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What was the gain from disposal of digital assets for Exit in 2024?

Exit Franchise · 2025 FDD

Answer from 2025 FDD Document

| September 2, 2025 |

Note 3 Notes Receivable (Continued)

When management has determined t

Source: Item 23 — RECEIPT (FDD pages 42–235)

What This Means (2025 FDD)

According to Exit's 2025 Franchise Disclosure Document, the company experienced a gain from the disposal of digital assets amounting to $2,125,033 during the year ended December 31, 2024. This gain reflects the difference between the sales price and the carrying value of the digital assets at the time of sale.

This information is relevant for prospective Exit franchisees as it provides insight into the company's financial activities and how it manages its assets. The gain from the disposal of digital assets contributed positively to Exit's financial performance in 2024.

It's important to note that gains are not recorded until realized upon sale, and they are presented net of any impairment losses for the same digital assets held. This accounting practice ensures that the reported gain accurately reflects the actual profit made from the sale of these assets.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.