What were the total assets for Expense Reduction Analysts in 2023?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
d scope and timing 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 18, 2024
| 2023 | (restated) 2022 | |||
|---|---|---|---|---|
| ASSETS | - | |||
| CURRENT ASSETS | ||||
| Cash and Cash Equivalents | $ | 1,251,718 | $ | 1,144,589 |
| Accounts Receivable, Net | 444,102 | 186,685 | ||
| Prepaid Expenses | 85,996 | 65,844 | ||
| Prepaid Incremental Franchise Costs | 393,234 | 309,426 | ||
| Prepaid Taxes | 235,161 | 10000 | ||
| Due from Related Parties | 1,005,148 | 857,412 | ||
| Total Current Assets | 3,415,359 | 2,563,956 | ||
| PROPERTY AND EQUIPMENT, Net | 18,770 | 15,541 | ||
| INTERNAL-USE SOFTWARE, Net | 129,805 | 101,234 | ||
| OTHER ASSETS | ||||
| Prepaid Incremental Franchise Costs, Noncurrent Portion | 2,464,230 | 1,977,024 | ||
| Operating Right-of-Use Asset, Net |
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 in 2023 amounted to $11,921,252. This figure represents the sum of all current assets, property and equipment, internal-use software, and other assets held by Expense Reduction Analysts and its subsidiaries as of December 31, 2023. Understanding the asset composition can provide insight into the financial health and resource allocation of the company.
Specifically, the current assets, which totaled $3,415,359, include cash and cash equivalents, accounts receivable, prepaid expenses, prepaid incremental franchise costs, prepaid taxes, and amounts due from related parties. Property and equipment, net of depreciation, were valued at $18,770, while internal-use software, net of amortization, was valued at $129,805. The remaining $8,357,318 is classified as other assets, comprising prepaid incremental franchise costs (noncurrent portion), operating right-of-use assets, deposits, deferred tax assets, and intangible assets.
For a prospective franchisee, this information is useful in assessing the financial stability and scale of Expense Reduction Analysts. A substantial asset base can indicate a company's ability to invest in franchisee support, technology, and brand development. However, it is also important to review the liabilities and equity sections of the balance sheet to gain a comprehensive understanding of the company's financial position and capital structure. Reviewing the trend in total assets from 2022 ($10,518,455) to 2023 ($11,921,252) shows an increase, which may indicate growth.