What was the change in Accrued Interest due to Stockholders for All County in 2024?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
| nd of Year | 195,251 | (110,516) | 45,901 |
|---|---|---|---|
| TOTAL STOCKHOLDER'S EQUITY (DEFICIT), END OF YEAR | $ 337,459 | $ 31,692 | $ 188,109 |
See accompanying Auditor's Report and Notes to the Financial Statements
Statements of Cash Flows For Years Ended December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 | ||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net Income (Loss) | $ 448,390 | $ 271,100 | $ 216,956 | |
| Adjustments to reconcile Net Income (Loss) | to net cash provided (used) by operating activities: | |||
| Depreciation | 21,008 | 1,399 | - | |
| (Increase) decrease in: | ||||
| Accounts & Commisiso |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the Accrued Interest due to Stockholders decreased by $1,698 in 2024. The FDD lists Accrued Interest due to Stockholders as ($1,698) in 2024 and as $0 in 2023. This indicates that All County began accruing interest owed to its stockholders in 2024, whereas no such interest was accrued in the previous year.
For a prospective franchisee, this detail provides insight into All County's financial obligations and how it manages its debts to its stockholders. Accrued interest represents an expense that All County recognizes on its income statement, reflecting the interest that has been incurred but not yet paid to stockholders.
This information is part of the broader financial statements included in the FDD, which are audited by an independent CPA. Reviewing these statements can help a potential franchisee assess the financial health and stability of All County. Understanding the company's liabilities, including accrued interest, is crucial for making an informed investment decision.