What is the total amount of liabilities for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES AND MEMBER'S EQUITY | |
|---|---|
| CURRENT LIABILITIES: | |
| Accounts payable and accrued expenses | $ 95,719 |
| Current contract liabilities | 329,024 |
| Total current liabilities | 424,743 |
| Long-term contract liabilities | 10,337,886 |
| Total liabilities | 10,762,629 |
| MEMBER'S EQUITY | 148,528,217 |
| TOTAL LIABILITIES AND MEMBER'S EQUITY | $ 159,290,846 |
Source: Item 18 — OTHER INCOME (LOSS), NET (FDD pages 187–399)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the company's total liabilities amount to $10,762,629. This figure represents the sum of the company's current liabilities ($424,743) and long-term contract liabilities ($10,337,886). Current liabilities include accounts payable and accrued expenses, as well as current contract liabilities.
For a prospective franchisee, understanding the franchisor's liabilities can provide insight into the financial stability and health of The Standardx. A high level of liabilities might indicate potential financial strain, while a lower level could suggest a more stable financial position. However, it's important to consider these figures in the context of the company's overall financial situation, including its assets and equity.
It is also important to note that the member's equity is listed as $148,528,217. The total liabilities and member's equity combined equals $159,290,846, which matches the total assets. This balance is a fundamental accounting principle, and reviewing these figures can help a franchisee understand the overall financial structure of The Standardx.