What was the total amount of long-term liabilities for C12 Group in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
| 10 1000 | | Other assets | 17,653 | 13,984 | | Total other assets | 661,738 | 801,124 | | | | | | Total Assets | $ 3,501,390 | $ 3,534,314 |
THE C12 GROUP, LLC Balance Sheets December 31, 2023 and 2022
| LIABILITIES AND MEMBERS' EQUITY | 2023 | 2022 |
|---|---|---|
| Current Liabilities: Accounts payable Accrued liabilities Unearned revenue Right-of-use operating lease liabilities, current portion Total current liabilities | $ 259,919 | $ 292,315 |
| 147,458 | 187,482 | |
| 238,717 | 914,503 | |
| 132,737 | 131,566 | |
| 778,831 | 1,525,866 | |
| Long-Term Liabilities: Right-of-use operating lease liabilitie |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the total long-term liabilities for 2023 were $33,449. These liabilities are specified as 'Right-of-use operating lease liabilities, less current portion.'
This figure represents the portion of C12 Group's operating lease obligations that are not due within the next year. Operating leases typically involve the use of assets like office space or equipment, and the long-term liability reflects the future lease payments extending beyond the current year.
For a prospective franchisee, understanding the long-term liabilities of C12 Group can provide insight into the company's financial obligations and stability. It's important to note that these liabilities relate specifically to lease agreements and do not represent other forms of long-term debt. Reviewing these figures in conjunction with other financial statement data can offer a more comprehensive view of C12 Group's financial health.