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What was the reported value of Beard Papas' prepaid expenses and other current assets in 2023?

Beard_Papas Franchise · 2025 FDD

Answer from 2025 FDD Document

rol—related matters that we identified during the audit.

February 14, 2024

Muginoho International, Inc. (A Wholly-Owned Subsidiary of Nagatanien Holdings Co., Ltd.)

Balance Sheets

December 31, 2023 and 2022

2023 2022
Assets
Current assets:
Cash and cash equivalents $ 1,194,859 $ 1,225,836
Accounts receivable 186

Source: Item 23 — RECEIPTS (FDD pages 58–275)

What This Means (2025 FDD)

According to Beard Papas's 2025 Franchise Disclosure Document, the value of prepaid expenses and other current assets for the company in 2023 was $35,788. This figure is part of the company's balance sheet, reflecting assets that have been paid for in advance but not yet consumed or used. These assets are expected to be utilized within one year.

For a prospective Beard Papas franchisee, this number provides insight into the financial health and asset management of the company. Prepaid expenses can include items like insurance premiums, rent, or advertising costs that have been paid upfront. Other current assets might encompass items such as short-term investments or supplies.

A higher value in prepaid expenses and other current assets could indicate efficient management of resources or strategic investments in future operations. However, it is essential to consider this figure in conjunction with other financial metrics to gain a comprehensive understanding of Beard Papas's financial position. Comparing this value to previous years and industry benchmarks can offer further context and help assess the company's financial performance and stability.

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.