What was the total amount of restricted cash held by 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 |
|---|
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, C12 Group's consolidated balance sheets include restricted cash as an asset. As of December 31, 2021, C12 Group held $122,954 in restricted cash.
Restricted cash, unlike unrestricted cash, is designated for a specific purpose and is not available for general use by the company. This restriction could be due to legal requirements, contractual agreements, or internal decisions made by C12 Group.
For a prospective franchisee, understanding the amount of restricted cash C12 Group holds can provide insights into the company's financial obligations and how much cash is readily available for operational needs. It is important to note that restricted cash is still an asset, but its limited usability should be considered when evaluating the company's overall financial health.