What were the total noncurrent 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 | ||
| Other receivables | 58,761 | 55,809 | ||
| Website in development | 194,333 | 100,000 | ||
| Intangible assets, net | 109,488 | 120,257 | ||
| Goodwill, net | 17,058 | 19,438 | ||
| Total noncurrent assets | 379,640 | 295,504 | ||
| Total assets | $ 7,254,259 | $ 8,681,885 |
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the total noncurrent assets in 2023 were $295,504. This figure represents the value of assets that are not expected to be converted to cash within one year.
Noncurrent assets typically include items such as website development costs, intangible assets, and goodwill. For Cicis, these assets play a role in the company's long-term financial health and strategic initiatives. Website in development was valued at $100,000, intangible assets were valued at $120,257, and goodwill was valued at $19,438.
Understanding the composition and value of noncurrent assets is crucial for prospective franchisees. It provides insights into Cicis's investments in its brand, technology, and long-term growth potential. Monitoring these assets over time can help franchisees assess the stability and future prospects of the franchise system.