What was the accumulated amortization for customer relationships intangibles for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
note, lease or obligation.
10. OTHER ASSETS
| Management and hotel services agreement and franchise agreement intangibles | 19 | $ 1,368 $ (290) $ 1,078 |
|---|---|---|
| Brand and other indefinite-lived intangibles — 806 — 806 | ||
| Customer relationships intangibles | 10 | 410 (153) 257 |
| Other intangibles | 10 | 35 (9) 26 |
| Total $ 2, |
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the accumulated amortization for customer relationship intangibles can be found within the Item 10 section, specifically under "OTHER ASSETS".
In 2023, the customer relationships intangibles were valued at $410, with accumulated amortization of $153, resulting in a net value of $257. In 2022, the customer relationships intangibles were valued at $620, with accumulated amortization of $243, resulting in a net value of $377.
For a prospective franchisee, this information provides insight into how The Standardx values and amortizes its intangible assets related to customer relationships. Understanding these accounting practices can help franchisees assess the financial health and valuation methods employed by the franchisor.