What was the total lease liability for C12 Group as of December 31, 2022?

According to C12 Group's 2025 Franchise Disclosure Document, the present value of their lease liabilities totaled $296,134 as of December 31, 2022. This figure is calculated by taking the total lease payments of $296,342 and subtracting interest of $208.

For a prospective C12 Group franchisee, understanding the company's lease obligations can provide insight into its financial health and stability. While franchisees are not directly liable for these leases, the franchisor's financial stability can impact the support and services they receive. Lease liabilities are a common obligation for businesses, reflecting commitments to pay for the use of property or equipment over a specified period.

It's important to note that this figure represents the present value of future lease payments, discounted to reflect the time value of money. This means that the actual cash outflow for lease payments over the life of the leases will likely be higher due to the inclusion of interest. Reviewing the complete financial statements and notes would provide a more comprehensive understanding of C12 Group's lease obligations and their potential impact on the company's financial performance.