factual

What was the total amount the Itan Company paid for expenses on behalf of KHI during 2024?

Q: What was the total amount the Itan Company paid for expenses on behalf of KHI during 2024?

\$3,133 for rent and common area maintenance. Lease expense for the years ended December 31, 2024 and 2023 was \$37,022 and \$35,933, respectively. ## NOTE 5 RELATED PARTY TRANSACTIONS Kharsa Holdings, Inc. ("KHI") Source: Item 23 — RECEIPT (FDD pages 44–190)

Itan Franchise · 2025 FDD

Answer from 2025 FDD Document

$3,133 for rent and common area maintenance.

Lease expense for the years ended December 31, 2024 and 2023 was $37,022 and $35,933, respectively.

NOTE 5 RELATED PARTY TRANSACTIONS

Kharsa Holdings, Inc. ("KHI")

Source: Item 23 — RECEIPT (FDD pages 44–190)

What This Means (2025 FDD)

According to Itan's 2025 Franchise Disclosure Document, during the year ended December 31, 2024, Itan paid $0 for expenses on behalf of KHI (Kharsa Holdings, Inc.).

It is important to note that KHI is identified as a related party under common control of Itan's owner. These related-party transactions are disclosed to provide transparency into the financial relationships between Itan and its affiliates.

Prospective franchisees should be aware of these related-party transactions and how they might affect Itan's financial performance. Understanding the nature and extent of these transactions can help franchisees assess the overall financial stability and potential risks associated with investing in an Itan franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.

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