JOINT Corp
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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FY2024 · Filed Mar 14, 2025
JYNT$6.65-2.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of and
CONSOLIDATED BALANCE SHEETS
| December 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $25,051,355 | $18,153,609 |
| Restricted cash | 945,081 | 1,060,683 |
| Accounts receivable, net | 2,586,381 | 2,580,589 |
| Deferred franchise and regional development costs, current portion | 1,055,582 | 1,047,430 |
| Prepaid expenses and other current assets | 1,729,079 | 1,844,340 |
| Discontinued operations current assets ($1.1 million attributable to VIEs as of December 31, 2024) | 40,827,044 | 19,648,887 |
| Total current assets | 72,194,522 | 44,335,538 |
| Property and equipment, net | 3,166,882 | 3,805,887 |
| Operating lease right-of-use asset | 245,384 | 466,268 |
| Deferred franchise and regional development costs, net of current portion | 4,513,891 | 5,203,936 |
| Discontinued operations noncurrent assets ($1.1 million attributable to VIEs as of December 31, 2023) | — | 33,142,084 |
| Deposits and other assets | 300,779 | 254,299 |
| Total assets | $80,421,458 | $87,208,012 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $1,750,938 | $1,253,816 |
| Accrued expenses | 1,505,827 | 1,157,822 |
| Co-op funds liability | 945,082 | 1,060,683 |
| Payroll liabilities | 3,551,173 | 858,862 |
| Operating lease liability, current portion | 448,285 | 412,601 |
| Deferred franchise fee revenue, current portion | 2,546,926 | 2,516,554 |
| Upfront regional developer fees, current portion | 288,095 | 362,326 |
| Other current liabilities | 603,250 | 483,249 |
| Discontinued operations current liabilities ($7.1 million and $5.9 million attributable to VIEs as of December 31, 2024 and 2023) | 37,714,200 | 25,468,169 |
| Total current liabilities | 49,353,776 | 33,574,082 |
| Operating lease liability, net of current portion | — | 448,308 |
| Debt under the Credit Agreement | — | 2,000,000 |
| Deferred franchise fee revenue, net of current portion | 12,450,179 | 13,597,325 |
| Upfront regional developer fees, net of current portion | 672,334 | 1,019,316 |
| Discontinued operations liabilities, net of current portion ($1.2 million attributable to VIEs as of December 31, 2023) | — | 11,739,946 |
| Deferred tax liabilities | — | 57,153 |
| Total liabilities | 62,476,289 | 62,436,130 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ equity: | ||
| Series A preferred stock, $0.001 par value; 50,000 shares authorized, 0 issued and outstanding, as of December 31, 2024 and 2023 | — | — |
| Common stock, $0.001 par value; 20,000,000 shares authorized, 15,192,893 shares issued and 15,159,878 shares outstanding as of December 31, 2024 and 14,783,757 shares issued and 14,751,633 outstanding as of December 31, 2023 | 15,192 | 14,783 |
| Additional paid-in capital | 49,210,455 | 47,498,151 |
| Treasury stock 33,015 shares as of December 31, 2024 and 32,124 shares as of December 31, 2023, at cost | (870,058) | (860,475) |
| Accumulated deficit | (30,435,420) | (21,905,577) |
| December 31,2024 | December 31,2023 | |
|---|---|---|
| Total The Joint Corp. stockholders’ equity | 17,920,169 | 24,746,882 |
| Non-controlling Interest | 25,000 | 25,000 |
| Total equity | 17,945,169 | 24,771,882 |
| Total liabilities and stockholders’ equity | $80,421,458 | $87,208,012 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.