What was the net loss for Basecamp Fitness as of December 31, 2022?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | |||
|---|---|---|---|
| Current assets | |||
| Cash and cash equivalents | $ 9,591 | $ 6,352 | |
| Restricted cash | 6,641 | 6,767 | |
| Accounts receivable, net of allowance for credit losses | 18,873 | 9,518 | |
| Vendor rebates receivable | 6,122 | 5,423 | |
| Due from related parties | 461 | 162 | |
| Inventory | 9,105 | 4,683 | |
| Prepaid expenses | 10,673 | 5,639 | |
| Other current assets | 4,354 | 122 | |
| Deferred costs, current portion | 2,073 | 353 | |
| Total current assets | 67,893 | 39,019 | |
| Property and equipment, net | 2,965 | 3,477 | |
| Other assets | |||
| Operating lease right-of-use assets | 2,575 | 3,781 | |
| Intangible assets, net of accumulated amortization | 1,693 | 2,153 | |
| Software development and license costs, net of accumulated amortization | 27,385 | 17,338 | |
| Goodwill | 127 | 141 | |
| Other assets | 2,889 | 175 |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the balance at December 31, 2021, was $5,000,021. After contributions of $786 and a net loss of $786, the balance at December 31, 2022, remained at $5,000,021.
This indicates that the net loss of $786 affected the overall balance. The contributions and net loss amounts are relatively small compared to the overall balance, suggesting a stable financial position in terms of this specific account.
Prospective franchisees should consider these figures in the context of Basecamp Fitness's overall financial performance. While this specific account remained stable, it's important to review other financial statements and disclosures within the FDD to gain a comprehensive understanding of the brand's financial health and stability.