According to Ledgers' 2025 Franchise Disclosure Document, the company experienced an income tax benefit of $153,000 in 2022. This figure is reflected in the consolidated financial statements under Item 22, which outlines various financial metrics over the past three years. The income tax benefit contributes to the overall cash flow from operating activities.

Specifically, the $153,000 benefit is part of adjustments made to reconcile the net loss to net cash used in operating activities. This indicates that while Ledgers experienced a net loss of $447,527 in 2022, the income tax benefit partially offset this loss in the cash flow statement. This benefit arises from deferred tax assets, which are future tax benefits resulting from temporary differences between book and tax income, primarily related to net operating losses.

Prospective franchisees should understand that these figures reflect Ledgers' overall financial performance and tax strategy. The income tax benefit suggests that Ledgers was able to reduce its tax obligations due to past losses or other deductible items. While this is a positive aspect of the company's financial management, potential franchisees should also consider the net loss and other financial factors to gain a comprehensive understanding of the company's financial health. It is important to consult with a financial advisor to fully interpret these figures and their implications for the franchise opportunity.