What is the total cash reported for C12 Group in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
ears remain subject to examination. The Company is subject to the Texas margin tax.
Advertising: Advertising costs are expensed as incurred.
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued
Concentrations of Risk: Financial instruments that potentially expose the Company to credit risk consist principally of cash and trade accounts receivables. The Company occasionally maintains cash balances in financial institutions that exceed the amounts insured by the FDIC. The Company p
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, C12 Group's financial statements indicate that the company held cash balances in financial institutions exceeding the amounts insured by the FDIC. Specifically, cash balances in excess of the insured limit totaled approximately $139,000 at December 31, 2023.
This detail is important for prospective franchisees as it provides insight into C12 Group's cash management practices and potential risk exposure related to its cash holdings. While the company believes the risk of loss is minimal, it's worth noting that a portion of their cash is not fully insured by the FDIC.
Franchisees should consider this information in the context of C12 Group's overall financial health and risk management strategies. It is typical for companies to hold cash balances above FDIC insurance limits, but understanding the amount and the company's assessment of the associated risk is a prudent step in evaluating the franchise opportunity.