What were the total assets for Expense Reduction Analysts in 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 company's total assets in 2024 were $13,575,375. This figure represents the sum of all current assets, property and equipment (net), internal-use software (net), and other assets held by Expense Reduction Analysts and its subsidiaries as of December 31, 2024.
Breaking down the asset composition, current assets totaled $4,368,283, including cash and cash equivalents of $2,213,765, accounts receivable (net) of $371,963, prepaid expenses of $82,365, prepaid incremental franchise costs of $475,881, prepaid taxes of $192,835, and amounts due from related parties totaling $1,031,474. Property and equipment, net of depreciation, was valued at $30,278, while internal-use software, net of amortization, was valued at $157,857.
Other assets accounted for a significant portion of the total, amounting to $9,018,957. This category includes prepaid incremental franchise costs (noncurrent portion) of $3,034,623, an operating right-of-use asset (net) of $164,045, deposits of $5,398, a deferred tax asset listed as $0, and intangible assets (net) of $5,814,891. These figures provide a snapshot of Expense Reduction Analysts' financial health and resource allocation as of the end of 2024.
A prospective franchisee should consider these asset figures in conjunction with the company's liabilities and equity to assess its overall financial stability and performance. Understanding the composition and valuation of these assets can offer insights into Expense Reduction Analysts' investment in its operations, technology, and franchise network, which could impact the support and resources available to new franchisees.