What is the amount of office furniture, fixtures, and equipment reported for C12 Group in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
indings, and certain internal control related matters that we identified during the audit.
ADKF, P.C.
San Antonio, Texas
ADKF,PC
March 21, 2025
THE C12 GROUP, LLC Balance Sheets December 31, 2024 and 2023
| ASSETS | 2024 | 2023 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 1,641,633 | $ 1,601,398 |
| Restricted cash | 1,387,034 | 239,964 |
| Total cash | 3,028,667 | 1,841,362 |
| Accounts receivable | 865,442 | 592,343 |
| Notes receivable, current portion | 8 | 111,967 |
| Supply inventory | 184,109 | 209,905 |
| Prepaid expenses | 691,068 | 50,538 |
| Total current assets | 4,769,286 | 2,806,115 |
| Property and Equipment: | ||
| Office furniture, fixtures and equipment | 76,140 | 76,140 |
| Less accumulated depreciation | (53,480) | (42,603) |
| Net property and equipment | 22,660 | 33,537 |
| Other Assets: | ||
| Goodwill, net of accumulated amortization | 71,971 | 83,966 |
| Website and applications, net of accumulated amortization | 364,493 | 383,284 |
| Right-of-use operating leas |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company's office furniture, fixtures, and equipment were valued at $76,140 in 2023. After accounting for accumulated depreciation of $42,603, the net property and equipment value was $33,537.
This figure represents the original cost of the furniture, fixtures, and equipment that C12 Group owned and used in its operations during that year. The accumulated depreciation reflects the amount of the asset's value that has been expensed over time. The net property and equipment value is the remaining book value of these assets after deducting accumulated depreciation.
Prospective franchisees should note that these figures reflect C12 Group's corporate assets and are not indicative of the investment a franchisee would need to make in their own office furniture, fixtures, and equipment. Franchisees will likely need to purchase their own assets to operate their C12 Group franchise, and these costs would be separate from the figures reported in the company's financial statements.