What was the total amount of liabilities and stockholders' equity for Expense Reduction Analysts in 2023?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
s | | 5,148 | | 5,148 | | Deferred Tax Asset | | 29,195 | | 155,408 | | Intangible Assets, Net | | 5,640,216 | | 5,640,216 | | Total Other Assets | | 8,357,318 | | 7,837,724 | | Total Assets | S | 11,921,252 | s | 10,518,455 |
| 2023 | 9 | (restated) 2022 | ||
|---|---|---|---|---|
| LIABILITIES AND STOCKHOLDERS' EQUITY | 9 | |||
| CURRENT LIABILITIES | ||||
| Accounts Payable | $ | 408,147 | $ | 344,211 |
| Current Operating Lease Liability | 52,913 | 60,680 | ||
| Note Payable, Current Portion | 145,650 | 428,250 | ||
| Accrued Expenses | 257,859 | 115,928 | ||
| Training Fees Payable | 108,000 | 66,250 | ||
| Due to Related Parties | 1,090,094 | 612,319 | ||
| Due to Franchisees | 56,163 | 37,906 | ||
| Deferred Revenue | 537,236 | 447,970 | ||
| Income Tax Payable | 52,831 | |||
| Total Current Liabilities | 2,656,062 | 2,166,345 | ||
| LONG-TERM LIABILITIES | ||||
| Note Payable, Noncurrent Portion | 145,650 | |||
| Noncurrent Operating Lease Liability | 166,285 | |||
| Deferred Revenue, Noncurrent Portion | 3,170,631 | 2,674,961 | ||
| Payable to Related Party | 430,431 | 1,185,382 | ||
| Total Long-Term Liabilities | - | 3,767,347 | Ŷ. | 4,005,993 |
| Total Liabilities | 6,423,409 | 6,172,338 | ||
| STOCKHOLDERS' EQUITY | ||||
| Common Stock - Par Value $0.001 per Share; 100,000,000 Shares | ||||
| Authorized; |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the total liabilities and stockholders' equity in 2023 was $11,921,252. This figure represents the sum of all the company's debts to creditors and the value of the shareholders' stake in the company. It is a fundamental accounting equation (Assets = Liabilities + Equity) and provides a snapshot of the company's financial health at the end of the year.
Breaking down the components, total liabilities for Expense Reduction Analysts in 2023 amounted to $6,423,409. These liabilities include both current liabilities, which are debts due within one year, and long-term liabilities, which extend beyond one year. Stockholders' equity, representing the owners' stake in the company, totaled $5,497,843. This includes common stock, additional paid-in capital, and retained earnings (or accumulated deficit).
For a prospective franchisee, this information is useful for assessing the financial stability and solvency of Expense Reduction Analysts. A high level of liabilities compared to equity might indicate higher financial risk, while a healthy level of equity suggests a strong financial foundation. Reviewing these figures over time, as the FDD provides for 2022 as well, can reveal trends in the company's financial performance and capital structure. It is important to note that these figures are part of the consolidated financial statements, which include the accounts of Expense Reduction Analysts, Inc. and its subsidiaries.