What was the amount of training fees payable 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 | (287,992) | (135,844) | ||
| Deferred Revenue | 584,936 | (245, 181) | ||
| Due to Franchisees | 18,257 | 1,933 | ||
| Net Cash Provided (Used) by Operating Activities | 1,008,267 | (289,940) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | 230 200 | |||
| Development of Internal-Use Software | (35,403) | (40,834) | ||
| Proceeds on Sale of Equipment | 1,160 | 175 x 4 7 6 | ||
| Repurchase of Area Development Territory | - | (424,001) | ||
| Purchases of Property and Equipment | (13,733) | _ | (8,334) | |
| Net Cash Used by Investing Activities | (47,976) | (473,169) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | 15.25 2.21 | 000 100 | ||
| Advances from (Payments to) Related Parties | (424,912) | 309,498 | ||
| Net Payments for Area Development Territory | _ | (428,250) | _ | (80,000) |
| Net Cash Provided (Used) by Financing Activities | _ | (853,162) | _ | 229,498 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 107,129 | (533,611) | ||
| Cash and Cash Equivalents - Beginning of Year | ,= | 1,144,589 | - | 1,678,200 |
| CASH AND CASH EQUIVALENTS - END OF YEAR | _$ | 1,251,718 | $ | 1,144,589 |
| SUPPLEMENTAL SCHEDU |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the training fees payable in 2023 were $41,750. This figure reflects the company's financial obligations related to training programs during that year.
For a prospective franchisee, this indicates the level of Expense Reduction Analysts's investment in training activities. It is important to note that this is not the cost for the franchisee to attend training, but rather a balance sheet item representing Expense Reduction Analysts's obligations.
Understanding the franchisor's financial commitments can provide insight into their operational priorities and financial health. Franchisees should inquire about the specific training programs and resources supported by these payable fees to assess the value and relevance of the training provided.