What is the amount of notes receivable, less current portion, for Ledgers in 2024?

According to Ledgers' 2025 Franchise Disclosure Document, the notes receivable, less current portion, for 2024 is not listed. The table provided in Item 22 shows that under the Non-Current Assets section, the value for 'Notes receivable, less current portion' is blank for 2024.

However, the FDD does provide information for other years. In 2023, the notes receivable, less current portion, was not specified, and in 2022, the amount was $634,000. Notes receivable generally represent money owed to Ledgers, often from financing agreements with area representatives and franchisees. The 'current portion' refers to the amount due within one year, while the 'less current portion' represents amounts due after one year.

A prospective franchisee should inquire with Ledgers about the absence of the 2024 figure and request clarification on the total amount of notes receivable, less the current portion, for that year to gain a clearer understanding of the company's financial position and the amounts due to them over longer terms.