What was the amount of accounts receivable for C12 Group in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
the reporting year. Actual results could differ from those estimates.
Reclassification: Certain prior year amounts, none of which were significant, were reclassified to conform with current year presentation.
NOTE B-NOTE RECEIVABLE
The Company is carrying a note receivable for the remaining amount to be collected from the sale of th
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, C12 Group's financial statements do not explicitly state the total accounts receivable for December 31, 2023. However, the document does refer to a note receivable related to the sale of C12 Atlanta.
Specifically, the FDD mentions that C12 Group carried a note receivable for the remaining amount to be collected from the sale of the C12 Atlanta entity to a franchisee in January 2023. The balance of this note receivable was $133,107 as of December 31, 2023. This note was scheduled to be collected through monthly principal payments of $9,640 until January 2025.
While the FDD provides the balance of this particular note receivable, it does not provide the total accounts receivable for C12 Group as of December 31, 2023. A prospective franchisee may want to inquire about the total accounts receivable to get a better understanding of the company's financial health and its ability to collect payments from its franchisees and members.