What was the accumulated amortization for management and hotel services agreement and franchise agreement intangibles for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 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 $ 2,619 $ (452) $ 2,167 |
[Item 10: OTHER ASSETS]
| Management and hotel services agreement and franchise agreement intangibles | $ 906 $ (248) $ 658 |
|---|---|
| Brand and other indefinite-lived intangibles 608 — 608 | |
| Customer relationships intangibles | 620 (243) 377 |
| Other intangibles 33 (6) 27 | |
| Total $ 2,167 $ (497) $ 1,670 |
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 management and hotel services agreement and franchise agreement intangibles can be found under Item 10, which details other assets. The table provides a snapshot of these intangibles and their accumulated amortization for two comparative periods.
For the first period, the gross value of management and hotel services agreement and franchise agreement intangibles was $1,368, with accumulated amortization of $290, resulting in a net value of $1,078. In the subsequent period, the gross value decreased to $906, and the accumulated amortization was $248, leaving a net value of $658.
This information is relevant for prospective franchisees as it provides insight into how The Standardx values and amortizes its intangible assets related to franchise and management agreements. Understanding these figures can help a franchisee assess the financial health and accounting practices of The Standardx, particularly concerning its key revenue-generating agreements. The amortization expense reflects the systematic reduction in the value of these intangible assets over their useful life, which impacts the company's reported earnings and asset values.