What were the Itan dues and subscriptions expenses in 2024?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
le | 16,029 | 3,765 | | Accrued liabilities (note 7) | 63,191 | 47,595 | | Accrued taxes | 訓 | 60,182 | | Contract liabilities (note 8) | 103,500 | 115,000 | | Deferred tax liability (note 9) | 49,948 | 39,617 | | Note payable - current portion (note 10) | 17,413 | 15,038 | | | 250,081 | 281,197 | | LONG TERM LIABILITIES | | | | Note payable (note 10) | 39,561 | 56,974 | | TOTAL LIABILITIES | 289,642 | 338,171 | | STOCKHOLDER'S EQUITY | | | | Common stock (note 11) | 50,000 | 50,000 | | Additional paid in capital | 38,000 | 38,000 | | Accumulated earnings | 1,724,052 | 1,704,663 | | | 1,812,052 | 1,792,663 | | TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY | $ 2,101,694 | $ 2,130,834 |
| 2024 | · | 2023 | ||
|---|---|---|---|---|
| SALES | ||||
| Royalties | $ | 863,175 | $ | 746,395 |
| Membership and technology service fees | 32,676 | 22,788 | ||
| Franchise renewal fee | 1,000 | = |
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the company's dues and subscriptions expenses for 2024 were $8,507. This figure reflects the costs Itan incurred for memberships and subscriptions necessary for its operations during that year. For comparison, the expenses for dues and subscriptions in 2023 were $6,945.
As a prospective franchisee, it is important to understand what these dues and subscriptions cover. These expenses can include subscriptions to industry-related publications, memberships in professional organizations, or software subscriptions necessary for business operations. The increase from 2023 to 2024 could indicate expanded services or increased costs for existing subscriptions.
Understanding the nature of these expenses can help a franchisee better project their own potential operating costs. It is advisable for potential franchisees to inquire with Itan about the specific items included in this category to assess whether these costs are likely to change and how they might impact their profitability.