What was the total amount of prepaid expenses and other current assets for Amerispec Inspection Services in 2023?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
nd timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Birmingham, Alabama April 30, 2025
TCB Services HoldCo, LLC and Subsidiaries Consolidated Balance Sheets December 31, 2024 and 2023
| 2024 | 2023 As Restated | |
|---|---|---|
| ASSE |
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the total prepaid expenses and other current assets in 2023 was $190,172. This figure represents the value of expenses paid in advance, along with other assets readily convertible to cash within a year.
For a prospective franchisee, understanding this figure is crucial for assessing the company's financial health and stability. Prepaid expenses might include items like insurance premiums or rent paid in advance, while other current assets could encompass items like short-term investments or inventory. A higher value in this category could indicate efficient management of resources, but it's essential to analyze the composition of these assets to ensure they are liquid and contribute to the company's operational efficiency.
It is important to note that the 2023 figures have been restated, suggesting possible adjustments or corrections to the initial financial reporting. Franchisees should inquire about the reasons for these restatements to gain a clearer understanding of the company's financial practices and ensure transparency.