What was the amount of prepaid expenses for Expense Reduction Analysts in 2023?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
of Noncontrolling Interest | | 4 | - | 2,468 | (2,468) | 1 4 | | Net Income | | - | | 1,142,947 | 8,779 | 1,151,726 | | BALANCE - DECEMBER 31, 2023 | 18,777,777 | $ 18,778 | $ 4,209,422 | $ 1,237,283 | $ 32,360 | $ 5,497,843 |
| 2023 | () | restated) 2022 | ||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | 277.7 | |||
| Net Income | $ | 1,151,726 | $ | 156,786 |
| Adjustments to Reconcile Net Income to Net Cash | ||||
| Provided (Used) by Operating Activities: | ||||
| Depreciation and Amortization | 16,176 | 8,120 | ||
| Noncash Operating Lease Expense | (83) | 752 | ||
| Deferred Income Taxes | 126,213 | (25,851) | ||
| Effects of Changes in Operating Assets and Liabilities: | ||||
| Accounts Receivable | (257,417) | 95,648 | ||
| Prepaid Incremental Franchise Costs | 100 | |||
| Prepaid Expenses and Other Assets | (591,166) | 28,358 | ||
| Accounts Payable | 63,936 | (65,897) | ||
| Accrued Expenses | 141,931 | (81,014) | ||
| Training Fees Payable | 41,750 | (27,750) | ||
| Prepaid Federal Income Tax/Federal Income Tax Payable |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the prepaid expenses and other assets for the company in 2023 were ($591,166). This figure reflects a component of the company's cash flow from operating activities during that year.
Prepaid expenses typically include items like rent, insurance, or services that Expense Reduction Analysts has paid for in advance but not yet fully consumed or utilized. The negative value suggests that there was a significant decrease in prepaid expenses and other assets during 2023 compared to the previous year.
For a prospective franchisee, this information provides insight into how Expense Reduction Analysts manages its financial obligations and resources. Monitoring these figures over time can reveal trends in the company's operational efficiency and financial health.