What was the reported amount of accrued liabilities for Checkersrallys as of January 2, 2023 (Predecessor)?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
ns for its pro rata share of 5% of the equity of Topco. After the Out-of-Court Restructuring, lenders which own a significant percentage of Topco's equity are included in the below table as related parties. Refer to Note 13. Debt, Financing Obligations and Credit Facilities.
As of
A summary of related-party transactions follows:
| ab or | ||||
|---|---|---|---|---|
| Balance sheet amounts | ary 1, 2024 ccessor) | January 2, 2023 (Predecessor) | ||
| Accounts receivable from NPF and CDSI | $ 3,325 | $ | 2,26 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the amount of accrued liabilities as of January 2, 2023 (Predecessor) was $716. This figure is derived from the balance sheets included in the financial statements.
Accrued liabilities represent obligations that Checkersrallys had incurred but not yet paid as of that date. These can include items like wages, taxes, interest, or other expenses. For a prospective franchisee, this number provides a snapshot of the company's short-term financial obligations at that time.
It's important to note that this figure is from the Predecessor period, meaning it reflects the financial standing before any potential acquisition or restructuring. Reviewing the balance sheet from the Successor period (January 1, 2024) alongside this provides a more complete picture of how Checkersrallys's liabilities have evolved. Comparing these figures can reveal trends and potential areas of financial improvement or concern.