What was the total equity for Angry Chickz Franchising LLC YTD?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
| YTD | |
|---|---|
| ASSETS | |
| Current Asset | |
| Total Cash | 101,090.88 |
| 1099 - Deferred Revenue | -766,250.00 |
| Total Intercompany | -454,704.24 |
| 1202 - Contract Assets | 59,250.00 |
| 1210 - Accounts Receivable | 15,422.72 |
| Total A/R - 3rd Party Delivery | |
| 1270 - Vendor Credit Expected | 2,603.85 |
| Total Prepaid Expenses | 1,869.15 |
| Total Inventory | |
| Total Current Asset | -1,040,717.64 |
| Fixed Asset | |
| 1540 - Furniture and Equipment Assets | 1,592.81 |
| Total Fixed Asset | 1,592.81 |
| Other Asset | |
| Total Other Asset | |
| Total ASSETS | -1,039,124.83 |
| LIABILITIES & EQUITY | |
| Liabilities | |
| Current Liability | |
| 2110 - Accounts Payable | 18,570.71 |
| Total Payroll Liabilities | 1,732.56 |
| Total Sales Tax Payable | |
| Total Accrued Expenses | |
| Total Other Liabilities | |
| Total Current Liability | 20,303.27 |
| Long Term Liability | |
| Total Notes Payable | |
| Total Long Term Liability | |
| Total Liabilities | 20,303.27 |
| Equity | |
| Equity | |
| 3200 - Paid in Capital | 200,000.00 |
| Total Distributions | -432,747.00 |
| 3300 - Retained Earnings | -658,039.56 |
| YTD Income | -168,641.54 |
| Total Equity | -1,059,428.10 |
| Total Equity | -1,059,428.10 |
| Total LIABILITIES & EQUITY | -1,039,124.83 , -, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Angry Chickz's 2025 Franchise Disclosure Document, the total equity for Angry Chickz Franchising LLC year-to-date (YTD) as of March 31, 2025, was reported as -$1,059,428.10. This figure is derived from the balance sheet included in the unaudited financial statements. The balance sheet provides a snapshot of the company's assets, liabilities, and equity at that specific point in time.
The equity section of the balance sheet breaks down how this total equity is composed. It includes paid-in capital of $200,000.00, total distributions of -$432,747.00, retained earnings of -$658,039.56, and YTD income of -$168,641.54. The negative figures for total distributions, retained earnings, and YTD income contribute to the overall negative equity.
For a prospective Angry Chickz franchisee, this negative equity may raise concerns about the financial stability of the franchisor. It is important to note that these are unaudited figures as of March 31, 2025, and represent a specific point in time. A potential franchisee should further investigate the reasons for the negative equity, the franchisor's plans to improve its financial position, and consult with a financial advisor to assess the risk involved. It's also important to consider that the company was formed on June 9, 2023, so the financial statements reflect a relatively new business.
It is also important to note that the financial statements have been prepared without an audit, and prospective franchisees should be advised that no certified public accountant has audited these figures or expressed an opinion with regard to their content or form.