What units are used to measure the Dryject data for 2024 and 2023 in the table?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
turity of three months or less to be cash equivalents. For the year ended December 31, the amounts paid for income taxes and interest were as follows:
| Interest | $ | 43,844 | $ | 58,812 | |
|---|---|---|---|---|---|
| Income taxes | $ | - 4 | S | = |
- Note 6 Line of Credit The Company and DryJect Inc. Acquisition Corporation have a $500,000 revolving line of credit with WSFS Bank, with interest at 2% over prime, of which $120,141 was outstanding as of December 31, 2024 and $120,141 was outstanding as of December 31, 2023. The line of credit, for the first three years will be a revolving line of credit. As of August 2026, the outstanding balance shall be termed out in monthly payments of principal and interest and is due to expire in August 2033. The line of credit balance is reflected on the books of DryJect Inc. Acquisition Corporation since the proceeds are deposited directly into the Corporation and used for their expenses.
- Note 7 Transactions with Related Parties For the year ended December 31, the Company incurred managemen
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the financial data for 2023 and 2024 is measured in United States dollars (USD). Specifically, the document mentions a revolving line of credit, management fees, and accounts payable, all quantified in USD.
For example, Dryject and DryJect Inc. Acquisition Corporation have a $500,000 revolving line of credit. As of December 31, 2024, $120,141 was outstanding, and the same amount was outstanding as of December 31, 2023. Additionally, Dryject incurred management fees of $745,000 in 2024 and $710,000 in 2023 to DryJect Inc. Acquisition Corporation. At the end of 2024, Dryject had an account payable of $24,541, while in 2023, the account payable was $95,314 to the same corporation.
This information is crucial for prospective franchisees as it provides insight into Dryject's financial transactions and obligations. Understanding the amounts and currencies involved helps in assessing the financial health and stability of the company. Franchisees can use this data to evaluate the potential risks and rewards associated with investing in a Dryject franchise.