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What were Aw's total current liabilities at the end of 2022?

Aw Franchise · 2025 FDD

Answer from 2025 FDD Document

ASSETS
YEARS ENDED DECEMBER 31
2023 2022
Assets
Cash $ 4,705 $ 33,561
Due from franchisee 7,837 1,226
Due from related parties 51,502 51,502
Total Assets $ 64,044 $ 86,289
LIABILITIES AND MEMBERS' EQUITY (DEFICIT)
Current Liabilities
Accounts payable and accrued expenses $ — $ 4,834
Loan payable SBA 513 476
Loan payable WinTrust 10,073 10,073
Contract Liability

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)

What This Means (2025 FDD)

According to Aw's 2025 Franchise Disclosure Document, the company's total current liabilities at the end of 2022 were $23,633. Current liabilities represent obligations due within one year, reflecting Aw's short-term financial obligations. These liabilities include accounts payable, accrued expenses, and the current portions of loans and contract liabilities. Understanding the composition and size of these liabilities is crucial for assessing Aw's short-term financial health.

The current liabilities consist of several components. Accounts payable and accrued expenses totaled $4,834, representing short-term obligations to suppliers and other service providers. Loan payable to SBA was $476, and loan payable to WinTrust was $10,073, indicating the short-term portions of Aw's debt obligations. Contract liability was $8,250, reflecting deferred revenue or obligations to provide services or goods in the near term.

For a prospective franchisee, this information is relevant for evaluating Aw's financial stability and management. A high level of current liabilities relative to current assets could indicate liquidity issues, while a low level might suggest efficient management of short-term obligations. Reviewing these figures in conjunction with Aw's revenue and profitability can provide a more comprehensive understanding of its financial performance. It is also important to compare these figures with previous years and industry benchmarks to identify any trends or potential concerns.

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.