What was the value of Kidokinetics' leasehold improvements before accumulated depreciation in the financial statements?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
hold improvements:
| Leasehold improvements | $ | 61,427 | $ 61,427 | $ | 56,987 | |
|---|---|---|---|---|---|---|
| Less: accumulated depreciation | (24,700) | (13,300 | (1,900) | |||
| $ | 36,727 | $ 48,1 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, the company's leasehold improvements, before accumulated depreciation, were valued at $61,427 in 2023, $61,427 in 2022, and $56,987 in 2021. Leasehold improvements refer to the costs associated with improvements made to leased properties. These are typically capital expenditures that enhance the value or utility of the leased space.
For a prospective Kidokinetics franchisee, understanding the value of leasehold improvements is important for assessing the company's capital investments over the past three years. These figures reflect the initial investment in improving leased spaces before accounting for depreciation, which is the reduction in value over time.
Tracking leasehold improvements and their depreciation helps in understanding the net value of these assets on Kidokinetics' balance sheet. It also provides insight into how the company manages its physical assets and investments in its operational spaces. Reviewing these figures in conjunction with other financial data can offer a more comprehensive view of the company's financial health and investment strategies.