What was the net value of Learningrx's equipment and software in 2022?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Springfield, Missouri
January 3, 2024
LearningRx Franchise Corporation Balance Sheets As of September 30, 2023 and 2022
Assets
| 2023 | 2022 | |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents Accounts receivable, net of allowance of | $ 551,641 | $ 534,941 |
| $23,629 in 2023 and $46,075 in 2022 | 243,535 | 246,972 |
| Prepaid expenses | 1,635 | |
| Deferred income tax asset | 19,663 | 24,158 |
| Total Current Assets | 814,839 | 807,706 |
| Property and Equipment | ||
| Equipment and software, net | 2,432 | 3,289 |
| Net Property and Equipment | 2,432 | 3,289 |
| Other Noncurrent Assets | ||
| Deferred income taxes | 155,827 | 162,723 |
| Right-of-use assets | 220,053 | 289,858 |
| Net Other Noncurrent Assets | 375,880 | 452,581 |
| Total Assets | $ 1,193,151 | $ 1,263,576 |
| Liabilities And Stockhol | lders' Equity | |
| Current Liabilities | ||
| Accounts payable | 5,871 | • |
| Liability for marketing and development funds | 144,019 | 129,692 |
| Deferred franchise fee revenue | 28,000 | |
| Current portion of lease liability | 66,452 | 69,805 |
| Total Current Liabilities | 216,342 | 227,497 |
| Long-term lease liability | 153,601 | 220,053 |
| Total Liabilities | 369,94 |
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the net value of its equipment and software in 2022 was $3,289. This figure represents the depreciated value of all equipment and software owned by Learningrx as of September 30, 2022. It is a component of the company's total assets, reflecting the investment in resources used for operations.
For a prospective franchisee, this number provides insight into the scale of Learningrx's corporate-level investments in technology and physical assets. While franchisees will need to make their own investments in equipment and software, this figure reflects Learningrx's own capital expenditure in these areas. A higher number might suggest a greater commitment to technology and infrastructure, while a lower number could indicate a leaner approach.
It's important to note that this value is 'net,' meaning it accounts for depreciation. Depreciation is the reduction in the value of an asset over time due to wear and tear or obsolescence. Therefore, the original cost of the equipment and software would have been higher. Reviewing the company's balance sheets over several years can reveal trends in capital investment and depreciation management.
This information is part of the overall financial health assessment a potential franchisee should conduct. While a relatively small figure, it contributes to the broader picture of Learningrx's financial position and resource allocation. Franchisees should consider this in conjunction with other financial metrics and information provided in the FDD to make an informed decision.