What was the amount of Ledgers' accounts receivable from Loyalty Franchising as of December 31, 2023?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
ssified to conform to the current year presentation.
Subsequent Events
The Company has evaluated events and transactions for potential recognition or disclosure through April 28, 2025, which is the date the financial statements were available to be issued.
NOTE 2 - RELATED PARTY TRANSACTIONS
During the ordinary course of business, the Company enters into certain transactions with related parties substantially due to short term advances and cost reimbursements. The Company had related party transactions reco
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the accounts receivable from Loyalty Franchising was $15,000 as of December 31, 2023. This amount reflects what was owed to Ledgers by Loyalty Franchising at the end of that fiscal year.
Accounts receivable represent money owed to a business by its customers for goods or services provided on credit. In this case, it indicates that Loyalty Franchising had an outstanding balance of $15,000 to Ledgers as of the specified date.
For a prospective Ledgers franchisee, this information provides a glimpse into the financial interactions between Ledgers and one of its related entities. While a relatively small amount, it demonstrates the existence of financial transactions and potential credit arrangements within the Ledgers franchise system.