What was the reported value of C12 Group's prepaid expenses in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of The C12 Group, LLC (the Company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, changes in members' equity, and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the specific value of C12 Group's prepaid expenses as of December 31, 2023, is not explicitly disclosed within the provided excerpts. While the document includes financial statements and auditor's reports, along with details on accounting policies and various assets and liabilities, it does not break out a line item for 'prepaid expenses'.
Item 22 includes the consolidated balance sheets as of December 31, 2024 and 2023, and the related statements of operations, changes in members' equity, and cash flows for the years then ended, and the related notes to the financial statements. However, a detailed breakdown of specific assets like prepaid expenses is not provided in the excerpts.
A prospective C12 Group franchisee would need to consult the full audited financial statements within the FDD or request this specific information from the franchisor to fully understand the company's financial health and working capital management. Understanding the level of prepaid expenses can provide insights into how C12 Group manages its operational costs and obligations.