What was the total value of 'Noncontrolling Interests' for Expense Reduction Analysts as of December 31, 2023?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
| | |
| Adjustment Attributable to the Noncontrolling | | | | Interest in Subsidiaries | (8,779) | (10,833) | | NET INCOME ATTRIBUTABLE TO | 3 3332612 | 445.000 | | EXPENSE REDUCTION ANALYSTS, INC. | $ 1,142,947 | $ 145,953 |
| Commo | n Stock | Additional Paid-In | Retained Earnings (Accumulated | Noncontrolling | Av | |
|---|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit) | Interests | Total | |
| BALANCE - DECEMBER 31, 2021 | 18,777,777 | $ 18,778 | $ 4,209,422 | $ (114,485) | $ 15,216 | $ 4,128,931 |
| (as previously stated) | ||||||
| Correction of an Error (Note 12) | - | 60,400 | 14 | 60,400 | ||
| BALANCE - DECEMBER 31, 2021 (restated) | 18,777,777 | 18,778 | 4,209,422 | (54,085) | 15,216 | 4,189,331 |
| Net Income (as previously stated) | - 3 | 105,119 | 10,833 | 115,952 | ||
| Correction of an Error (Note 12) | 40,834 | 40,834 | ||||
| BALANCE - DECEMBER 31, 2022 (restated) | 18,777,777 | 18,778 | 4,209,422 | 91,868 | 26 |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the value of Noncontrolling Interests as of December 31, 2023, was $32,360. This figure represents the portion of equity in Expense Reduction Analysts' subsidiaries that is not attributable to the parent company, Expense Reduction Analysts, Inc.
For a prospective franchisee, understanding noncontrolling interests is crucial for assessing the overall financial health and structure of Expense Reduction Analysts. It indicates that Expense Reduction Analysts has ownership in other entities, but not full control. The noncontrolling interest reflects the outside ownership stake in those subsidiaries.
The balance sheet provides a snapshot of Expense Reduction Analysts' assets, liabilities, and equity at a specific point in time. Reviewing these consolidated financial statements, including the noncontrolling interests, helps potential franchisees evaluate the financial stability and potential risks associated with investing in an Expense Reduction Analysts franchise. It's also important to note that these figures are audited by an independent auditor, CliftonLarsonAllen LLP, adding a layer of credibility to the reported financials.