What is the net change in total assets for Expense Reduction Analysts from 2023 to 2024?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
g 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 9, 2025
| 2024 | 2023 | |||
|---|---|---|---|---|
| ASSETS | ||||
| CURRENT ASSETS | ||||
| Cash and Cash Equivalents | $ | 2,213,765 | $ | 1,251,718 |
| Accounts Receivable, Net | , | 371,963 | 444,102 | |
| Prepaid Expenses | 82,365 | 85,996 | ||
| Prepaid Incremental Franchise Costs | 475,881 | 393,234 | ||
| Prepaid Taxes | 192,835 | 235,161 | ||
| Due from Related Parties | 1,031,474 | 1,005,148 | ||
| Total Current Assets | 4,368,283 | 3,415,359 | ||
| PROPERTY AND EQUIPMENT, Net | 30,278 | 18,770 | ||
| INTERNAL-USE SOFTWARE, Net | 157,857 | 129,805 | ||
| OTHER ACCETS | ||||
| OTHER ASSETS Prepaid Incremental Franchise Costs, Noncurrent Portion | 3,034,623 | 2,464,230 | ||
| Operating Right-of-Use Asset, Net | 164,045 | 2,404,230 | ||
| Deposits | 5,398 | 5,148 | ||
| Deferred Tax Asset | 0,000 -</u |
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 total assets increased from 2023 to 2024. In 2023, total assets amounted to $6,192,164, while in 2024, they totaled $7,725,769. This represents a net increase of $1,533,605 in total assets for Expense Reduction Analysts during this period.
This increase in total assets reflects a positive financial trend for Expense Reduction Analysts, potentially indicating growth and improved financial stability. For a prospective franchisee, this could be a reassuring sign, suggesting that the company is managing its resources effectively and experiencing overall financial health. A strong asset base can provide Expense Reduction Analysts with greater financial flexibility and the ability to invest in further expansion or support for its franchisees.
It's important to note that while an increase in total assets is generally a positive indicator, prospective franchisees should also consider the composition of these assets. Understanding the types of assets (e.g., cash, accounts receivable, intangible assets) and their relative proportions can provide a more comprehensive view of the company's financial strength and risk profile. Additionally, comparing these figures to previous years and industry benchmarks can offer further insights into Expense Reduction Analysts' financial performance and competitive positioning.