What was the amount of deferred revenue - renewal fee, current, for Canine Dimensions in 2022?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES AND MEMBER'S EQUITY | | CURRENT LIABILITIES | | Deferred Revenue - Initial Fee, Current | 21,000 | 17,500 | | Deferred Revenue - Renewal Fee, Current | 700 | 700 | | TOTAL CURRENT LIABILITIES | 21,700 | 18,200 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
According to Canine Dimensions's 2025 Franchise Disclosure Document, the deferred revenue - renewal fee, current, was $700 in 2022. This liability represents renewal fees that Canine Dimensions has collected but not yet recognized as revenue because the service period hasn't elapsed.
For a prospective franchisee, this indicates that Canine Dimensions receives revenue from franchise renewals. The 'current' portion means this revenue is expected to be recognized within the next year. Monitoring deferred revenue trends can provide insights into the stability and predictability of Canine Dimensions's income streams.
It's important to note that this is just one component of Canine Dimensions's overall financial picture. A potential franchisee should analyze all aspects of the financial statements, including revenue, expenses, assets, and liabilities, to gain a comprehensive understanding of the franchisor's financial health and performance.