What was the total amount of other assets 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 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the total other assets for the company in 2021 amounted to $225,578. This figure is derived from the consolidated balance sheets, which provide a snapshot of the company's financial position at the end of 2021. The other assets category includes items such as goodwill, net of amortization, and other miscellaneous assets.
Specifically, the breakdown of other assets in 2021 includes goodwill, net, valued at $198,925 and other assets listed at $26,653. Goodwill typically represents the intangible value associated with acquisitions, while the 'other' category may encompass various items not classified elsewhere. These figures are important for prospective franchisees to understand the composition of C12 Group's assets and how they contribute to the overall financial health of the company.
Understanding the asset composition can help a potential franchisee assess the stability and long-term prospects of C12 Group. Reviewing these figures over several years, as presented in the consolidated balance sheets, can also reveal trends in asset management and investment strategies. It is important to note that these figures are based on accounting principles generally accepted in the United States of America and have been audited by an independent auditor, providing a level of assurance regarding their accuracy.