As of April 30, 2025, what is the total value of Cinnaholic's total current assets?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
| DECE | MBER 31 | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $ 42,590 | $ 264,588 |
| Securities held for sale | - | 88,212 |
| Accounts Receivable | 188,000 | 282,821 |
| Prepaid asset | 536,157 | 434,231 |
| Due from franchisee | 1,500 | 1,500 |
| Contract assets | 145,664 | 132,139 |
| Total Current Assets | 913,911 | 1,203,491 |
| Contract assets-net of current | 826,565 | 843,747 |
| Total Assets | $ 1,740,476 | $ 2,047,238 |
| TOTAL | ||
| ------------------------------------------------ | ---------------- | |
| ASSETS | ||
| Current Assets | ||
| Bank Accounts | ||
| A/P Gift Card Acct x5633 | 8,546.48 | |
| Clearing Account | 0.00 | |
| NMF Checking Acct x5476 | 13,381.96 | |
| Primary Business Ckg x1652 | 72,751.71 | |
| Schwab Money Market x1771 (Lakeshore Advisors) | 171,722.11 | |
| Total Bank Accounts | $266,402.26 | |
| Accounts Receivable | ||
| Accounts Receivable | -10,000.00 | |
| Total Accounts Receivable | $ -10,000.00 | |
| Other Current Assets | ||
| Employee Cash Advances | 0.00 | |
| ERC Receivables | 0.00 | |
| Franchise Fees Receivable | 261,000.00 | |
| Loan to Franchisee | 1,500.00 | |
| Prepaid Commissions | 712,957.00 | |
| Prepaid Commissions ST | 262,929.00 | |
| Prepaid Expenses | 0.00 | |
| Alpha Matter POS Upgrade | 531,515.48 | |
| Coral Springs | 132,699.2 | |
| Dunwoody | 353,068.24 | |
| Total Prepaid Expenses | 1,017,282.93 | |
| Shareholder Loans | -25,000.00 | |
| Uncategorized Asset | 0.00 | |
| Undeposited Funds | 0.00 | |
| Total Other Current Assets | $2,230,668.93 | |
| Total Current Assets | $2,487,071.19 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, a balance sheet as of April 30, 2025, is mentioned. However, the document excerpt provides balance sheet information only as of December 31, 2023 and December 31, 2024.
As of December 31, 2023, Cinnaholic's total current assets were $913,911. These assets included cash ($42,590), accounts receivable ($188,000), prepaid assets ($536,157), due from franchisee ($1,500), and contract assets ($145,664).
As of December 31, 2024, Cinnaholic's total current assets were $2,487,071.19. This total comprised bank accounts ($266,402.26), accounts receivable ($ -10,000.00), and other current assets ($2,230,668.93). The other current assets included items such as franchise fees receivable ($261,000.00) and prepaid commissions ($712,957.00).
Because the provided FDD excerpts do not contain the specific figure for total current assets as of April 30, 2025, a prospective franchisee should ask Cinnaholic's franchisor for this information to gain a clearer understanding of the company's financial position at that specific date. This information is crucial for assessing the company's short-term financial health and ability to meet its immediate obligations.