What were the total other non-current assets for Apricot Lane in 2024?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
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 for the company in 2024 were $987,765. These assets include specific items such as a security deposit of $2,500 and notes receivable (less the current portion) amounting to $985,265.
Non-current assets are those that are not expected to be converted to cash within one year. For a prospective Apricot Lane franchisee, understanding the composition and value of these assets provides insight into the company's long-term financial health and stability. The notes receivable, which constitute a significant portion of the other non-current assets, could represent loans or other forms of credit extended by Apricot Lane, indicating how the company manages its long-term investments and financial relationships.
The presence of a security deposit as part of the other non-current assets is typical, as these are funds held as collateral and are not immediately available for operational use. The overall value of non-current assets, compared to current assets, can indicate the company's strategy regarding long-term investments versus short-term liquidity. A high value in non-current assets suggests a focus on long-term growth and stability, which can be a positive sign for potential franchisees looking for a stable franchise system.
It is important for a potential franchisee to review these figures in the context of the company's overall financial statements, including liabilities and equity, to gain a comprehensive understanding of Apricot Lane's financial position. Analyzing trends in these figures over multiple years, as presented in the FDD, can further inform a franchisee's assessment of the company's financial management and strategic direction.