What was the total value of Dryject's current liabilities 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.
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 | |
| Intangible Assets: | ||||
| Goodwill | 1,509,159 | 1,509,159 | ||
| Organization costs | 9,618 1,518,777 | 9,618 1,518,777 | ||
| Less: Accumulated Amortization | 7 | (977,993) | (827,078) | |
| Net Intangible Assets | 540,784 | 691,699 | ||
| Total Assets | $ | 916,155 | s | 1,071,580 |
| LIABILITIES AND MEMBER'S CAPITAL | ||||
| Current Liabilities: | ||||
| Accounts payable | $ | 195,817 | $ | 173,723 |
| Accrued expenses | 20,910 | 12,394 | ||
| Current portion of long-term debt | 148,217 |
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 total current liabilities in 2022 were $364,944. This figure represents the sum of Dryject's accounts payable ($195,817), accrued expenses ($20,910), and the current portion of long-term debt ($148,217) for that year.
Understanding the composition of current liabilities is crucial for prospective franchisees. Accounts payable typically reflect short-term obligations to suppliers, while accrued expenses represent costs incurred but not yet paid. The current portion of long-term debt indicates the amount of Dryject's long-term debt due within the next 12 months. These liabilities, in conjunction with current assets, provide insights into Dryject's short-term financial health and liquidity.
Franchisees should carefully evaluate these figures to assess Dryject's ability to meet its short-term obligations. A high level of current liabilities relative to current assets may indicate potential financial strain. It is advisable for potential franchisees to discuss these financial statements with a financial advisor to fully understand the implications for their investment.