What was the total current assets value for C12 Group in 2024?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
indings, and certain internal control related matters that we identified during the audit.
ADKF, P.C.
San Antonio, Texas
ADKF,PC
March 21, 2025
THE C12 GROUP, LLC Balance Sheets December 31, 2024 and 2023
| ASSETS | 2024 | 2023 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 1,641,633 | $ 1,601,398 |
| Restricted cash | 1,387,034 | 239,964 |
| Total cash | 3,028,667 | 1,841,362 |
| Accounts receivabl |
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 2024 were valued at $4,769,286. This figure represents the sum of C12 Group's liquid assets and those expected to be converted into cash within a year. These assets include cash and cash equivalents, restricted cash, accounts receivable, notes receivable (current portion), supply inventory, and prepaid expenses.
A prospective franchisee should understand the composition of these current assets, as they reflect the company's short-term financial health and ability to meet its immediate obligations. A substantial portion of these assets is in the form of cash and cash equivalents ($1,641,633) and restricted cash ($1,387,034), indicating a strong liquidity position. Accounts receivable ($865,442) represent money owed to C12 Group by its customers, while supply inventory ($184,109) reflects the value of materials and supplies on hand. Prepaid expenses ($691,068) are payments made in advance for goods or services, such as insurance or rent.
By reviewing the balance sheets, potential franchisees can assess C12 Group's financial stability and how efficiently it manages its resources. Comparing the 2024 figures to those of 2023 ($2,806,115) reveals a significant increase in total current assets. This increase could be due to various factors, such as improved sales, better collection of receivables, or more effective management of expenses. Understanding these trends can provide valuable insights into the company's financial performance and its potential for future growth.