What was the total amount of stockholders' equity for Expense Reduction Analysts in 2022?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
| Previously Reported | Increase (Decrease) | Restated | |
|---|---|---|---|
| Total Stockholders' Equity, December 31, | |||
| 2022 | 4,244,883 | 101,234 | 4,346,117 |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the total stockholders' equity as of December 31, 2022, was $4,346,117. This figure reflects the company's net worth, representing the owners' stake in the business after deducting liabilities from assets.
It's important to note that the 2022 financial statements have been restated due to an error in accounting for capitalized software. This restatement increased the previously reported total stockholders' equity of $4,244,883 by $101,234 to arrive at the restated amount of $4,346,117.
For a prospective franchisee, this figure provides insight into the financial stability and overall health of Expense Reduction Analysts. A higher stockholders' equity generally indicates a stronger financial position, which can be reassuring for those considering investing in the franchise. Reviewing these figures over several years, if available, can reveal trends in the company's financial performance and stability.