What was the interest income earned on the certificate of deposit for Counselor Realty in 2022?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
December 31, 2024, 2023 and 2022
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| Cash Flows From Operating Activities | ||||
| Net income (loss) | $ (3,967) | $ | (8,873) | $ 11,780 |
| Adjustments to reconcile net income (loss) to net cash | ||||
| flows from operating activities: | ||||
| Interest income earned on certificate of deposit | (977) | (280) | - | |
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | 1,574 | 1,504 | (662) | |
| Due to franchise | 50 | - | - | |
| Due to parent company | - | - | (500) | |
| Net cash flows from operating activities | (3,320) | (7,649) | 10,618 | |
| Cash Flows From Investing Activities | ||||
| Purchase of certificates of deposit | (136,814) | (130,000) | - | |
| Redemption of certificates of deposit | 130,280 | - | - | |
| Net cash flows from investing activities | (6,534) | (130,000) | - | |
| Increase (decrease) in cash | (9,854) | (137,649) | 10,618 | |
| Cash, Beginning | 80,311 | 217,960 | 207,342 | |
| Cash, Ending | $ |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the interest income earned on the certificate of deposit in 2022 was not specified. The provided table includes a line item for 'Interest income earned on certificate of deposit' but lists a dash (-) for the 2022 amount.
This suggests that either the interest income was zero, or the amount was so negligible that it wasn't recorded or disclosed separately in the financial statements for that year. It's important to note that financial statements often round to the nearest dollar, so very small amounts might not be explicitly shown.
A prospective franchisee should consider this in the context of Counselor Realty's overall financial performance. While the interest income itself may be insignificant, understanding how the company manages its cash and investments can provide insights into its financial strategy. It would be prudent for a potential franchisee to inquire with Counselor Realty about the typical interest earned on certificates of deposit and the company's investment policies to gain a clearer picture.