What was the total value of Learningrx's assets in 2022?
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 company's total assets in 2022 amounted to $1,263,576. This figure represents the sum of Learningrx's current assets, property and equipment, and other noncurrent assets as of September 30, 2022. Understanding the composition and value of a franchisor's assets can provide potential franchisees with insights into the financial stability and overall health of the company. A higher asset value can indicate a stronger financial foundation, which may translate to better support and resources for franchisees.
Specifically, Learningrx's assets included $534,941 in cash and cash equivalents, $246,972 in accounts receivable (net of allowance), $1,635 in prepaid expenses, $24,158 in deferred income tax assets, $3,289 in equipment and software (net), $162,723 in deferred income taxes, and $289,858 in right-of-use assets. These assets reflect the resources Learningrx utilizes to conduct its operations and support its franchise network. Monitoring these figures over time can reveal trends in the company's financial management and investment strategies.
Prospective franchisees should consider the asset composition in conjunction with Learningrx's liabilities and equity to gain a comprehensive understanding of the company's financial position. While a substantial asset base is generally favorable, it's crucial to assess how these assets are financed and whether the company maintains a healthy balance sheet. Reviewing the independent auditor's report and financial statements, as included in the FDD, can provide further assurance regarding the accuracy and reliability of the reported asset values. Consulting with a financial advisor is recommended to fully interpret the financial implications for your investment decision.