What was the total of liabilities and stockholders' equity 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 | 3 |
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 liabilities and stockholders' equity for 2024 was $1,674,622. This figure represents the sum of what Apricot Lane owes to others (liabilities) and the value of the owners' stake in the company (equity) at a specific point in time.
For a prospective franchisee, understanding this number is crucial as it provides a snapshot of the company's financial health. A significant change in this number from year to year could signal shifts in the company's financial structure, which could impact the support and resources available to franchisees. Reviewing this figure in comparison to previous years, such as the 2023 total of $1,895,292, can reveal trends about the company's financial management and stability.
It is important to note that this figure is just one component of a comprehensive financial analysis. A potential Apricot Lane franchisee should also consider other financial metrics, such as revenue, expenses, and cash flow, to gain a complete understanding of the company's financial performance and stability. Consulting with a financial advisor is recommended to fully interpret the implications of this data.