What is the net change in total other 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 |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the total other assets increased from 2023 to 2024. In 2023, the total other assets were $8,357,318. By 2024, this figure had risen to $9,018,957. This represents a net increase of $661,639 in total other assets for Expense Reduction Analysts.
Other assets typically include items that are not easily classified as current assets, property, or intangible assets, such as prepaid expenses (non-current portion), operating right-of-use assets, deposits, deferred tax assets, and intangible assets. The increase in total other assets suggests that Expense Reduction Analysts has increased its investment in these types of assets, which could be due to various factors such as increased prepaid franchise costs, changes in operating leases, or fluctuations in deferred tax assets.
For a prospective franchisee, this information provides insight into the financial management and investment strategies of Expense Reduction Analysts. A significant change in asset allocation could reflect strategic shifts within the company. It is important to note that while an increase in assets can be a positive sign, franchisees should also consider the nature of these assets and how they contribute to the overall financial health and stability of the franchise system. Understanding the composition and changes in these assets can help potential franchisees assess the financial risks and opportunities associated with investing in an Expense Reduction Analysts franchise.