What was the amount of accounts receivable for C12 Group in 2024?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of The C12 Group, LLC (the Company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, changes in members' equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of The C12 Group, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
I am unable to provide the specific amount of accounts receivable for C12 Group in 2024, as the provided excerpts from the 2025 Franchise Disclosure Document do not contain this information. While the excerpts include financial statements and balance sheets, the specific figures for accounts receivable are not detailed.
However, the FDD excerpts do include the balance sheets as of December 31, 2024 and 2023, statements of cash flows for the years then ended, and related notes to the financial statements. These audited financial statements are examined by an independent auditor, and their report is included in the FDD. The independent auditor's report states that the financial statements present fairly the financial position of The C12 Group, LLC as of December 31, 2024 and 2023.
A prospective franchisee should review the full financial statements within the 2025 FDD, specifically the balance sheets, to find the accounts receivable figures. If this information is not present, they should consider asking C12 Group directly for the accounts receivable amount for 2024 to gain a clearer understanding of the company's financial health and stability.