What is the amount of royalty receivables for Ledgers in 2022?
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 matte
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the royalty receivables for 2022 is not listed. The table provided in Item 22 shows a dash (-) in place of a numerical value for royalty receivables in 2022. This could indicate that the amount was zero, negligible, or not tracked during that period.
It is important to note that Ledgers "Royalty receivables are stated at the amount management expects to collect from balances outstanding at year-end." Management determined there was no allowance for credit losses related to royalty receivables as of December 31, 2024, 2023, and 2022.
A prospective franchisee should seek clarification from Ledgers regarding the specific reason for the missing royalty receivables figure for 2022. Understanding the historical trends in royalty receivables can help a franchisee assess the financial stability and revenue collection efficiency of the franchise system.