What was the operating lease expense included in Technology for C12 Group?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
| Operating Lease Right-of-Use Asset | $ 303,466 |
|---|---|
| Current Portion of Operating Lease Liability | 131,566 |
| Operating Lease Liability, less Current Portion | 164,568 |
| Total Lease Liability | $ 296,134 |
The following summarizes the line items in the income statement which include the components of lease expense for the year ended December 31, 2022:
| Operating l
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 C12 Group Franchise Disclosure Document, the operating lease expense included in Technology was $2,896. This figure represents the cost associated with leasing technology-related assets used by C12 Group in its operations.
For a prospective franchisee, understanding this expense is important as it provides insight into the franchisor's overhead costs related to technology. While this specific expense may not directly impact a franchisee's day-to-day operations, it contributes to the overall financial health and stability of C12 Group. Knowing the franchisor's expenses can help a franchisee assess the financial management practices of the company.
It's also worth noting that C12 Group has other operating lease expenses, such as those related to office and equipment, which totaled $121,480. The total operating lease costs for C12 Group amounted to $124,376. Reviewing these figures in totality provides a more comprehensive view of the company's leasing obligations and how they manage their resources.