As of what date was the training and resource platform fully amortized by Focus Cfo?

According to Focus Cfo's 2025 Franchise Disclosure Document, the company implemented a new training and resource platform in 2019 for its franchisees. Focus Cfo considered the platform to have a useful life of three years. As a result, the platform was fully amortized as of December 31, 2022.

For a prospective franchisee, this information provides insight into Focus Cfo's investment in its training infrastructure and how the company accounts for these assets. The fact that the platform was fully amortized by the end of 2022 suggests that Focus Cfo may have been using it for longer than its initially estimated useful life.

It is important to note that amortization is an accounting method of spreading the cost of an intangible asset over its useful life. The full amortization of the training platform does not necessarily mean that the platform is no longer in use or that it has no value. Focus Cfo may still be using the platform and benefiting from it, even though its cost has been fully expensed for accounting purposes.