What was the net cash used in financing activities for Amorino in 2022?
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 net cash used in financing activities for the year ended December 31, 2022, was ($42,876). This figure represents the net repayments to advances from a related party during that year.
For a prospective franchisee, this indicates the financial transactions between Amorino and its related parties. It is important to note that this is not necessarily indicative of the financial performance of individual franchise locations, but rather reflects the company's overall financing activities.
Understanding these cash flow dynamics can help a potential franchisee assess the financial stability and relationships of Amorino with its affiliates. It's advisable to further investigate the nature of these related-party transactions and their potential impact on the franchise system.