What were the total current assets for Cicis in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |||
|---|---|---|---|---|
| Current assets: | ||||
| Cash and cash equivalents | $ 2,931,372 | $ 5,107,778 | ||
| Cash and cash equivalents—marketing fund, restricted | 771,794 | 432,296 | ||
| Accounts receivable, net: | ||||
| Trade receivables | - | 186,610 | ||
| Marketing fund, restricted | 2,863,362 | 1,556,337 | ||
| Related party receivable | 79,530 | 833,117 | ||
| Prepaid expenses and other current assets | 228,561 | 270,243 | ||
| Total current assets | 6,874,619 | 8,386,381 |
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the total current assets for Cicis in 2023 were $8,386,381. This figure represents the sum of Cicis's liquid assets and those that can be converted into cash within a year. These assets include cash and cash equivalents, marketing fund cash, accounts receivable, related party receivables, and prepaid expenses.
Understanding the composition and value of current assets is crucial for prospective franchisees. It provides insight into the financial health and liquidity of Cicis. A higher value of current assets suggests that Cicis is better positioned to meet its short-term obligations and invest in future growth.
For a potential franchisee, this information is valuable in assessing the financial stability of Cicis. It also allows for comparison against previous years to identify trends and potential areas of concern. Reviewing these figures in conjunction with current liabilities can provide a clearer picture of Cicis's working capital and overall financial risk.