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What was the total liabilities and stockholder's equity for All Team as of December 31, 2023?

All_Team Franchise · 2025 FDD

Answer from 2025 FDD Document

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Tampa, Florida March 24, 2025

ALL TEAM FRANCHISE CORPORATION BALANCE SHEETS

AS OF DECEMBER 31, 2024 AND 2023

2024 2023
CURRENT ASSETS
Cash $ 629,272 $ 1,015,879
Accounts receivable-trade, pledged, 589,672 1,075,420
less credit losses of $63,416 and $57,416, respectively
Advances to related parties 1,526,254 1,091,453
Prepaid expenses 81,663 20,368
Due from IRS - 49,780
Total Current Assets 2,826,861 3,252,900
PROPERTY AND EQUIPMENT, net - -
OTHER ASSETS
Operating lease right-of-use assets 90,309 143,935
Deposits 34,537 34,537
Intangible assets 61,329 61,329
Total Other Assets 186,175 239,801
TOTAL ASSETS $ 3,013,036 $ 3,492,701
CURRENT LIABILITIES
Accounts payable - trade $ 2,646 $ 3,528
Due to stockholder 14,772 39,378
Current maturity of operating lease liability 58,709 53,626
Credit line payable 859,983 1,321,084
Accrued expenses 124,879 231,956
Other funding liabilities 1,133,303 919,887
Total Current Liabilities 2,194,292 2,569,459
LONG TERM LIABILITY
Operating lease liability, net of current maturity 31,600 90,309
Total Long-Term Liability 31,600 90,309
Total Liabilities 2,225,892 2,659,768
STOCKHOLDER'S EQUITY
Common stock - $1 par value;

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)

What This Means (2025 FDD)

According to All Team's 2025 Franchise Disclosure Document, the total liabilities and stockholder's equity as of December 31, 2023, was $3,492,701. This figure represents the sum of what All Team owes to others (liabilities) and the value of the company belonging to its stockholders (equity) at that specific point in time. This value is derived from the assets, liabilities, and equity reported on All Team's balance sheet. The balance sheet provides a snapshot of the company's financial position, reflecting what it owns (assets), what it owes (liabilities), and the owners' stake in the company (equity).

For a prospective franchisee, this number offers insight into the overall financial health and structure of All Team. A higher total liabilities and stockholder's equity generally indicates a larger and potentially more stable company. However, it's crucial to examine the components of this figure. The liabilities portion reveals the extent of All Team's debts, while the stockholder's equity shows the net worth of the company. A franchisee should look for a healthy balance between liabilities and equity, as excessive debt could indicate financial risk.

It is important to note that the FDD includes financial statements that have been audited by an independent auditor. These audits add credibility to the financial information presented, as the auditors are attesting to the fairness of the presentation of All Team's financial position in accordance with accounting principles generally accepted in the United States of America. Prospective franchisees should carefully review the complete financial statements and consider consulting with a financial advisor to fully understand the financial implications for their investment decision.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.