What was the total current asset value for Angry Chickz Franchising LLC YTD?

According to Angry Chickz's 2025 Franchise Disclosure Document, the total current asset value YTD for Angry Chickz Franchising LLC as of March 31, 2025, was reported as -$1,040,717.64. This figure is derived from an unaudited balance sheet included in the FDD.

This negative value indicates that Angry Chickz's current liabilities exceeded its current assets at that point in time. Current assets include items like cash ($101,090.88), accounts receivable ($15,422.72), vendor credits expected ($2,603.85), prepaid expenses ($1,869.15), contract assets ($59,250.00), deferred revenue (-$766,250.00), and intercompany totals (-$454,704.24).

Prospective franchisees should note that these financial statements are unaudited, meaning they have not been independently verified by a certified public accountant. The FDD explicitly advises that prospective franchisees should be aware that no CPA has audited these figures or expressed an opinion on their accuracy. This increases the risk that the figures may contain errors or not fully represent the financial condition of Angry Chickz Franchising LLC. Franchisees should consider this when evaluating the financial viability of the franchisor.

Given the negative current asset value and the unaudited nature of the financial statements, it would be prudent for potential Angry Chickz franchisees to seek professional financial advice and conduct thorough due diligence. This includes requesting additional financial information from the franchisor and possibly consulting with current franchisees to gain a more comprehensive understanding of the company's financial health.