What was the total other non-current assets for B Bops in 2021?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | 32,380 | |||||||
| Total Current Assets | $ | 588,038 | $ | 482,164 | $ | 364,538 | $ | 216,089 |
| Fixed Assets | ||||||||
| Intangibles | $ | 37,700 | $ | 37,700 | $ | 37,700 | $ | 37,700 |
| Accumulated amortization | (18,326) | (18,326) | (18,326) | (18,326) | ||||
| Total Fixed Assets | $ | 19,374 | $ | 19,374 | $ | 19,374 | $ | 19,374 |
| Other Non-Current Assets | ||||||||
| Note Receivable - Shareholder | $ | 194,917 | $ | 132,338 | $ | 129,116 | $ | 125,973 |
| Total Other Non-Current Assets | $ | 194,917 | $ | 132,338 | $ | 129,116 | $ | 125,973 |
| Tot |
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 other non-current assets for the company in 2021 was $125,973. This figure represents assets that are not expected to be converted to cash or used up within one year of the balance sheet date. For B Bops, this primarily consists of a note receivable from a shareholder.
For a prospective franchisee, understanding the composition and value of non-current assets is important for assessing the financial health and stability of B Bops. Non-current assets can include items like property, equipment, and long-term investments. In this case, the note receivable from a shareholder suggests that B Bops has extended credit to an insider, which could be a related-party transaction that warrants further scrutiny.
It is important to note that the value of non-current assets can fluctuate over time due to factors such as depreciation, amortization, and market conditions. Therefore, a franchisee should review the historical trends in B Bops's non-current assets and understand the underlying assumptions and accounting policies used to value these assets. Additionally, it would be prudent to inquire about the terms and collectability of the note receivable from the shareholder to assess the potential risk associated with this asset.