What is the total accumulated amortization for The Standardx's intangible assets?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
(1) Finance lease assets are net of $18 million and $14 million of accumulated amortization at December 31, 2024 and December 31, 2023, respectively.
Weighted-average remaining lease terms and discount rates were as follows:
| Management and hotel services agreement and | 19 | $ 1,368 $ (290) $ 1,078 | | Customer relationships intangibles | 10 | 410 (153) 257 | |---|---|---| | Other intangibles | 10 | 35 (9) 26 | | Total $ 2,619 $ (452) $ 2,167 | | |
Source: Item 23 — Receipts (FDD pages 85–132)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the company provides information on accumulated amortization related to finance lease assets and specific intangible assets. The document states that finance lease assets are net of $18 million and $14 million of accumulated amortization as of December 31, 2024, and December 31, 2023, respectively.
Additionally, the provided table includes details on management and hotel services agreement and franchise agreement intangibles, customer relationships intangibles, and other intangibles. As of the balance at December 31, 2024, the accumulated amortization for management and hotel services agreement and franchise agreement intangibles is $(290), for customer relationships intangibles is $(153), and for other intangibles is $(9). The total accumulated amortization for these specific intangible assets as of December 31, 2024, is $(452).
It is important to note that these figures represent specific categories of assets and may not encompass all intangible assets held by The Standardx. A prospective franchisee should review the complete financial statements and related notes within the FDD, and consult with a financial advisor, to fully understand the amortization patterns and financial implications related to intangible assets.