What were the total assets for Apricot Lane in 2024?
Apricot_Lane Franchise · 2025 FDDAnswer 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 | |||
| Stockholders' Equity: | |||||
| Common stock 10,000 shares authorized, 6,000 s | shares issued | ||||
| and outstanding; stated value | more issued | 24,563 | 24,563 | ||
| Paid in capital | 90,000 | 90,000 | |||
| - | 361,555 | 147,059 | |||
| Retained earnings | - | ||||
| Total Stockholders' Equity | |||||
| rotai Stocknomers Equity | - | 476,118 | 261,622 |
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the company's total assets in 2024 were $1,674,622. This figure represents the sum of all current assets, furniture, equipment, vehicles (net), and other non-current assets held by Apricot Lane as of the end of the 2024 fiscal year. This number is an important indicator of the company's financial health and stability.
Breaking down the asset composition, Apricot Lane's current assets totaled $530,854, which includes cash, marketable securities, franchise fees receivable, and other receivables. Non-current assets, including security deposits and notes receivable, amounted to $987,765. Furniture, equipment, and vehicles (net) accounted for $156,003 of the total assets.
A prospective franchisee should consider these figures in relation to Apricot Lane's liabilities and equity. Total liabilities for 2024 were $1,198,504, and total stockholders' equity was $476,118. Analyzing the balance sheet provides a comprehensive view of Apricot Lane's financial position and its ability to meet its obligations and support its franchisees.