What was the total reported cash amount for All States M.E.D.?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
| Cash | $ 57,413 |
|---|---|
| Total assets | $ 57,413 |
| Liabilities and Members' Equity | |
| Liabilities | $ - |
| Deferred franchise fee | - |
| Total liabilities | - |
| Members' Equity | 57,413 |
| Total Members' Equity | 57,413 |
| Total Liabilities and Members' Equity | $ 57,413 |
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, the company's financial statements as of December 31, 2023, show a cash balance of $57,413. This figure represents the total cash on hand that All States M.E.D. had at the close of the reporting period. This cash balance is also equivalent to the total assets reported for the company during that period.
For a prospective franchisee, this cash balance provides a snapshot of All States M.E.D.'s financial health at the end of 2023. It's important to note that this figure reflects the company's financial position after a partial year of operations, as the company commenced operations on July 11, 2023. The cash balance should be evaluated in conjunction with other financial metrics and trends to gain a comprehensive understanding of the company's financial stability and performance.
It is also important to note that the cash balance is directly equivalent to the total assets and total member equity. This suggests that All States M.E.D. had no liabilities at the time of reporting. A prospective franchisee should further investigate the financial statements and consult with a professional to fully understand the implications of this financial position.