What was the total amount of non-current assets for Angry Chickz in 2023?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
s that we identified during the audit.
Irvine, California
May 6, 2025
Financial Statements
Angry Chickz Franchising, LLC
Balance Sheets December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS Cash Receivables and other current assets Current portion of contract asset | $ 187,344 8,507 1,000 | $ 100,000 - - |
| Total current assets | 196,851 | 100,000 |
| NON-CURRENT ASSETS Contract assets |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Angry Chickz's 2025 Franchise Disclosure Document, the total non-current assets for 2023 were not specified. The balance sheet provides a breakdown of assets for 2023, but lists the total non-current assets as "-". This indicates that Angry Chickz had no recorded non-current assets during that initial period of operation.
Non-current assets typically include items that are not expected to be converted to cash within one year, such as property, equipment, and long-term investments. The absence of these assets in 2023 suggests that Angry Chickz's initial investments were primarily focused on current assets like cash.
For a prospective franchisee, this information highlights the early stage of Angry Chickz's franchising operations in 2023. It is important to further investigate the types of assets Angry Chickz acquired as the franchise system developed and how these assets contribute to the overall financial health of the company.