What were the amounts of funds advanced by Healthsource Chiropractic to Octalean LLC in 2022, 2023, and 2024?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
| Cash and cash equivalents Restricted cash - National Ad Fund | $ 2024 928,457 390,531 | $ 2023 1,333,067 185,868 | $ 2022 1,286,680 32,895 |
|---|---|---|---|
| Total cash, cash equivalent, and restricted cash | $ 1,318,988 | $ 1,518,935 | $ 1,319,575 |
Amounts included in restricted cash represent those required to be accounted for separately from other funds and are to be used for advertising, promotional, marketing and related administrative expenses.
NOTE C – ACCOUNTS RECEIVABLE - TRADE:
Accounts receivable consist of amounts due the Company from the sales of chiropractic franchises, regional developer agreements, royalties, franchise termination fees, and related support services. Accounts receivable at December 31, 2024, 2023 and 2022 consist of the following:
| Franchise and regional developer sales | $ | 32,000 | $
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, funds were advanced to Octalean LLC, which is indirectly 100% owned by the majority owners of HealthSource Chiropractic, LLC. These advances are non-interest bearing. In 2022, Healthsource Chiropractic advanced $0 to Octalean LLC. In 2023, the company advanced $408. In 2024, Healthsource Chiropractic advanced $3,017 to Octalean LLC.