What was the reported net value of Learningrx's equipment and software in 2023?
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 |
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 equipment and software was $2,432 in 2023. This figure is part of the company's balance sheet, reflecting the depreciated value of these assets. The 2022 value was $3,289.
For a prospective franchisee, this indicates the level of investment Learningrx itself has in its own equipment and software. It is important to note that this figure represents the franchisor's assets, not the investment a franchisee would need to make in their own center.
Franchisees should review the initial investment costs outlined in Item 7 of the FDD to understand the expenses associated with acquiring necessary equipment and software for their own Learningrx center. It would be prudent to inquire with Learningrx about the specific types of equipment and software included in this valuation to understand what is essential for operating a franchise.