During which years were Gold Star's long-lived assets measured for impairment, and were any adjustments necessary?

According to Gold Star's 2025 Franchise Disclosure Document, long-lived assets were assessed for impairment during the years ended December 31, 2024, 2023, and 2022. These assets, which are held and used by Gold Star, are tested for recoverability whenever events or changes in circumstances suggest that their carrying amount may not be recoverable.

The document states that after measuring for impairment during these years, no adjustments were deemed necessary. This indicates that the value of Gold Star's long-lived assets was not significantly diminished during this period, and their recorded value on the balance sheet remained appropriate.

In the context of franchising, this information is relevant to prospective franchisees as it provides insight into the financial management and asset valuation practices of Gold Star. The consistent assessment and lack of necessary adjustments suggest a stable approach to asset management. Franchisees may want to inquire about the specific criteria and processes Gold Star uses to determine impairment to better understand the company's financial oversight.