What was the total value of Dryject's accrued expenses in 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 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 company's accrued expenses totaled $20,910 in 2022. This figure represents the expenses that Dryject had incurred but not yet paid as of December 31, 2022. Accrued expenses are a standard accounting item reflecting short-term liabilities.
For a prospective Dryject franchisee, understanding the accrued expenses provides insight into the company's short-term financial obligations. It is a component of the overall liabilities and contributes to the total financial picture presented in the balance sheet. Reviewing these figures over multiple years, as presented in the FDD, can reveal trends in how Dryject manages its short-term liabilities.
It's important to note that accrued expenses are just one element of Dryject's financial health. A comprehensive analysis would involve reviewing all assets, liabilities, and equity, as well as the income statement and cash flow statement, to gain a complete understanding of the company's financial position. Prospective franchisees should consult with a financial advisor to fully interpret these financial statements.