What was the present value of lease liabilities for C12 Group as of December 31, 2022?

According to C12 Group's 2025 Franchise Disclosure Document, the present value of lease liabilities as of December 31, 2022, was $296,134. This figure represents the discounted value of future lease payments, reflecting the company's obligations for leased office space and equipment. The total lease payments were $296,342, but after deducting interest of $208, the present value was calculated.

For a prospective C12 Group franchisee, understanding the present value of lease liabilities is crucial because it provides insight into the company's financial obligations related to its leases. This information, combined with the details about operating leases, helps potential franchisees assess the financial health and stability of C12 Group. It's important to note that these lease obligations are for the company itself and not directly for the franchisees, as franchisees typically manage their own office spaces and related leases.

The FDD also mentions that C12 Group has operating leases for certain office space and equipment. In 2023 and 2022, the rent expenses under these leases totaled approximately $134,000 and $124,000, respectively. 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 additional context regarding the company's lease commitments and how they are accounted for in its financial statements.

Overall, the information regarding lease liabilities and operating leases offers a glimpse into C12 Group's financial practices and obligations. While this information pertains to the franchisor's financial commitments, it indirectly informs potential franchisees about the financial management and stability of the overall organization. Prospective franchisees should consider these figures as part of their broader due diligence when evaluating the franchise opportunity.