What were the total assets for Coffee News on December 31, 2024?
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 company's total assets as of December 31, 2024, were $192,103. The balance sheets provide a comparative view of Coffee News's financial position over three years, also including figures for 2023 and 2022. These figures are derived from an audit conducted in accordance with generally accepted accounting principles in the United States.
Breaking down the asset composition, the balance sheet categorizes assets into current and other assets. Current assets, which are expected to be converted into cash within a year, totaled $90,184 in 2024. This includes cash reserves of $64,135 and accounts receivable (net of reserve for current expected credit losses) of $26,049. Other assets, representing longer-term investments and fixed assets, amounted to $101,919 in 2024. This category includes investments valued at $84,419 and repurchased licenses at $17,500. Notably, furniture and equipment are listed as $0 for 2024, but had values in previous years.
Prospective franchisees should note the composition and changes in asset values over the three-year period. The decrease in total assets from $259,196 in 2023 to $192,103 in 2024 could indicate changes in investment strategies, asset depreciation, or other financial activities. Reviewing these trends in the context of Coffee News's overall financial performance, as detailed in the income statement and cash flow statement, is crucial for assessing the company's financial health and stability. Understanding these figures can help potential franchisees evaluate the financial strength of Coffee News and its ability to support its franchise network.