What was the net loss reported in the 2024 cash flow statement for Angry Chickz?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
| \$ (8,336) | \$ (19,329) |
Angry Chickz Franchising, LLC
Statements of Cash Flows
December 31, 2024 and Period from June 9, 2023 (inception) to December 31, 2023
| 2024 | 2023 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | $ (436,260) | $ (219,329) |
| Net loss | ||
| Adjustments to reconcile net loss to net cash | ||
| from operating activities: | ||
| Amortization | 750 | - |
| Net change in assets and liabilities Receivables and other current assets Contract assets Accounts payable and accrued expenses |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Angry Chickz's 2025 Franchise Disclosure Document, the cash flow statement shows a net loss for 2024. The provided table within Item 21 details the cash flows from operating activities, including the net loss and adjustments to reconcile it to net cash.
Specifically, the table indicates that Angry Chickz experienced a net loss of $436,260 in 2024. This loss was then adjusted by adding back non-cash expenses like amortization ($750) and considering changes in assets and liabilities such as receivables, contract assets, accounts payable, and amounts due to the Member. These adjustments ultimately resulted in a net cash flow provided by operating activities of $54,512 for the year.
Prospective franchisees should note that while Angry Chickz experienced a net loss, the adjustments to reconcile this loss to net cash flow from operating activities resulted in a positive cash flow. This suggests that the business generated cash from its core operations despite the overall loss. Reviewing the complete financial statements and understanding the nature of these adjustments is crucial for assessing the financial health and sustainability of Angry Chickz.