According to Ledgers' 2025 Franchise Disclosure Document, the expense (benefit) from income taxes in 2022 was $ (153,000). This figure reflects the overall impact of income taxes on Ledgers' financial performance for that year. The amount is presented as a benefit, indicated by the parentheses, meaning it reduced the company's tax liability.

Deferred tax benefits arise from temporary differences between the book value of assets and liabilities and their tax bases. These differences can result from items such as net operating losses carried forward, which can be used to offset future taxable income. The deferred tax benefit is the estimated future tax reduction resulting from these deductible temporary differences.

For a prospective Ledgers franchisee, understanding these figures is crucial for assessing the financial health and tax strategies of the company. A significant deferred tax benefit can indicate that the company has experienced losses in the past but has the potential to reduce its future tax obligations, which could improve its profitability. However, it's important to consider the factors that could affect the realization of these benefits, such as changes in tax laws or the company's future financial performance.

It is important to note that the benefit from income taxes is a non-cash item, meaning it does not represent an actual cash inflow. Instead, it reflects an accounting adjustment that reduces the company's net loss. Franchisees should consult with a financial advisor to fully understand the implications of deferred tax benefits and how they may impact the company's overall financial position.