What was the net amount for provisions (reversals) for The Standardx in 2025?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2025 | 2024 | ||
|---|---|---|---|
| AllowanceatJanuary1 | $ | 36 | $ 42 |
| Provisions(reversals),net | 6 | (1) | |
| Foreigncurrencyexchange,net | — | (1) | |
| AllowanceatMarch31 | $ | 42 | $ 40 |
| AllowanceatJanuary1 | $ | 62 | $ 50 |
|---|---|---|---|
| Provisions(reversals),net | 4 | 3 | |
| Write-offs | (2) | (2) | |
| AllowanceatMarch31 | $ | 64 | $ 51 |
| 2025 | 2024 | |
|---|---|---|
| Allowance at January 1 | $ 9 | $ 13 |
| Provisions, net (1) | — | — |
| Allowance at March 31 | $ 9 | $ 13 |
Source: Item 1 — Financial Statements. (FDD pages 156–187)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, there are two different reported values for provisions (reversals), net. One table shows the provisions (reversals), net as $6 for 2025. Another table shows the provisions (reversals), net as $4 for 2025. It is important to note that these values are associated with allowance at January 1 and allowance at March 31.
Another table provides information for 2025, but lists the provisions, net as "—" (which typically means zero or not applicable). This value is associated with allowance at January 1 and allowance at March 31.
Given the discrepancies, a prospective franchisee should seek clarification from The Standardx regarding which of these figures is most accurate and relevant to their investment. Understanding the basis for these provisions and their impact on the financial statements is crucial for making an informed decision.