What was the amount of the Note Payable, Current Portion for Expense Reduction Analysts in 2022?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
s | | 5,148 | | 5,148 | | Deferred Tax Asset | | 29,195 | | 155,408 | | Intangible Assets, Net | | 5,640,216 | | 5,640,216 | | Total Other Assets | | 8,357,318 | | 7,837,724 | | Total Assets | S | 11,921,252 | s | 10,518,455 |
| 2023 | 9 | (restated) 2022 | ||
|---|---|---|---|---|
| LIABILITIES AND STOCKHOLDERS' EQUITY | 9 | |||
| CURRENT LIABILITIES | ||||
| Accounts Payable | $ | 408,147 | $ | 344,211 |
| Current Operating Lease Liability | 52,913 | 60,680 | ||
| Note Payable, Current Portion | 145,650 | 428,250 | ||
| Accrued Expenses | 257,859 | 115,928 | ||
| Training Fees Payable | 108 |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the Note Payable, Current Portion was $428,250 in 2022. This figure represents the portion of Expense Reduction Analysts' note payable due within one year, indicating the short-term debt obligations the company had for that specific financial instrument.
For a prospective franchisee, understanding the franchisor's debt obligations is crucial. A high current portion of notes payable could suggest that Expense Reduction Analysts has significant short-term financial liabilities. This could impact the franchisor's ability to support its franchisees or invest in system-wide improvements.
It is important to note that this is just one financial metric. A potential franchisee should review the complete financial statements and consult with a financial advisor to assess the overall financial health and stability of Expense Reduction Analysts. Analyzing trends in debt levels and comparing them to industry benchmarks can provide a more comprehensive understanding of the franchisor's financial risk.