What were the accrued expenses and other current liabilities for Cicis in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current liabilities: | |||
|---|---|---|---|
| Accounts payable | $ 413,045 | $ 107,404 | |
| Accounts payable—marketing fund, restricted | 23,972 | ||
| Current portion of deferred franchise fees | 73,092 | 42,792 | |
| Accrued expenses and other current liabilities | 1,377,451 | 2,131,831 | |
| Related party payable | 596,796 | 169,529 | |
| Marketing fund liabilities, restricted | 1,937,309 | 530,265 |
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the accrued expenses and other current liabilities for 2023 were $2,131,831. This figure represents the total short-term financial obligations Cicis had to external parties at the end of that fiscal year. These liabilities encompass a range of accrued expenses, such as salaries, utilities, and other operational costs that Cicis had incurred but not yet paid.
For a prospective franchisee, understanding this figure provides insight into Cicis's financial management and its ability to meet its short-term obligations. A high level of accrued expenses and other current liabilities could indicate potential cash flow challenges, while a lower figure might suggest more efficient financial management. It is important to note that this figure is a snapshot in time and should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of Cicis's financial health.
Furthermore, the FDD also lists 'Accrued expenses and other current liabilities' under the marketing fund as a negative $175,560 for 2023. This is separate from the general accrued expenses. Additionally, under the marketing fund liabilities, restricted, the amount is listed as negative $1,937,309 for 2023. Reviewing these figures in totality will give a prospective franchisee a better understanding of the financial obligations of Cicis.