What was the total amount of other assets for Coffee News on December 31, 2022?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 other assets | 101,919 | 153,842 | 158,658 | |
| Total assets | $ 192,103 | $ 259,196 | $ 277,059 |
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to Coffee News's 2025 Franchise Disclosure Document, the total other assets for the company on December 31, 2022, amounted to $158,658. This figure is derived from the company's balance sheet, which provides a snapshot of its financial position at the end of the year. The balance sheet categorizes assets into current assets and other assets, with 'other assets' including items like investments, furniture and equipment (net of depreciation), and repurchased licenses.
Specifically, the other assets category is composed of investments valued at $102,181, furniture and equipment (net) at $38,977, and repurchased licenses at $17,500. These components combine to make up the total of $158,658.
For a prospective Coffee News franchisee, understanding the composition and value of these assets can offer insights into the financial stability and resource allocation of the franchisor. It's important to note that these figures reflect the financial position of Coffee News USA, Inc. at a specific point in time and can fluctuate due to various factors, including market conditions, investment performance, and capital expenditures.