What was the accumulated amortization for other intangibles for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
| To |
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 other intangibles can be found in the table summarizing intangible assets. The table shows the original cost, accumulated amortization, and net book value of various intangible assets.
Specifically, for the period ending December 31, 2024, the original cost of "Other intangibles" was $35, and the accumulated amortization was $(9), resulting in a net book value of $26. This means that, over the life of these other intangible assets, The Standardx has recognized $9 in amortization expense against the initial $35 cost.
Similarly, for an earlier period, the document provides figures as of December 31, 2023. In that year, the original cost of other intangibles was $33, with accumulated amortization of $(6), resulting in a net book value of $27. These figures are important for understanding how The Standardx values its intangible assets and how amortization impacts their financial statements. For a prospective franchisee, understanding these accounting practices can provide insight into the financial health and management of The Standardx.