What was the current portion of long-term debt for Apricot Lane in 2024?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the current portion of long-term debt for 2024 was $45,732. This figure represents the amount of long-term debt that is due within one year from the date of the balance sheet.
For a prospective Apricot Lane franchisee, understanding the current portion of long-term debt is crucial because it reflects the company's short-term obligations. A higher current portion of long-term debt may indicate that the company has significant debt payments due in the near future, which could impact its cash flow and financial stability.
Reviewing the long-term debt, net of current portion, which was $609,157 in 2024, provides a more complete picture of Apricot Lane's overall debt obligations. Comparing these figures with previous years and industry benchmarks can help potential franchisees assess the financial health and risk associated with investing in an Apricot Lane franchise.