What was the total value of other intangibles for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
---------------------------------------------------------------------------|-------------------------|-----------------------------|--------------------| | | value | amortization | | | Management and hotel services agreement and | $ 906 | $ (248) $ | 658 | | franchise agreement intangibles | | | | | 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 |
| 2024 | 2023 | 2022 |
|---|
Source: Item 23 — Receipts (FDD pages 85–132)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the gross carrying value of other intangibles is $33, with accumulated amortization of $ (6), resulting in a net carrying value of $27. This indicates the initial value of intangible assets not specifically categorized as management/hotel service agreements, brand-related, or customer relationships. The accumulated amortization reflects the amount of the intangible asset's value that has been expensed over time.
For a prospective The Standardx franchisee, understanding the nature and value of these 'other intangibles' is important because it reflects part of the overall asset base of the franchise system. While the amount is relatively small compared to other intangible assets like brand or customer relationships, it still contributes to the financial picture of The Standardx. These intangibles could include items like software licenses, proprietary processes, or other intellectual property that The Standardx utilizes.
The amortization expense impacts The Standardx's profitability, as it represents a non-cash expense that reduces net income. The fact that these intangibles are being amortized suggests they have a finite useful life, unlike indefinite-lived intangibles such as the brand itself. Franchisees should be aware of how The Standardx accounts for and manages its intangible assets, as this can affect the financial stability and reported earnings of the company.
It's worth noting that the values presented are net of accumulated amortization, meaning the original cost of these intangibles was higher. Reviewing the specific types of assets included in 'other intangibles' and their estimated useful lives would give a franchisee a clearer picture of their importance and potential impact on The Standardx's operations.