What was the total amount of unearned revenue reported by C12 Group in 2022?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
capitalized. These intangible assets are amortized using the straight-line method over a five-year life. Accumulated amortization totaled $308,762 at December 31, 2024 and $185,725 at December 31, 2023.
Unearned Revenue: The Company receives prepayments for
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company receives prepayments for sponsorships and ticket sales to its bi-annual conference. This revenue is recognized once the revenue cycle is completed. The customer deposits totaled $914,503 at the beginning of the earliest year presented.
While the exact amount of unearned revenue for 2022 is not explicitly stated, the FDD mentions that customer deposits totaled $914,503 at the beginning of the earliest year presented. This implies that the unearned revenue balance has been consistent over time.
A prospective franchisee should inquire about the specific unearned revenue amounts for 2022 and subsequent years to understand the fluctuations and timing of revenue recognition related to these prepayments. Understanding the historical trend of unearned revenue can help a franchisee better forecast future income and manage their finances effectively.