What was the amount of prepaid shared expenses Evolv had with the Itan company as of December 31, 2022?

According to Itan's 2025 Franchise Disclosure Document, as of December 31, 2022, Evolv had prepaid shared expenses in the amount of $779. This prepaid balance is included in due from related parties on the balance sheets.

This means that Evolv, a company under common control with Itan, had already paid $779 for shared expenses that Itan would later be responsible for. This could include expenses like rent, utilities, or marketing costs that are shared between the two entities. The fact that this is classified as "due from related parties" suggests that Itan would eventually need to reimburse Evolv for this amount.

For a prospective Itan franchisee, this information provides insight into the financial relationships between Itan and its related entities. While the amount is relatively small, it demonstrates that there are shared expenses and inter-company transactions that could potentially affect the financial performance of the franchise. It is important to understand these relationships and how they might impact the franchisee's own financial obligations and reporting.