table_specific

What were the total current liabilities for Apricot Lane in 2023?

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
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 total current liabilities for 2023 were $988,182. This figure represents the sum of several short-term financial obligations of the company. These include accounts payable and accrued liabilities, accrued payroll, accrued interest, gift card liability, deferred franchise fees, the current portion of long-term debt, and the current portion of lease liability.

For a prospective franchisee, understanding the franchisor's liabilities can provide insight into the financial stability and health of the company. A high level of current liabilities relative to current assets could indicate potential liquidity issues, meaning Apricot Lane may struggle to meet its short-term obligations.

It's important to note that this figure is just a snapshot in time and should be analyzed in conjunction with other financial data, such as the company's assets, revenues, and expenses, to get a comprehensive understanding of Apricot Lane's financial position. Reviewing trends over multiple years would also provide a more insightful perspective on the company's financial management and stability.

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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