What is the net book value of other intangibles for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the net book value of other intangibles can be derived from the provided table. As of a specific date, the gross value of other intangibles is $33, with accumulated amortization of $6, resulting in a net book value of $27. This indicates the remaining value of these intangible assets after accounting for amortization.
Intangible assets are non-physical assets that can include items like patents, trademarks, copyrights, and goodwill. The 'other intangibles' category may encompass a variety of such assets that are not specifically classified elsewhere. The gross value represents the original cost of these assets, while accumulated amortization reflects the amount of the asset's value that has been expensed over time. The net book value is the difference between these two figures, representing the current value of the assets on The Standardx's books.
For a prospective franchisee, understanding the nature and value of these intangible assets is important. While the specific details of what constitutes 'other intangibles' are not detailed here, these assets can contribute to the overall value and competitive advantage of The Standardx. Franchisees may benefit from these intangibles through brand recognition, proprietary processes, or other unique aspects of the business. It is important to note that the value of these intangibles can change over time due to amortization or impairment, which can affect The Standardx's financial performance.