What is the amount of notes receivable, current, for Ledgers in 2024?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
doubt about Loyalty Business Services, LLC's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Bernard Robinson & Company, I.S.P.
Raleigh, North Carolina April 28, 2025
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Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, the notes receivable, current, is not listed for 2024. The table provided in Item 22 lists the notes receivable, current, for 2023 as $40,760 and for 2022 as $229,901.
Notes receivable typically represent money owed to Ledgers by its franchisees or other parties. These notes are considered "current" when they are expected to be collected within one year. The absence of a listed value for 2024 could indicate a change in how Ledgers manages its financing or a difference in the structure of its franchise agreements during that year.
A prospective franchisee should inquire with Ledgers about the reason for the missing value in 2024. Understanding the trends in Ledgers's notes receivable can provide insight into the financial relationships between the franchisor and its franchisees, as well as the overall financial health of the franchise system. It would be prudent to ask Ledgers for clarification on this matter to gain a clearer picture of their financial practices.