What is the total value of other assets, including accumulated amortization, for Hyper Kidz?
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 value of other assets, including accumulated amortization, is $-1,253.25 as of the financial statement provided. This figure includes accumulated amortization of $-1,253.25, with organizational and start-up costs listed as 0.00. This indicates that the company's other assets are entirely represented by a reduction in value due to amortization.
For a prospective Hyper Kidz franchisee, this information provides a snapshot of the company's asset management and accounting practices. Amortization is a standard accounting method used to gradually write off the initial cost of an asset over its useful life. The negative value indicates that the accumulated amortization has reduced the book value of these assets.
It is important to note that this figure represents the financial position of Boomerang Franchise, LLC, as of the date of the financial statement. Franchisees should consider this information in conjunction with other financial data and seek professional advice to fully understand the implications for their investment.