What were the total current assets for Amorino as of December 31, 2023?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
ernance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Atlanta, Georgia
BALANCE SHEETS
CPUSA LLC
(A Wholly-Owned Subsidiary of Amorino USA Corp.)
| 2024 | December 31, 2023 | 2022 |
|---|
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2023, were $50,932. This figure is comprised of several sub-categories of assets. These include cash and cash equivalents, accounts receivable, accounts receivable from a related party, and prepaid expenses.
Specifically, the cash and cash equivalents totaled $41,417. Accounts receivable amounted to $208, while accounts receivable from a related party totaled $7,140. Prepaid expenses accounted for $2,167 of the total current assets.
Prospective franchisees should understand how Amorino defines and manages its assets, as this can impact the financial stability and operational efficiency of the franchise. Understanding the relationship between the company and its related parties is also important, as transactions with these parties can affect the financial performance of the franchise. Reviewing these figures over multiple years, as presented in the FDD, can provide a clearer picture of the company's financial trends and stability.