What were the total current liabilities for B Bops as of December 31, 2021?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
ccoto
| Asset | S | |||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | n= | 2023 | 2022 | 2021 | ||||
| Current Assets | ||||||||
| Cash | $ | 542,855 | $ | 467,403 | $ | 351,509 | $ | 170,478 |
| Franchise fee receivable | 45,183 | 14,761 | 13,029 | 13,231 | ||||
| Receivable - related party |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 52–53)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the total current liabilities as of December 31, 2021, were $20,608. This figure represents the sum of accounts payable to an affiliate.
Specifically, the payable due to B-Bop's Inc. was $20,608 for the years ended December 31, 2022 and 2021. This liability arose because B-Bop's, Inc. (a common paymaster) paid salaries and payroll taxes for the Company. The amount paid for salaries and payroll taxes was $101,450 for the year ended December 31, 2021.
This information is relevant for prospective franchisees as it provides insight into the company's financial obligations and how they manage their liabilities. Understanding the nature and amount of current liabilities can help franchisees assess the financial stability and operational efficiency of B Bops.