As of December 31, 2024, what were the accounts payable and accrued expenses for All Dogs Unleashed?
All_Dogs_Unleashed Franchise · 2025 FDDAnswer from 2025 FDD Document
nts, considered in the aggregate, that raise substantial doubt about ADU Franchise limited liability company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Dallas, Texas March 20, 2025
| As of December 31, | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 223,010 | $ 267,519 |
| Unbilled revenue | 28,537 | 24,799 |
| Prepaid expenses | 5,937 | - |
| Deferred costs | 1,000 | 1,000 |
| Total current assets | 258,484 | 293,318 |
| Intangible assets | 45,824 | - |
| Deferred costs, net | 7,003 | 8,003 |
| Due from members | 56,000 | 56,000 |
| Due from affiliates | 15,570 | - |
Source: Item 23 — RECEIPTS (FDD pages 49–158)
What This Means (2025 FDD)
According to All Dogs Unleashed's 2025 Franchise Disclosure Document, as of December 31, 2024, the company's accounts payable and accrued expenses totaled $44,810. This figure represents the company's short-term obligations to its suppliers and other creditors. In comparison, the accounts payable and accrued expenses as of December 31, 2023, were $8,792.
Accounts payable and accrued expenses are crucial indicators of a company's financial health. A significant increase in this liability, as seen from 2023 to 2024 for All Dogs Unleashed, could suggest changes in payment practices, increased operational costs, or other shifts in financial management. Prospective franchisees should pay close attention to these figures to understand the financial stability and operational efficiency of All Dogs Unleashed.
Understanding the reasons behind fluctuations in accounts payable and accrued expenses can provide valuable insights into the franchisor's financial strategies and potential challenges. It is advisable for potential franchisees to discuss these figures with All Dogs Unleashed to gain a comprehensive understanding of their financial implications.