What was the total value of Learningrx's accounts receivable, net of allowance, 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 2
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the company's accounts receivable, net of allowance, totaled $243,535 in 2023. The allowance for doubtful accounts, which reduces the gross accounts receivable to reflect the amount Learningrx expects to actually collect, was $23,629 in 2023.
Accounts receivable represents money owed to Learningrx by its customers (franchisees) for services rendered or products sold on credit. The 'net of allowance' figure is a more conservative and realistic valuation of what Learningrx expects to receive. This figure is important because it reflects the actual amount of money Learningrx anticipates collecting from its franchisees, after accounting for potential uncollectible amounts.
Prospective franchisees should consider the accounts receivable trends and the allowance for doubtful accounts when evaluating Learningrx's financial health. A high or increasing allowance for doubtful accounts could indicate potential issues with franchisees' ability to pay or with Learningrx's credit policies. Reviewing these figures over several years, as presented in the table, can provide a better understanding of the financial stability of Learningrx.