What was the amount of amortization of right of use asset for Kidokinetics in 2022?

According to Kidokinetics's 2024 Franchise Disclosure Document, the amortization of the right of use asset in 2022 was $53,741. This figure is part of the adjustments made to reconcile the net loss to the net cash used in operating activities.

The right of use asset relates to Kidokinetics's lease agreement for office space, which they entered into during the year ended December 31, 2021. The lease expires in 2024, with an option to renew. Kidokinetics adopted ASC 842 on January 1, 2022, which is why there were no right of use assets or operating lease liabilities listed as of December 31, 2021.

For a prospective franchisee, understanding the amortization of right of use assets is crucial because it reflects the expense recognized for using a leased asset over its lease term. This expense impacts the net income and cash flow from operating activities, which are key indicators of the company's financial health. Monitoring these figures over the years can show how Kidokinetics manages its assets and liabilities, and how this management impacts its overall financial performance.