| Cash | $ | 213,331 | $ | 168,705 |
| Accounts receivable | 70,586 | 206,666 | ||
| Total Current Assets | 283,917 | 375,371 | ||
| Intangible Assets: | ||||
| Goodwill | 1,509,159 | 1,509,159 | ||
| Organization costs | 9,618 1,518,777 | 9,618 1,518,777 | ||
| Less: Accumulated Amortization | - | (1,128,911) | (977,993 | |
| Net Intangible Assets | _ | 389,866 | - | 540,784 |
| Total Assets | $ | 673,783 | s | 916,155 |
| LIABILITIES AND MEMBER'S CAPITAL | ||||
| Current Liabilities: | ||||
| Accounts payable | $ | 95,314 | $ | 195,817 |
| Accrued expenses | 14,980 | 20,910 | ||
| Current portion of long-term debt | - | 161,548 | 148,217 | |
| Total Current Liabilities | - | 271,842 | - | 364,944 |
| Other Liabilities: | 372,752 | 542,827 | ||
| Long term debt - net of current portion | 7 |
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the total long-term debt, less the current portion, was $372,752 in 2023 and $542,827 in 2022. This figure represents the debt remaining after subtracting the portion due within the next year and any unamortized debt issuance costs.
This metric is important for prospective franchisees as it provides insight into Dryject's financial leverage and long-term obligations. A higher amount of long-term debt could indicate a greater financial risk for the franchisor, which may indirectly affect franchisees. It is typical for franchise companies to carry some long-term debt, often related to financing acquisitions or capital investments.
Reviewing these figures over multiple years, as presented in the FDD, allows potential franchisees to assess the trend and stability of Dryject's debt management. Significant fluctuations in long-term debt could warrant further investigation to understand the underlying causes and potential implications for the franchise system. It is also important to note that this debt is allocated 75% to the Company and 25% to DryJect Inc. Acquisition Corporation.