What was the total of C12 Group's customer deposits at the beginning of the earliest year presented?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
capitalized. These intangible assets are amortized using the straight-line method over a five-year life. Accumulated amortization totaled $308,762 at December 31, 2024 and $185,725 at December 31, 2023.
Unearned Revenue: The Company receives prepayments for
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, customer deposits totaled $914,503 at the beginning of the earliest year presented. This figure represents prepayments C12 Group received for sponsorships and ticket sales to its bi-annual conference. The company recognizes this revenue when the revenue cycle is completed.
For a prospective C12 Group franchisee, this indicates that the company holds a significant amount in customer deposits related to its bi-annual conference. This could be a positive sign, suggesting strong interest and participation in the event. However, it also means C12 Group has a responsibility to deliver the conference as expected to recognize this revenue.
It's important to note that these deposits are specifically tied to sponsorships and ticket sales for the bi-annual conference. The FDD does not specify the exact timing of when these deposits are collected or when the conference occurs, so a potential franchisee should inquire about the timing of these events and how they impact cash flow.