What was the reported amortization of right-of-use assets for Monicals Pizza in 2024?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
Right-of-use assets are assessed for impairment in accordance with the Company's long-lived asset policy. The Company reassesses lease classification and remeasures right-of-use assets and lease liabilities when a lease is modified and that modification is not accounted for as a separate new lease or upon certain other events that require reassessment.
Additional required disclosures for Topic 842 are contained in Note 6.
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
I am unable to provide the exact figure for the amortization of right-of-use assets for Monicals Pizza in 2024, as this specific financial data point is not present within the provided excerpts from the 2025 Franchise Disclosure Document. The excerpts do mention right-of-use assets and their assessment for impairment, but they do not include the actual amortization amount.
Item 23 of the FDD includes the consolidated financial statements of Monical Pizza Corporation. These statements are audited by Baker Tilly US, LLP. The auditor's report confirms that the financial statements present fairly the financial position of the company as of December 31, 2024 and 2023. However, the specific details, such as the amortization of right-of-use assets, are not detailed in the provided excerpts.
A prospective franchisee should review the complete 2025 FDD and specifically examine Note 6, which is referenced as containing additional required disclosures for Topic 842, to find the figure for amortization of right-of-use assets. If the information is not available in the FDD, the prospective franchisee should ask the franchisor directly for this information.