What was the total amount of Cicis' accrued expenses and other current liabilities in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| Liabilities and Members' Capital | ||
| Current liabilities: | ||
| Accounts payable | $ 413,045 | $ 107,404 |
| Accounts payable—marketing fund, restricted | 206,861 | 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 |
| Total current liabilities | 4,604,554 | 3,005,793 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the company's accrued expenses and other current liabilities totaled $1,377,451 in 2023. This figure represents the accumulation of expenses that Cicis has incurred but not yet paid, along with other short-term financial obligations. These liabilities are considered current, meaning they are expected to be settled within one year.
For a prospective Cicis franchisee, understanding this figure provides insight into the company's short-term financial health and its ability to manage its immediate obligations. Accrued expenses can include items such as unpaid wages, rent, utilities, and taxes. A significant change in this figure from year to year could indicate shifts in Cicis's operational efficiency or financial management practices.
It's important to note that this is just one component of Cicis's overall financial picture. A franchisee should review the complete financial statements, including the balance sheet, income statement, and cash flow statement, to gain a comprehensive understanding of the company's financial position and performance. Additionally, comparing these figures to industry benchmarks and the financial performance of other franchise systems can provide valuable context for assessing the financial health of Cicis.