What was the total amount of cash and cash equivalents held by C12 Group in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
dings, and certain internal control related matters that we identified during the audit.
ADKF, P.C. San Antonio, Texas March 25, 2024
ADKF,PC
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THE C12 GROUP, LLC Balance Sheets December 31, 2023 and 2022
| ASSETS | 2023 | 2022 | |------------------------------------------
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company's balance sheet for December 31, 2023, shows that it held $1,601,398 in cash and cash equivalents. Additionally, C12 Group held $239,964 in restricted cash, bringing the total cash to $1,841,362.
Cash and cash equivalents are defined as demand deposits held by financial institutions as well as cash on hand. Restricted cash consists of prepaid funds for new territory marketing, cash accrued for the long-term incentive program, and unearned revenues from the presale of tickets to the Company's bi-annual conference.
These figures reflect C12 Group's liquid assets available for operations and strategic investments. A prospective franchisee should consider these figures in relation to the company's overall financial health and stability, as detailed in the balance sheets.