What were the total expenses for Dryject in 2021?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
outstanding as of December 31, 2021. The line of credit is due to expire in August 2023. The line of credit balance is reflected on the books of DryJect Inc. Acquisition Corporation since the proceeds are deposited directly into DryJect Inc. Acquisition Corporation and used for their expenses.
- Note 8 Transactions with Related Parties For the year ended December 31, the Company incurred management fees of $655,000 in 2022 and $680,351 in 2021 and reimbursed
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, specific details regarding the total expenses for Dryject in 2021 are not explicitly provided. However, the FDD does include some expense-related figures for 2021.
Specifically, the document mentions that Dryject incurred management fees of $680,351 in 2021 and reimbursed expenses of $24,649 to DryJect Inc. Acquisition Corporation. Additionally, the company had an account payable of $173,128 to DryJect Inc. Acquisition Corporation at the end of 2021.
While these figures offer insight into certain aspects of Dryject's expenses, they do not represent the total expenses for the year. To obtain a comprehensive understanding of Dryject's total expenses in 2021, a prospective franchisee should request a complete income statement or profit and loss statement from the franchisor. This document would provide a detailed breakdown of all revenues, costs, and expenses incurred by Dryject during that period.