As of what date is the summary of marketable securities for Apricot Lane provided?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
Marketable securities as of December 31, 2023 consist mostly of cash investments and are summarized as follows:
The determination of what constitutes observable inputs requires management's judgement. Management considers observable inputs to be market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, provided by multiple, independent sources that are actively involved in the relevant market. The categorization of an instrument within the fair value hierarchy is based on the pricing transparency of the instrument and does not necessarily correspond to management's perceived risk of that instrument. As of December 31, 2023 and 2022 all financial instruments are Level 1.
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the summary of marketable securities is provided as of December 31, 2023. The document specifies that the marketable securities primarily consist of cash investments. Furthermore, the FDD states that all financial instruments were categorized as Level 1 as of both December 31, 2023, and December 31, 2022.
This information is relevant for prospective franchisees as it provides a snapshot of the company's financial position at a specific point in time. Understanding the types and levels of marketable securities can offer insights into the company's liquidity and investment strategies. Level 1 assets typically represent the most liquid and transparent investments, suggesting a conservative approach to managing the company's assets.
It is important to note that financial conditions can change, and the figures provided are only accurate as of the stated date. Franchisees should consider this information in conjunction with other financial statements and disclosures within the FDD to gain a comprehensive understanding of Apricot Lane's financial health. Consulting with a financial advisor is recommended to fully assess the implications of these figures.