What was the total amount of Other Assets for Hyper Kidz as of June 19, 2024?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| TOTAL | |
|---|---|
| ASSETS | |
| Other Assets | |
| 12300 - Accumulated Amortization | -1,253.25 |
| 15000 - Organizational Costs | 0.00 |
| 15010 - Start Up Costs | 0.00 |
| Total Other Assets | $ -1,253.25 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, the total Other Assets as of June 19, 2024, were $$-1,253.25. This figure is derived from the sum of 'Accumulated Amortization' which is reported as -1,253.25, 'Organizational Costs' which is 0.00, and 'Start Up Costs' which is 0.00.
For a prospective Hyper Kidz franchisee, this indicates a slightly negative value in the 'Other Assets' category. 'Accumulated Amortization' typically represents the reduction in value of an asset over time, while 'Organizational Costs' and 'Start Up Costs' reflect initial expenses. The negative value suggests that the accumulated amortization exceeds the initial organizational and start-up costs recognized on the balance sheet.
It's important to note that this is a snapshot of Hyper Kidz's financial position on a specific date. Franchisees should review the complete financial statements and consult with a financial advisor to understand the implications of these figures in the context of the overall business performance and financial health of the franchise.