What was the net value of property and equipment for the C12 Group in 2021?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
cial statements of which an unmodified opinion was expressed on those financial statements.
Schriver, Carmona & Company, PLLC
San Antonio, Texas March 15, 2023
Consolidated Balance Sheets December 31, 2022 and 2021
| Assets | 2022 | 2021 |
|---|---|---|
| Current Assets: Cash and Cash Equivalents Restricted Cash Accounts Receivable Supplies Inventory and Other Assets | $ 1,015,305 918,064 535,847 219,560 | $ 557,712 122,954 450,982 155,640 |
| Total Current Assets | 2,688,776 | 1,287,288 |
| Website and Computer Equipment | 459,381 | 356,713 |
| Office Furniture and Equipment | 76,140 | 76,140 |
| Less: Accumulated Depreciation | (184,256) | (104,887) |
| Property and Equipment, Net of Accumulated Depreciation | 351,265 | 327,966 |
| Other Assets: | ||
| Goodwill, Net | 176,823 | 198,925 |
| Other | 13,984 | 26,653 |
| Total Other Assets | 190,807 | 225,578 |
| Operating Lease Right-of-Use Assets | 303,466 | - |
| Total Assets | $ 3,534,314 | $ 1,840,832 |
| Liabilities and Members' Capital | ||
| Liabilities | ||
| Current Liabilities: Accounts Payable Accrued Liabilities Unearned Revenue Current Portion of Operating Lease Liabilities | $ 292,315 187,482 914,503 131,566 | $ 240,457 189,125 98,719 - |
| Total Current Liabilities | 1,525,866 | 528,301 |
| Operating |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the net value of property and equipment as of December 31, 2021, was $327,966. This figure represents the value of the company's website and computer equipment, as well as office furniture and equipment, less accumulated depreciation.
Specifically, the gross value of website and computer equipment was $356,713 and office furniture and equipment was $76,140. Accumulated depreciation was $104,887. The net value is calculated by subtracting the accumulated depreciation from the sum of the gross values of these assets.
For a prospective franchisee, this indicates the level of investment C12 Group has in its own infrastructure and fixed assets. While not directly impacting the franchisee's initial investment, it provides insight into the company's financial management and asset base.