What was the total value of Dryject's total 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 liabilities in 2022 were $907,771. This figure represents the sum of Dryject's current liabilities, which amounted to $364,944, and long-term debt, net of the current portion, which was $542,827.
Understanding the composition of these liabilities is crucial for prospective franchisees. Current liabilities, such as accounts payable ($195,817) and accrued expenses ($20,910), indicate Dryject's short-term financial obligations. The current portion of long-term debt ($148,217) represents the amount of long-term debt due within the next year. Long-term debt, net of the current portion, reflects Dryject's longer-term financial commitments.
For a potential Dryject franchisee, this information provides insight into the company's financial health and stability. A high level of liabilities compared to assets could indicate financial risk, while a manageable level of debt could suggest responsible financial management. Reviewing these figures in conjunction with Dryject's assets and overall financial performance is essential for making an informed investment decision.
It is important to note that these figures are specific to Dryject Management, LLC, and may not reflect the financial performance of individual franchise locations. Prospective franchisees should consult with a financial advisor to fully understand the implications of Dryject's financial statements and how they may impact their investment.