What were the total long-term liabilities for The C12 Group, LLC in 2023?
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 total long-term liabilities for the company in 2023 were $33,449. This figure is comprised solely of right-of-use operating lease liabilities, less the current portion.
For a prospective franchisee, understanding the long-term liabilities of the franchisor can provide insight into the financial stability and long-term financial obligations of C12 Group. These liabilities represent financial obligations that C12 Group has extending beyond the next year.
It is important to note that long-term liabilities can impact the franchisor's ability to support its franchisees or invest in future growth. Franchisees may want to compare these liabilities with those of other franchise systems to assess the relative financial risk. Reviewing these figures in conjunction with other financial metrics, such as revenue and total equity, will provide a more comprehensive view of C12 Group's financial health.