What was the value of Amorino's deferred revenue in 2024?
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 | ||
|---|---|---|---|---|
| ASSETS | ||||
| CURRENT ASSETS Cash and cash equivalents Accounts receivable Accounts receivable from related partyNote B Prepaid expenses TOTAL CURRENT ASSETS TOTAL ASSETS | $ 136,842 7,397 7,140 -0- 151,379 $ 151,379 | $ $ | 41,417 208 7,140 2,167 50,932 50,932 | 84,565$ -0- 35,375 -0- 119,940 $ 119,940 |
| LIABILITIES AND MEMBER'S DEFICIT | ||||
| CURRENT LIABILITIES Accounts payable Accounts payable to related partyNote B Accrued expenses Deferred revenue TOTAL CURRENT LIABILITIES | $ 4,280 75,887 10,211 34,466 124,844 | $ | 2,690 72,905 -0 |
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, the company's deferred revenue was presented in a table of assets and liabilities. Deferred revenue is the revenue Amorino has received but not yet earned, and it is recognized over the life of the franchise agreement.
As of December 31, 2024, Amorino's deferred revenue, net of current portion, was $233,283. This figure represents the amount of franchise fees that Amorino will recognize as revenue in the future, over the remaining terms of the franchise agreements.
For a prospective franchisee, this deferred revenue indicates Amorino's financial stability and future revenue streams. It is important to note that while this deferred revenue does not represent amounts that will require future settlement in cash, understanding the terms and conditions under which this revenue is recognized is crucial for assessing the financial health of the franchise.