What were the total assets for Dryject at the end of 2022?
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 Asset |
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the total assets for Dryject Management, LLC at the end of 2022 were $916,155. This figure is derived from the company's balance sheet, which provides a snapshot of its assets, liabilities, and equity at a specific point in time. The balance sheet includes current assets like cash and accounts receivable, as well as intangible assets such as goodwill and organization costs, less accumulated amortization.
Specifically, Dryject's current assets totaled $375,371, comprised of $168,705 in cash and $206,666 in accounts receivable. The company's net intangible assets amounted to $540,784, calculated from goodwill of $1,509,159 and organization costs of $9,618, less accumulated amortization of $977,993. These figures are essential for understanding the financial health and solvency of Dryject.
A prospective franchisee should carefully review these figures and compare them to previous years to identify any trends. Understanding the composition of Dryject's assets can help a franchisee assess the company's ability to meet its financial obligations and invest in future growth. It is also advisable to consult with a financial advisor to fully understand the implications of these financial statements.