As of June 30, 2025, what was the value of Belocal's prepaid taxes?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current assets: | ||
|---|---|---|
| Cash and cash equivalents | $ | 7,231,415 |
| Prepaid expenses | 727,353 | |
| Prepaid taxes | 2,013 | |
| Due from affiliate | 4,217,245 | |
| Total current assets | 12,178,026 |
Source: Item 23 — RECEIPTS (FDD pages 71–242)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, as of June 30, 2025, the company's prepaid taxes amounted to $2,013. This figure is listed under the 'Current assets' section of the balance sheet. Prepaid taxes represent taxes that Belocal has paid in advance but have not yet been incurred as an expense.
For a prospective Belocal franchisee, understanding the company's asset values, including prepaid taxes, provides insight into its overall financial health and management practices. While a small amount, prepaid taxes can arise from various situations, such as estimated tax payments made during the year.
It is important to note that this figure is just a snapshot of Belocal's financial position at a specific point in time. Franchisees should review the complete financial statements and consult with a financial advisor to gain a comprehensive understanding of Belocal's financial performance and stability.