What was the total amount spent on technology by Learningrx in 2023?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
owed the Corporation $100,000. During 2022, Management deemed the receivable to be uncollectible. Beginning April 1, 2020, Oikonomos Enterprises, LLC replaced the Partnership as sole owner of the Corporation's parent company.
The following is a schedule of the amounts paid to the Parent company during the years ended September
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the company's expenses for technology in 2023 totaled $175,000. This figure is part of a broader category of 'Franchise System Expenses'.
Technology expenses represent Learningrx's investment in maintaining and improving its technological infrastructure. These costs can include software, hardware, IT support, and other technology-related services necessary for the franchise system's operation. Franchisees benefit from these investments through access to updated systems and tools that enhance service delivery and operational efficiency.
It is important to note that while Learningrx spent $175,000 on technology in 2023, this amount decreased to $120,000 in 2024. Prospective franchisees should inquire about the reasons for this decrease and how it might affect the technology resources available to them.