As of April 30, 2025, what is the total value of Cinnaholic's accounts receivable?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
Current Assets | $2,487,071.19 | | Other Assets | | | Accounts Receivable - Accrual | 174,944.79 | | Inter-Company Receivable Athens | 0.00 | | Notes Receivable - F4 Investments | 0.18 | | Total Other Assets | $174,944.97 | | TOTAL ASSETS | $2,662,016.16 |
Balance Sheet As of April 30, 2025
| TOTAL | |
|---|---|
| LIABILITIES AND EQUITY | |
| Liabilities | |
| Current Liabilities | |
| Other Current Liabilities | |
| Accounts Payable Accrual | 13,282.0 |
| Advertising Fund Liability | 10,218.00 |
| Deferred revenues - ST | 1,013,889.00 |
| Direct Deposit Payable | 0.0 |
| Gift Cards | 7,370.7 |
| Interest Payable | 10,661.00 |
| Loan from On Deck | 0.00 |
| Loan from SBA | 0.00 |
| Payroll Liabilities | 295,119.69 |
| Total Other Current Liabilities | $1,350,540.43 |
| Total Current Liabilities | $1,350,540.43 |
| Long-Term Liabilities | |
| Cinnaholic Canada | 440,959.00 |
| Deferred Revenues | 2,632,111.00 |
| Loan from Canada | 0.00 |
| Notes Payable | 0.00 |
| Loan from Daryl Dollinger | 55,000.00 |
| Total Notes Payable | 55,000.00 |
| Total Long-Term Liabilities | $3,128,070.00 |
| Total Liabilities | $4,478,610.43 |
| Equity | |
| Equity Correction Account | -0.02 |
| Opening Balance Equity | 9.84 |
| Other Comprehensive Income | 0.49 |
| Retained Earnings | -1,506,115.4 |
| Shareholder Distribution - Daryl I Dollinger | -113,696.00 |
| Shareholder Distribution - Florian Radke | -105,361.0 |
| Shareholder Distribution - Spencer Reid | -170,750.0 |
| Shareholder Distributions |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the balance sheet as of April 30, 2025, does not list a specific value for "accounts receivable." However, it does include a breakdown of liabilities and equity.
The current liabilities section includes items such as "Accounts Payable Accrual" which is listed at $13,282.0, "Advertising Fund Liability" at $10,218.00, "Deferred revenues - ST" at $1,013,889.00, "Gift Cards" at $7,370.7, and "Payroll Liabilities" at $295,119.69. These figures represent short-term obligations of Cinnaholic Franchising LLC.
The document does not explicitly state the accounts receivable balance. A prospective franchisee should request clarification from Cinnaholic regarding their accounts receivable, including the amounts, aging, and collectability, to gain a clearer picture of the company's financial health and operational efficiency.