As of April 30, 2025, what is the total value of Cinnaholic's total assets?
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)
According to Cinnaholic's 2025 Franchise Disclosure Document, the balance sheet as of April 30, 2025, lists total liabilities and equity as $2,662,016.16. In accounting terms, total assets are always equal to the sum of total liabilities and equity. Therefore, Cinnaholic's total assets as of April 30, 2025, are also $2,662,016.16.
For a prospective franchisee, this figure provides a snapshot of Cinnaholic's financial position at a specific point in time. It reflects the resources the company owns (assets) and the obligations it owes to others (liabilities), as well as the ownership stake in the company (equity).
It's important to note that this is a single data point and doesn't provide a complete picture of Cinnaholic's financial health. A potential franchisee should review the entire financial statement, including the income statement and cash flow statement, and compare these figures to previous years to identify trends and assess the company's overall financial performance. Consulting with a financial advisor is recommended to fully understand the implications of these financial statements.