Did Dryject have any uninsured cash balances as of December 31, 2022?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
od. Actual results could differ from those estimates. Management periodically evaluates estimates used in the preparation of the financial statements for continued reasonableness. Appropriate adjustments, if any, to the estimates used are made prospe
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, Dryject maintains its cash balances at a financial institution insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. As of December 31, 2022, Dryject had no uninsured cash balances.
This means that all of Dryject's cash holdings were within the FDIC's insurance coverage limit at that time. The FDIC insurance protects depositors up to $250,000 per insured bank, so Dryject did not hold any funds in excess of this limit that would have been at risk in the event of a bank failure.
For a prospective franchisee, this indicates that Dryject is managing its cash responsibly by keeping its balances within insured limits. This reduces the risk of financial loss due to potential bank failures, which can be a concern for any business holding significant cash reserves.