What was the total value of Dryject's net intangible assets 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 | |
| Intang |
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 net intangible assets totaled $540,784 in 2022. This figure is calculated by taking the sum of goodwill ($1,509,159) and organization costs ($9,618), then subtracting accumulated amortization ($977,993).
Intangible assets are non-physical assets that can provide long-term value to a company. Goodwill, for example, often arises from acquisitions and represents the value of a company's brand name, customer relationships, and other factors that aren't separately identifiable. Organization costs are expenses related to setting up the business.
Amortization is the systematic reduction of the carrying value of an intangible asset over its useful life. The accumulated amortization represents the total amount of amortization that has been recognized on the company's intangible assets up to a specific point in time. For Dryject, this figure reduces the overall value of their intangible assets.
Prospective franchisees should pay attention to the composition and valuation of intangible assets, as they can significantly impact a company's overall financial health and stability. Understanding how these assets are amortized can also provide insights into the company's accounting practices and long-term financial planning.