What was the net value of intangible assets for Focalpoint Coaching in 2023?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
om companies affiliated through common ownership totaling $465,051 and $303,083, respectively. There are no specific repayment terms or interest noted.
Included in general and administrative expenses for the year ended December 31, 2024 and 2023 are amounts paid as management fees to companies affiliated through common ownership totaling $1,263,161 and $1,004,506, respectively. Management fees are charged to the Company by a related party entity that are affiliates by common ownership and management, FocalPoint International, Inc., along with unrelated third-party advisors.
Note 3.
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, Note 3 discusses intangible assets, stating that trademarks are carried at cost less accumulated amortization and are reviewed for impairment at least annually. Trademarks are amortized over a 15-year useful life.
However, the document does not provide the specific net value of intangible assets (i.e., trademarks) for the year ended December 31, 2023.
A prospective franchisee should inquire with Focalpoint Coaching about the net value of intangible assets, specifically trademarks, for both 2023 and 2024 to understand how these assets are valued and amortized, and to assess their potential impact on the company's financial position.