According to Ledgers' 2025 Franchise Disclosure Document, the gross deferred tax assets - state was $91,000 in 2022. This figure reflects the company's deferred tax assets specifically at the state level.

Deferred tax assets arise from temporary differences between the financial statement and tax bases of assets and liabilities. These assets represent future tax benefits that Ledgers expects to realize. The gross deferred tax assets - state indicates the total value of these expected future tax benefits related to state taxes before any valuation allowance.

For a prospective Ledgers franchisee, understanding these figures is crucial for assessing the financial health and tax strategies of the company. It provides insight into how Ledgers manages its tax obligations and leverages tax benefits, which can indirectly affect the overall profitability and stability of the franchise system. Reviewing these figures over several years, as presented in the table, can reveal trends and patterns in Ledgers' tax management practices.