What were the total liabilities and members' equity for The C12 Group, LLC in 2022?
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 revenue Right-of-use operating lease liabilities, current portion Total current liabilities | $ 259,919 | $ 292,315 |
| 147,458 | 187,482 | |
| 238,717 | 914,503 | |
| 132,737 | 131,566 | |
| 778,831 | 1,525,866 | |
| Long-Term Liabilities: Right-of-use operating lease liabilitie |
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 liabilities and members' equity in 2022 was $3,534,314. This figure represents the sum of all the company's obligations to creditors (liabilities) and the owners' stake in the company (members' equity) at the end of the 2022 fiscal year.
Specifically, the liabilities are broken down into current and long-term liabilities. Current liabilities, which are obligations due within one year, included accounts payable of $292,315, accrued liabilities of $187,482, unearned revenue of $914,503, and the current portion of right-of-use operating lease liabilities totaling $131,566. Long-term liabilities, those due beyond one year, consisted of right-of-use operating lease liabilities, less the current portion, amounting to $164,568. The members' equity, representing the owners' investment in the company, totaled $1,843,880 in 2022.
For a prospective C12 Group franchisee, understanding these figures provides insight into the financial structure and stability of the franchisor. A higher members' equity generally indicates a stronger financial position, while the composition of liabilities can reveal the company's short-term and long-term obligations. Reviewing these figures over time, as presented in the FDD, can help potential franchisees assess the financial trends and overall health of C12 Group.