What was the operating lease right-of-use asset value for C12 Group in 2023?

According to C12 Group's 2025 Franchise Disclosure Document, the operating lease right-of-use asset value in 2023 was $303,466. This figure represents the value of C12 Group's right to use leased assets, primarily office space and equipment, as recorded on their balance sheet. The company recognizes operating leases with terms longer than 12 months as lease assets and obligations. These are calculated based on the present value of lease payments over the lease term. C12 Group uses the risk-free discount rate to determine these values.

For a prospective franchisee, understanding the operating lease right-of-use asset is crucial because it reflects C12 Group's leasing obligations and how they manage their assets. The current portion of the operating lease liability was $131,566, while the operating lease liability, less the current portion, was $164,568, resulting in a total lease liability of $296,134. This indicates the short-term and long-term components of their lease obligations.

Additionally, the FDD mentions that C12 Group had rent expenses under operating leases totaling approximately $134,000 in 2023. The weighted-average remaining lease term was 1.16 years, and the weighted-average discount rate was 1.08% at the end of the year. These figures provide further insight into the nature and terms of C12 Group's leasing arrangements, which are essential for assessing the company's financial health and stability.