What amount of Hyper Kidz's performance obligations were satisfied at a point in time during 2022?

According to Hyper Kidz's 2024 Franchise Disclosure Document, the company's performance obligations satisfied at a point in time during 2022 amounted to $11,473. This indicates the revenue recognized from services or goods delivered to franchisees at a specific moment, as opposed to over a period. Understanding the breakdown of revenue recognition is crucial for potential franchisees to assess the financial stability and revenue streams of Hyper Kidz.

In addition to the point-in-time revenue recognition, Hyper Kidz also recognizes revenue over a period. In 2022, $88,897 of revenue was recognized through the passage of time. This likely includes ongoing royalties or fees paid by franchisees over the term of their agreements. The total revenues for Hyper Kidz in 2022 amounted to $100,370, combining both point-in-time and passage-of-time recognitions.

Analyzing these figures helps prospective franchisees understand how Hyper Kidz generates its revenue and the relative importance of initial services versus ongoing fees. It's important to note that these figures reflect the franchisor's revenue, not the revenue of individual franchise locations. A potential franchisee should investigate further into the specific services that constitute point-in-time versus passage-of-time revenue recognition to fully understand the financial dynamics of the Hyper Kidz franchise model.