What was the amount of purchases of property and equipment for Expense Reduction Analysts in 2023?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
d scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
CliftonLarsonAllen LLP
Clifton Larson Allen LLP
Milwaukee, Wisconsin April 18, 2024
| 2023 | (restated) 2022 | |||
|---|---|---|---|---|
| ASSETS | - | |||
| CURRENT ASSETS | ||||
| Cash and Cash Equivalents | $ | 1,251,718 | $ | 1,144,589 |
| Accounts Receivable, Net | 444,102 | 186,685 | ||
| Prepaid Expenses | 85,996 | 65,844 | ||
| Prepaid Incremental Franchise Costs | 393,234 | 309,426 | ||
| Prepaid Taxes | 235,161 | 10000 | ||
| Due from Related Parties | 1,005,148 | 857,412 | ||
| Total Current Assets | 3,415,359 | 2,563,956 | ||
| PROPERTY AND EQUIPMENT, Net | 18, |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the company's purchases of property and equipment in 2023 totaled $13,733. This figure reflects the capital investments Expense Reduction Analysts made in physical assets during that year.
For a prospective franchisee, understanding these figures provides insight into Expense Reduction Analysts' investment activities. While this specific figure may not directly impact a franchisee's operations, it contributes to a broader understanding of the company's financial management and resource allocation. Franchisees typically focus more on their own initial investment costs and ongoing operational expenses.
It's important to note that this number represents the company's overall investment in property and equipment and is part of the consolidated financial statements. Franchisees should consider this information in the context of the company's overall financial health and stability, as detailed in the complete FDD.