What were the total assets of Chocolate Bash as of December 31, 2021?

According to Chocolate Bash's 2024 Franchise Disclosure Document, the company's total assets as of December 31, 2021, were $104,922. This figure represents the sum of Chocolate Bash's current and non-current assets at that time. Current assets, which are assets expected to be converted to cash within one year, totaled $104,922, while non-current assets amounted to $0 as of this date.

For a prospective franchisee, this figure provides a snapshot of the financial health and scale of Chocolate Bash at the end of 2021. It's important to consider this number in conjunction with other financial metrics, such as liabilities and equity, to gain a comprehensive understanding of the company's financial position. A higher asset value can indicate greater financial stability, but it's crucial to assess how those assets are composed and whether they are liquid or tied up in less accessible forms.

It is also important to note that the financial statements have been audited by an independent accountant, which adds a level of assurance to the accuracy of the reported figures. However, prospective franchisees should still conduct their own due diligence and consult with a financial advisor to fully understand the implications of Chocolate Bash's financial statements.

In addition to the total assets, the balance sheet also provides a breakdown of the company's liabilities and equity. As of December 31, 2021, Chocolate Bash had total liabilities of $57,000 and total shareholders' equity of $47,922. This information can be used to assess the company's leverage and the proportion of assets financed by debt versus equity.