What were the total current liabilities for C12 Group in 2021?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
| 10 1000 | | Other assets | 17,653 | 13,984 | | Total other assets | 661,738 | 801,124 | | | | | | Total Assets | $ 3,501,390 | $ 3,534,314 |
THE C12 GROUP, LLC Balance Sheets December 31, 2023 and 2022
| LIABILITIES AND MEMBERS' EQUITY | 2023 | 2022 |
|---|---|---|
| Current Liabilities: Accounts payable Accrued liabilities Unearned revenu |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the consolidated balance sheets include liabilities and member's equity for 2022 but not 2021. The total current liabilities for 2022 were $1,525,866. Current liabilities consist of accounts payable, accrued liabilities, unearned revenue, and right-of-use operating lease liabilities, current portion.
For a prospective franchisee, understanding the current liabilities of C12 Group can provide insight into the company's short-term financial obligations. Reviewing the components of these liabilities, such as accounts payable and unearned revenue, can help assess the company's operational efficiency and revenue recognition practices.
Since the 2021 figures are not provided, it would be prudent for a potential franchisee to ask C12 Group for the 2021 total current liabilities to compare the company's financial position over time. This information, along with other financial metrics, can aid in making an informed decision about investing in a C12 Group franchise.