What was the noncash lease expense for Monicals Pizza in 2022?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31, 2023 and 2022: | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Finance lease expense: | |||
| Amortization of right-of-use assets | $ 378,130 | $ 219,501 | |
| Interest on lease liabilities | 34,864 | 16,152 | |
| O perating lease expense | 906,435 | 900,379 | |
| Total lease expense | $ 1,319,429 | $ 1,136,032 |
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the total lease expense was $1,136,032 in 2022. This total includes several components: amortization of right-of-use assets, interest on lease liabilities, and operating lease expense.
Specifically, the amortization of right-of-use assets, which represents the non-cash portion of the lease expense, was $219,501 in 2022. This figure reflects the expense recognized over the lease term for the right to use leased assets, such as restaurant buildings and vehicles.
The operating lease expense for Monicals Pizza was $900,379 in 2022. Additionally, the interest on lease liabilities was $16,152 for the same year. These figures, combined with the amortization of right-of-use assets, provide a comprehensive view of Monicals Pizza's leasing costs.