What was the total value of Face Foundrie's intangible assets, net, in 2022?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Assets | |||
| Current assets | |||
| Cash and cash equivalents | $ 3,480,620 | $ 1,969,123 | $ 1,611,868 |
| Accounts receivable, net | 424,770 | 96,311 | 101,020 |
| Prepaid expenses | 8,530 | 17,976 | - |
| Related party note receivable | 750,000 | 750,000 | 130,986 |
| Deferred contract costs | - | 30,000 | 34,000 |
| Other current assets | - | 29,383 | 73,451 |
| Total current assets | 4,663,920 | 2,892,793 | 1,951,325 |
| Non-current assets | |||
| Operating lease right-of-use asset | 331,322 | 366,840 | 400,209 |
| Equipment, net | 8,039 | 5,030 | 6,577 |
| Intangible assets, net | 41,404 | 53,872 | 42,340 |
| Total non-current assets | 380,765 | 425,742 | 449,126 |
| Total assets | $ 5,044,685 | $ 3,318,535 | $ 2,400,451 |
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the company's intangible assets, net, totaled $42,340 in 2022. This figure represents the value of assets that are not physical, such as software, after accounting for accumulated amortization.
For a prospective franchisee, understanding the value of intangible assets can provide insight into the company's investments in areas like software and technology. These assets can be crucial for efficient operations and service delivery. The intangible assets are subject to amortization, which is the process of gradually writing off the initial cost of an asset.
It's important to note that the value of intangible assets can fluctuate and may not always reflect the overall financial health of the franchise. Franchisees should consider these figures in conjunction with other financial data, such as revenue and expenses, to gain a comprehensive understanding of Face Foundrie's financial position.