What were the cash and cash equivalents at the beginning of the year for Amorino in 2023?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
s for the year ended December 31, 2023 | (59,523) | | Balance at December 31, 2023 | (142,465) | | Net loss for the year ended December 31, 2024 | (64,283) | | Balance at December 31, 2024 | $ (206,748) |
STATEMENTS OF CASH FLOWS
CPUSA LLC (A Wholly-Owned Subsidiary of Amorino USA Corp.)
| Year Ended December 31 | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net Loss | $ | (64,283) | $ (59,523) | $ (22,090) |
| Adjustments to reconcile net loss to net cash | ||||
| provided by (used in) operating activities: | ||||
| Accounting fees paid by affiliate | 2,982 | -0- | -0- | |
| Interest expense included in note payable | ||||
| to Parent, paid by affiliate | -0- | 1,608 | -0- | |
| (Increase) decrease in operating assets: | ||||
| Accounts receivable | (7,189) | (208) | -0- | |
| Accounts receivable related party | -0- | (7,140) | -0- | |
| Prepaid expenses | 2,167 | (2,167) | -0- | |
| Increase (decrease) in operating liabilities: | ||||
| Accounts payable | 1,590 | 2,690 | (935) | |
| Accounts payable related party | -0- | 25,550 | -0- | |
| Accrued Expenses | 10,211 | -0- | -0- | |
| Deferred revenue | 149,947 | (3,958) | 38,510 | |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | 95,425 | (43,148) | 15,485 | |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Net (repayments to) advances from related party | -0- | -0- | (42,876) | |
| NET CA |
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, the cash and cash equivalents at the beginning of 2023 were $84,565. This figure represents the amount of readily available funds Amorino had at the start of the fiscal year to cover immediate obligations and operational expenses.
For a prospective franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance suggests financial stability and the ability to support franchisees. It can also indicate the company's capacity to invest in ongoing development, marketing, and support programs.
However, it's important to consider this figure in context. Reviewing Amorino's complete financial statements, including assets, liabilities, and cash flow statements, will provide a more comprehensive understanding of the company's financial health. Additionally, comparing these figures across multiple years can reveal trends and potential areas of concern or strength.