What was the amount of restricted cash for C12 Group in 2023?

Based on the 2025 Franchise Disclosure Document, the excerpts provided do not contain the specific amount of restricted cash held by C12 Group in 2023. The excerpts do include the Statements of Cash Flows for the years ended December 31, 2023 and 2022, and for the years ended December 31, 2024 and 2023, but do not specify the amount of restricted cash. Also, the excerpts mention cash balances exceeding FDIC limits, but this is not the same as restricted cash. The notes to the financial statements may contain this information, but they are not included in the provided excerpts.

As the FDD excerpts do not specify the restricted cash amount, a prospective franchisee should ask C12 Group directly for their balance sheets and related financial statements. This will allow them to review the amount of restricted cash held by the company in 2023. Understanding the levels of restricted cash can help a franchisee assess the company's financial health and stability.

It is important to note that restricted cash is cash that is held for a specific purpose and is not available for general use by the company. This could include funds held in escrow, security deposits, or other amounts that are legally or contractually restricted. Reviewing the balance sheets and related financial statements will provide a clearer picture of C12 Group's financial position and its ability to meet its obligations.