What was the cash and cash equivalent balance for Bigfoot Forestry at the end of 2024?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
ractors | 138,001 | | General and administrative | 73,471 | | Advertising and marketing | 40,753 | | Salaries and wages | 30,920 | | Legal and professional | 7,853 | | Commission expense | 5,667 | | Total Operating Expenses | 296,665 | | Net Income / (Loss) | $ (240,609) |
| Members' Equity At December 31, 2023 | $ 6,095 |
|---|---|
| Net income / (loss) | (240,609) |
| Members' contributions | 228,779 |
| Members' distributions | (201,198) |
| Members' Equity (Deficit) At December 31, 2024 | $ (206,933) |
| 2024 | |
|---|---|
| Cash Flows From Operating Activities | |
| Net income / (loss) | $ (240,609) |
| Adjustments to reconcile net income | |
| to net cash provided by operating activities: | |
| Change in assets and liabilities | |
| Accounts receivable | (1,927) |
| Deferred commission | (74,333) |
| Accounts payable and accrued liabilities | 2,343 |
| Deferred revenue | 68,177 |
| Due to related parties | 219,500 |
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to Bigfoot Forestry's 2025 Franchise Disclosure Document, the cash and cash equivalents at the end of 2024 totaled $6,827. This figure represents the amount of liquid assets Bigfoot Forestry had on hand at the close of the fiscal year, which can be used to cover immediate obligations or reinvest in the business. This is an important indicator of the company's financial health and its ability to manage its short-term liabilities.
The document also shows the net change in cash and cash equivalents during the year was $732. This increase from the beginning of the year, when cash and cash equivalents were $6,095, indicates that Bigfoot Forestry generated slightly more cash than it used during its operations, investments, and financing activities. This positive change, while modest, suggests a stable cash flow situation for the company during the reported period.
Prospective franchisees should consider this information in the context of the overall financial performance of Bigfoot Forestry. While a positive cash balance is generally favorable, it's essential to assess whether this level of cash is sufficient to support the company's growth plans and to address any potential financial challenges. Further analysis of the complete financial statements and related notes would provide a more comprehensive understanding of Bigfoot Forestry's financial position and its ability to support its franchisees.