How much did Beard Papas pay in income taxes during the year 2022?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) $ | 79,942 | $ (55,963) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) | ||
| operating activities: | ||
| Depreciation and amortization | 4,176 | 6,189 |
| Non-cash lease expenses | 93,795 | 154 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 175,158 | (151,953) |
| Due from affiliates | 6,689 | (2,892) |
| Inventories | (185,525) | 7,868 |
| Prepaid expenses and other current assets | (2,293) | 61,791 |
| Accounts payable | 211,246 | 6,054 |
| Due to affiliates | (25,428) | 16,087 |
| Accrued expense and other current liabilities | 130,673 | 3,494 |
| Deposit payable | (15,000) | - |
| Lease liability | (70,271) | (1,973) |
| Net cash provided by (used in) operating activities | 403,162 | (111,144) |
| Cash flows from investing activity: | ||
| Purchases of property and equipment | (434, 139) | |
| Security deposits | - | (13,048) |
| Net cash used in investing activity | (434,139) | (13,048) |
| Net decrease in cash and cash equivalents | (30,977) | (124,192) |
| 1 vot decrease in easif and easif equivalents | (30,977) | (124,192) |
| Cash and cash equivalents at beginning of year |
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, the company paid $2,800 in income taxes during the year 2022. This figure is part of the supplemental disclosure for cash flow information provided in the document. For prospective franchisees, this indicates the level of income taxes Beard Papas paid during that specific year.
It's important to note that this is a historical figure and may not be indicative of future tax liabilities. Factors such as changes in tax laws, business performance, and accounting practices can all influence the amount of income taxes a company pays in any given year. Therefore, while this information provides some insight into Beard Papas's financial history, it should not be used as the sole basis for predicting future tax obligations.
Franchisees should consider this information in conjunction with other financial data and consult with their own financial advisors to assess the potential tax implications of investing in a Beard Papas franchise. Understanding the company's past tax payments can contribute to a more comprehensive understanding of its financial health and stability.