What were the total other non-current assets for Apricot Lane in 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| 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 |
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the total other non-current assets in 2023 were $996,592. This figure includes several components, such as the security deposit, right-of-use lease asset, and notes receivable less current portion.
Specifically, the security deposit was $2,603, the right-of-use lease asset was $8,724, and the notes receivable less current portion amounted to $985,265. These assets are classified as non-current, meaning they are not expected to be converted to cash within one year.
For a prospective Apricot Lane franchisee, understanding the composition and value of these non-current assets is important for assessing the overall financial health and stability of the franchisor. It provides insight into the long-term investments and financial commitments of Apricot Lane, which can influence its ability to support franchisees and manage its operations effectively.