With whom has Ledgers entered into a new strategic relationship in 2025?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
CES, LLC (FORMERLY FIDE HOLDING, LLC) Notes to Financial Statement
NOTE 9 - PRIOR PERIOD ADJUSTMENT (Continued)
The effect of these restatement is to decrease members' equity as of January 1 as follows:
| Previously | As | |
|---|---|---|
| 2023 Restatement | Reported | Restated |
| Members' equity - January 1, 2024 | $1,374,619 | $1,155,501 |
| Notes Receivable | 792,878 | 40,760 |
| Deferred Revenue | 680,989 | 147,989 |
| Bad Debt Expense | 75,206 | 294,324 |
| Net loss | (287,482) | (506,600) |
NOTE 10 - GOING CONCERN CONSIDERATIONS
As of December 31, 2024, the Company had negative working capital of $468,670. For the year ended December 31, 2024, the Company had operating losses of $490,281 and negative operating cash flows of $471,328. Ma
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, Ledgers entered into a new strategic relationship with Bookkeeping Express in 2025. This relationship is expected to generate new franchisee referrals for Ledgers.
This strategic move is part of Ledgers' efforts to address financial challenges. As of December 31, 2024, the company had a negative working capital of $468,670 and had operating losses of $490,281 with negative operating cash flows of $471,328 for the year.
Ledgers' management has implemented strategic measures to reduce personnel costs and maintain a cash reserve of $250,000. These measures, along with the new relationship with Bookkeeping Express and forecasted results for 2025, are intended to ensure that Ledgers meets its liquidity needs within one year from when the financial statements were issued.