table_specific

What was the accrued interest for Apricot Lane in 2024?

Apricot_Lane Franchise · 2025 FDD

Answer from 2025 FDD Document

LLP Grass Valley, CA February 10, 2025

Sointo Group

2

ASSETS
2024 2023
Current Assets: 4. 107 (10
Cash and cash equivalents S 85,129 $ 186,678
Marketable securities 113,379 161,923
Franchise fees receivable 222,000 207,000
Franchise royalties and advertising receivable
less allowance for doubtful accounts 72,069 95,760
Reimbursable franchise costs and other receivab les
less allowance for doubtful accounts 18,076 24,017
Prepaid expenses 20,201 22,346
Current portion of notes receivable _ -
Total Current Assets 530,854 697,724
Furniture, equipment, and vehicles net 156,003 200,976
Other Non-current Assets:
Security deposit 2,500 2,603
Right-of-use lease asset - 8,724
Notes Receivable, less current portion 985,265 985,265
Total Other Non-current Assets _ 987,765 996,592
Total Assets _ - s - 1,674,622 $ and the same 1,895,292
LIABILITIES & ST FOCKHOLDERS' EQU ITY
Current Liabilities:
Accounts payable and accrued liabilities 8 35,246 $ 58,419
Accrued payroll a 122,602 φ 168,271
Accrued interest 10,167 21,968 59,100
Gift card liability Deferred franchise fees 59,100 316,500 627,500
Current portion of long-term debt 45,732 44,200
Current portion of lease liability - _ an an an an an an an an an an an an an a 8,724
Total Current Liabilities 589,347 988,182
Long-term Liabilities;
Long-term debt, net of current portion 609,157 645,488
Lease liability, net of current portion - -
Total Long-term Liabilities - 609,157 645,488
Total Liabilities 1,198,504 1,633,670

Source: Item 23 — RECEIPTS (FDD pages 51–222)

What This Means (2025 FDD)

According to Apricot Lane's 2025 Franchise Disclosure Document, the accrued interest for 2024 was $10,167. This figure reflects the amount of interest expenses that Apricot Lane had incurred but not yet paid as of the end of the 2024 fiscal year.

Accrued interest represents a current liability on Apricot Lane's balance sheet, indicating a short-term obligation to lenders or other parties to whom interest is owed. This liability will typically be settled in the subsequent accounting period. For potential franchisees, understanding the company's accrued interest can provide insights into its debt management and financial obligations.

Reviewing the trend in accrued interest over multiple years, as shown with the 2023 figure of $21,968, can further inform a franchisee about Apricot Lane's borrowing costs and payment patterns. A significant increase in accrued interest might signal increased borrowing or difficulty in meeting interest payment obligations, while a decrease could indicate improved financial management or reduced debt levels.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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