What was the amount of Learningrx's federal current income taxes for 2023?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
| Income | ||
|---|---|---|
| Royalty fees | $ 1 ,192,359 | $ 1 ,192,063 |
| Initial franchise fees | 114,551 | 162,286 |
| Area development fees | 9,769 | 6,200 |
| Technology and training fees | 113,401 | 112,854 |
| Transfer fees | 24,500 | - |
| Renewal fees | 7,000 | 7,000 |
| Materials fees | 15,888 | 16,479 |
| Marketing fees | 73,535 | 17,418 |
| Interest and other income | 20,726 | 5,295 |
| Total Income | 1,571,729 | 1,519,595 |
| Expenses | ||
| Bad debt | 29,764 | - |
| Depreciation | 898 | 898 |
| Franchise system expenses | 615,225 | 564,949 |
| Marketing and development | 50,212 | 34,373 |
| Outside consultants | 104,033 | 105,341 |
| Overhead | 79,864 | 133,279 |
| Professional fees | 67,938 | 90,734 |
| Rent | 60,000 | 80,000 |
| Research and development | 24,000 | 39,138 |
| Sales expenses | 246,224 | 268,100 |
| Technology | 124,023 | 184,121 |
| Total Expenses | 1,402,181 | 1,500,933 |
| Net Income Before Income Taxes | 169,548 | 18,662 |
| Income Ta |
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the company's federal current income taxes for the year 2023 were $3,961.
This figure reflects the actual income taxes Learningrx paid to the federal government during that year. It's important to note that this is the 'current' tax liability, meaning the taxes due for that specific period, calculated using the cash basis of accounting.
Prospective franchisees should understand that this figure is specific to Learningrx's financial situation and tax strategy. It can fluctuate from year to year based on profitability, tax law changes, and other factors. Reviewing Learningrx's tax history can provide insights into their financial management, but it's not necessarily indicative of a franchisee's future tax obligations.