What was the total assets for 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 an |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the balance sheet provides details on the company's assets. In 2022, C12 Group's total current assets amounted to $2,688,776. These current assets include cash and cash equivalents of $1,015,305, restricted cash of $918,064, accounts receivable of $535,847, and supplies inventory and other assets of $219,560.
Additionally, C12 Group held website and computer equipment valued at $459,381 and office furniture and equipment at $76,140. After accounting for accumulated depreciation of $184,256, the net property and equipment totaled $351,265 in 2022.
Understanding the composition of C12 Group's assets can be valuable for prospective franchisees. It offers insights into the company's liquidity, the efficiency of its operations, and the scale of its investments in essential resources like technology and infrastructure. Reviewing these figures in comparison to previous years and industry benchmarks can further inform a franchisee's assessment of the financial health and stability of C12 Group.