What was the total amount of other assets for the C12 Group in 2022?
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 Accumulated Depreciation | 351,265 | 327,966 |
| Other Assets: |
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 2022 was $190,807. This figure is comprised of goodwill, net of $176,823, and other assets totaling $13,984.
For a prospective C12 Group franchisee, understanding the composition and value of these assets can provide insights into the financial health and stability of the franchisor. Goodwill, for instance, reflects the value of intangible assets acquired through business acquisitions, while the 'other' category may include items such as prepaid expenses or deferred tax assets. These figures are important for assessing the overall financial position of C12 Group.
It's worth noting that goodwill is subject to amortization, meaning its value is gradually reduced over time, reflecting its use. In C12 Group's case, it would be important to monitor how these assets contribute to the company's performance and profitability, as this can indirectly affect the support and resources available to franchisees. Reviewing these figures in comparison to previous years can reveal trends and inform investment decisions.