What was the total amount of income taxes, including current and deferred, for Learningrx in 2022?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | |||
|---|---|---|---|
| Franchise System Expenses | $ 540,000 | $ 461,000 | |
| Overhead | 120,000 | 196,000 | |
| Research and development costs | 24,000 | 42,000 | |
| Sales | 96,000 | 106,000 | |
| Technology | 120,000 | 175,000 | |
| Total | $ 900,000 | $ |
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the total income taxes, including both current and deferred, for the company in 2022 was $4,425. This figure represents the sum of federal and state current income taxes, as well as federal and state deferred taxes.
Specifically, the current federal income taxes were $5,353, while the current state income taxes showed a credit of ($2,886). The deferred state income taxes were $1,958, but there is no figure provided for federal deferred taxes for 2022. The total income tax figure of $4,425 represents the net effect of these various tax components on Learningrx's financial position for that year.
For a prospective Learningrx franchisee, understanding these figures is crucial for assessing the financial health and stability of the franchisor. It provides insight into how Learningrx manages its tax obligations and the potential impact of taxes on its overall profitability. While this is a historical figure, it can be used to project potential future tax liabilities and their effect on the franchisor's financial performance. A significant change in this figure from year to year could signal changes in profitability, tax strategies, or accounting practices that a franchisee should investigate further.