What were the total liabilities for Clean Your Dirty Face in 2023?
Clean_Your_Dirty_Face Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | ||
|---|---|---|---|
| Liabilities | |||
| Credit cards payable | $ - | $ | 2,174 |
| Accrued expenses | 7,373 | 3,508 | |
| Deferred revenue | 700,000 | 850,000 | |
| Total Liabilities | 707,373 | 855,682 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Clean Your Dirty Face's 2025 Franchise Disclosure Document, the company's total liabilities in 2023 were $855,682. This figure represents the sum of several specific liabilities, including credit cards payable, accrued expenses, and deferred revenue.
Specifically, Clean Your Dirty Face's liabilities included $2,174 in credit cards payable, $3,508 in accrued expenses, and $850,000 in deferred revenue. Deferred revenue typically represents payments Clean Your Dirty Face has received for services or products that have not yet been delivered or provided.
Understanding the composition of these liabilities is crucial for prospective franchisees. A high level of deferred revenue could indicate strong future revenue streams, but it also represents a commitment to provide future services. Accrued expenses, on the other hand, reflect expenses that Clean Your Dirty Face has incurred but not yet paid. Monitoring these liabilities helps potential franchisees assess the company's financial health and stability.