What was the loss on disposal of property and equipment for Cool Binz in 2024?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| | Stockholders' Equity | 59,275 | 70,383 | 115,695 | | Total Liabilities and Stockholders' Equity | $ 71,456 | $ 84,979 | $ 130,969 |
Consolidated Statements of Operations (dollars in thousands)
| Year ending December 31, | | |---|---| | 2025 | $4,354 | | 2026 | 3,808 | BFG Holdco, Inc.
Consolidated Statements of Stockholders' Equity (dollars in thousands)
| Thereafter | 6,654 |
|---|---|
| Total | $23,789 |
Consolidated Statements of Cash Flows (dollars in thousands)
| Year ended December 31, | 2024 | 2023 | 2022 (as restated) |
|---|---|---|---|
| Cash Flows from Operating Activities | $ (11,108) | $ (44,277) | $ (6,330) |
| Consolidated net loss | |||
| Adjustments to reconcile consolidated net | |||
| loss to net cash (used in) provided by | |||
| operating activities: | |||
| Depreciation | 505 | 591 | 490 |
| Amortization of intangible assets | 4,380 | 4,380 | 5,169 |
| Credit (recovery) loss | (296) | 627 | 6,949 |
| Loss on disposal of property and equipment | 781 | - | - |
| Impairment of g |
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the loss on disposal of property and equipment in 2024 was $781.
This figure is part of the adjustments made to reconcile the consolidated net loss to net cash used in operating activities. It represents a loss incurred when Cool Binz disposed of property and equipment during that year.
For a prospective franchisee, this indicates that Cool Binz, as a company, experienced some loss related to the disposal of assets. While not directly impacting a franchisee's day-to-day operations, it provides insight into the company's financial management and asset handling practices. Reviewing trends in these losses over multiple years (2022-2024) could offer a more comprehensive understanding of how Cool Binz manages its assets.