What was the amount of accrued liabilities for Craters & Freighters as of December 31, 2022?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
| $ 9,391,294 $ | 4,370,648 |
Balance Sheets (Continued)
| As of December 31, | 2023 | 2022 |
|---|---|---|
| Current Liabilities: | ||
| Accounts Payable | $ 1,061,526 $ | 1,241,420 |
| Accrued Liabilities | 1,790 | 458 |
| Accrued Bonus | - | 132,340 |
| Operating Lease Liability - Due Wit |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, the accrued liabilities as of December 31, 2022, were $458.
Accrued liabilities represent expenses that Craters & Freighters has incurred but not yet paid. These are short-term liabilities, typically due within a year. Examples include accrued wages, taxes, or interest. For a prospective franchisee, this figure provides insight into the company's short-term financial obligations. A low number may indicate efficient management of payables, while a high number could suggest potential cash flow challenges.
It's important to note that this figure is just one component of Craters & Freighters' overall financial health. A franchisee should review the complete financial statements, including the balance sheet, income statement, and cash flow statement, along with the accompanying notes, to gain a comprehensive understanding of the company's financial position.