What was the reported federal current income tax for Learningrx in 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 Tax (Expense) | (240) | (11,481) | | Net Income | $ 169,308 | $ 7,181 | The provision for income taxes consists o
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the reported federal current income tax for the company in 2023 was $3,961. This figure reflects the amount Learningrx paid in federal income taxes during that year.
For a prospective franchisee, understanding Learningrx's tax obligations can provide insight into the financial health and stability of the company. While franchisees are responsible for their own business taxes, the franchisor's financial performance can indirectly impact the brand's reputation and overall success.
Reviewing the franchisor's tax history over several years, as presented in the FDD, can reveal trends and potential fluctuations in profitability. This information, combined with other financial data in the FDD, helps potential franchisees assess the financial risks and opportunities associated with investing in a Learningrx franchise.