What was the increase (decrease) in payroll liabilities for Cr3 American Exteriors in 2024?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
Loss | (46,591) | | Equity at December 31, 2022 | $ 4,820 | | Equity at January 1, 2023 | $ 4,820 | | Capital Contributions | 28,589 | | Net Loss | (14,538) | | Equity at December 31, 2023 | $ 18,871 | | Equity at January 1, 2024 | $ 18,871 | | Capital Contributions | 30,000 | | Net Loss | 89,667 | | Equity at December 31, 2024 | $ 138,538 |
Statements of Cash Flows For The Three Years Ended December 31, 2024
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash Flows From Operating Activities: | · | ||
| Net Income (Loss) | $ 89,667 | $ (14,538) | $ (46,591) |
| Adjustments to Reconcile Net Loss to Net | |||
| Cash Provided by Operating Activities: | |||
| Depreciation & Amortization | 87 | 87 | 29 |
| Changes in Assets and Liabi |
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to Cr3 American Exteriors' 2025 Franchise Disclosure Document, the company experienced an increase in payroll liabilities in 2024. The increase in payroll liabilities from 2023 to 2024 was $1,628 compared to $1,523.
Payroll liabilities typically include accrued wages, salaries, and related payroll taxes that a company owes to its employees and taxing authorities. An increase in these liabilities could indicate Cr3 American Exteriors expanded its workforce or increased employee compensation during that period.
For a prospective franchisee, this information provides insight into the financial management and potential growth of Cr3 American Exteriors. While an increase in payroll liabilities can be a sign of growth, it also means the company has more short-term obligations to manage. Franchisees may want to inquire about the company's strategies for managing payroll and ensuring compliance with employment laws.