What was the total stockholders' equity for Learningrx as of September 30, 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 | ||
| 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 company's total stockholders' equity as of September 30, 2023, was $823,206. This figure represents the net worth of Learningrx from the perspective of its stockholders, calculated by subtracting total liabilities from total assets. It comprises common stock valued at $50,000 and retained earnings of $773,206.
For a prospective Learningrx franchisee, this information provides insight into the financial stability and structure of the company. A higher stockholders' equity generally indicates a stronger financial position, suggesting that Learningrx has a solid foundation of assets relative to its liabilities. This can be a positive indicator for franchisees, as it implies that Learningrx is well-capitalized and has the financial resources to support its franchise system.
However, it's important to consider this figure in conjunction with other financial metrics and industry benchmarks. While a healthy stockholders' equity is a good sign, franchisees should also evaluate Learningrx's revenue trends, profitability, and cash flow to get a comprehensive understanding of its financial performance. Additionally, comparing Learningrx's stockholders' equity to that of other franchise companies in the same industry can provide valuable context.
Ultimately, understanding Learningrx's financial health is crucial for prospective franchisees, as it can impact the level of support and resources they receive from the franchisor. By carefully analyzing the financial statements and seeking professional advice, franchisees can make informed decisions about whether to invest in a Learningrx franchise.