How much cash was paid for taxes by Learningrx in 2022?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
--------------------|------|---------|---|------|----------| | Net Income (Loss) | | 7,181 | - | | (55,041) | | Retained Earnings, End of Year | $ | 773,206 | _ | $ | 766,025 |
LearningRx Franchise Corporation Statements of Cash Flows For the Years Ended September 30, 2023 and 2022
| 2023 | 2022 | ||
|---|---|---|---|
| Cash Flows from Operating Activities | |||
| Net income (loss) | $ | 7,181 | $ (55,041) |
| Depreciation | 898 | 898 | |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | 3,437 | 65,400 | |
| Prepaid expenses | 1,635 | - | |
| Due from related parties | - | 100,000 | |
| Deferred income tax asset | 11,350 | 4,466 | |
| Accounts payable | 5,871 | (22,734) | |
| Liability for marketing and development | 14,328 | 39,180 | |
| Deferred franchise fee revenue | (28,000) | 28,000 | |
| Net Cash Provided by Operations | 16,700 | 160,169 | |
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the amount of cash paid for taxes in 2022 was $744. This information is derived from the statement of cash flows, which outlines the movement of cash both into and out of the company during the specified period. For prospective franchisees, this figure provides a glimpse into Learningrx's tax obligations and cash management practices.
The cash flow statement offers insights into Learningrx's financial health by detailing where the company's money is coming from and how it is being spent. In this case, the $744 paid for taxes represents a cash outflow, indicating a portion of Learningrx's financial resources being allocated to meet its tax liabilities.
It's important to note that this figure reflects only the cash paid for taxes during the year and does not represent the total tax expense, which may include deferred taxes or other non-cash adjustments. Reviewing Learningrx's complete financial statements, including the income statement and balance sheet, would provide a more comprehensive understanding of the company's tax position and overall financial performance.