What was the total amount of other assets for Coffee News in 2024?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
in above Sections 11.4 (a) and (b) depending upon the skill level and knowledge of the buyer or transferee.
12. LEGAL FEES ASSOCIATED WITH FRANCHISE.
| December 31, 2024, 2023 and 2022 | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| ASSETS | ||||
| Current assets | ||||
| Cash | $ 64,135 | $ 66,796 | $ 94,422 | |
| Accounts receivable, net of reserve for current expected credit | ||||
| losses of $80,000 in 2024 and $120,000 in 2023 and 2022 | 26,049 | 38,558 | 23,979 | |
| Total current assets | 90,184 | 105,354 | 118,401 | |
| Other assets | ||||
| Investments | 84,419 | 104,477 | 102,181 | |
| Furniture and equipment, net | - | 31,865 | 38,977 | |
| Repurchased licenses | 17,500 | 17,500 | 17,500 | |
| Total |
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to Coffee News's 2025 Franchise Disclosure Document, the company's total other assets in 2024 amounted to $101,919. This figure is comprised of several components, including investments valued at $84,419, repurchased licenses at $17,500, and furniture and equipment listed at $0.
When evaluating the financial health of Coffee News, it's important to note the composition and changes in these asset categories over time. For instance, the value of furniture and equipment decreased significantly from $31,865 in 2023 to $0 in 2024. This could reflect depreciation, disposal of assets, or a change in accounting practices. Investments also decreased from $104,477 in 2023 to $84,419 in 2024.
Prospective franchisees should pay close attention to these trends and seek clarification from Coffee News regarding the reasons behind these changes. Understanding the nature of these assets and their fluctuations can provide valuable insights into the company's financial management and overall stability. Reviewing these figures in comparison to previous years, as presented in the table, provides a more comprehensive understanding of Coffee News's asset management.