What was the amount of restricted cash held by C12 Group in 2022?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
Cash and Cash Equivalents: Cash and cash equivalents consist of demand deposits held by financial institutions as well as cash on hand.
Restricted Cash: Restricted cash consists of unearned revenues, including prepaid marketing deposits, training and support fees, as well as prepayment of bookings for the Company's bi-annual conference.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for C12 Group defines restricted cash as unearned revenues, including prepaid marketing deposits, training and support fees, and prepayment of bookings for the company's bi-annual conference. However, the exact amount of restricted cash held by C12 Group as of December 31, 2022, is not specified within the provided excerpts.
While the FDD discusses cash balances exceeding FDIC limits and accounting policies related to cash and cash equivalents, it does not provide a specific figure for restricted cash in 2022. The notes to the consolidated financial statements do define what constitutes restricted cash for C12 Group.
A prospective franchisee should ask C12 Group for the specific amount of restricted cash held in 2022 to gain a clearer understanding of the company's financial position and how these funds are managed. This information would be helpful in assessing the company's financial stability and operational efficiency.