What was the total value of Expense Reduction Analysts' assets 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 | ||
| PROPER |
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 assets are broken down into several categories. These include current assets, property and equipment, internal-use software, and other assets. Current assets consist of cash and cash equivalents, accounts receivable, prepaid expenses, prepaid incremental franchise costs, prepaid taxes, and due from related parties.
In 2024, Expense Reduction Analysts' current assets totaled $4,368,283. The net value of property and equipment was $30,278, and internal-use software was valued at $157,857. Other assets, specifically prepaid incremental franchise costs (noncurrent portion), amounted to $3,034,623.
To determine the total assets for Expense Reduction Analysts in 2024, these values would need to be summed. This calculation is not explicitly provided in the excerpt, but the individual components are listed. A prospective franchisee could use these figures to understand the composition of Expense Reduction Analysts' asset base and its financial structure.