What were the total noncurrent assets for Afuri Ramen Dumpling in the prior year?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| CURRENT ASSETS Cash and cash equivalents | S | 926,082 | s | 467,067 |
|---|---|---|---|---|
| Accounts receivable | ъ. | 48,765 | 4 | 22,323 |
| Prepaid Expense | 4,484 | 9,720 | ||
| Total current assets | - | 979,331 | - | 499,110 |
| 7 3437 5477 5477 5477 5477 5477 5477 547 | 1.0 | 0.0,001 | - | 100,110 |
| PROPERTY AND EQUIPMENT | _ | 5,647 | _ | 7,153 |
| NONCURRENT ASSETS | ||||
| Due from parent | 318,321 | |||
| Intangible assets | 94,996 | 69,040 | ||
| Total noncurrent assets |
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the company's balance sheet includes a breakdown of its assets as of December 31, 2021, and December 31, 2020. Total noncurrent assets include amounts due from the parent company and intangible assets.
For the year ending December 31, 2021, Afuri Ramen Dumpling reported total noncurrent assets of $94,996, which consisted solely of intangible assets. In the prior year, December 31, 2020, the company's total noncurrent assets amounted to $387,361. This total comprised $318,321 due from the parent company and $69,040 in intangible assets.
Prospective franchisees should pay close attention to these figures as they provide insight into the financial structure and asset composition of Afuri Ramen Dumpling. Understanding the nature and value of noncurrent assets can help franchisees assess the financial stability and long-term investments of the company. Additionally, the significant amount due from the parent company in 2020 suggests related-party transactions that warrant further investigation to ensure transparency and potential impacts on the franchise's financial health.