What was the total value of C12 Group's supply inventory in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
dings, and certain internal control related matters that we identified during the audit.
ADKF, P.C. San Antonio, Texas March 25, 2024
ADKF,PC
- 2 -
THE C12 GROUP, LLC Balance Sheets December 31, 2023 and 2022
| ASSETS | 2023 | 2022 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 1,601,398 | $ 1,015,305 |
| Restricted cash | 239,964 | 918,064 |
| Total cash | 1,841,362 | 1,933,369 |
| Accounts rece |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company's supply inventory was valued at $209,905 in 2023. This figure is part of the company's current assets, which totaled $2,806,115 for the same year.
For a prospective franchisee, understanding the supply inventory value can offer insights into the operational needs and potential costs associated with running a C12 Group franchise. It represents the value of materials and supplies the company holds for use in its business operations.
Reviewing these figures in comparison to previous years, such as the $169,408 in 2022, can indicate trends in C12 Group's operations and inventory management. Monitoring these assets is a standard accounting practice that can help potential franchisees assess the financial health and stability of the company.