What was the total current assets for the C12 Group in 2022?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
dings, and certain internal control related matters that we identified during the audit.
ADKF, P.C. San Antonio, Texas March 25, 2024
ADKF,PC
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THE C12 GROUP, LLC Balance Sheets December 31, 2023 and 2022
| ASSETS | 2023 | 2022 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 1,601,398 | $ 1,015,305 |
| Restricted cash | 239,964 | 918,064 |
| Total cash | 1,841,362 | 1,933,369 |
| Accounts receivable | 592,343 | 535,847 |
| Notes receivable, curr |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company's total current assets in 2022 were $2,688,776. This figure represents the sum of C12 Group's cash and cash equivalents, restricted cash, accounts receivable, supply inventory, and other assets that are expected to be converted into cash within one year.
Understanding the composition of current assets is crucial for prospective franchisees. Cash and cash equivalents represent the most liquid assets, while accounts receivable indicate money owed to C12 Group by its clients. Supply inventory reflects the value of materials and supplies on hand, and other assets may include prepaid expenses or short-term investments.
Monitoring these figures over time, as presented in the FDD, can reveal trends in C12 Group's financial health and operational efficiency. A significant increase in total current assets could indicate growth and improved liquidity, while a decrease might signal potential challenges in managing working capital. Therefore, potential franchisees should analyze these figures in conjunction with other financial data provided in the FDD to gain a comprehensive understanding of C12 Group's financial stability.