What was the amount due to the shareholder from Craters & Freighters as of December 31, 2024?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
l course of business and were conducted on an arm's length basis.
In December 2023, the Shareholder provided the Company $5,000,000 to fund future investments. During the year ended December 31, 2023, the Shareholder took $2,230,312 in distributions which has been offset against the Shareholder advance. At December 31, 2023, $2,769,688 remained as a balance with a maturity date of January 1, 2026. The remaining balance of $2,769,688 was paid in full during the year ended December 31, 20
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, the amount due to the shareholder as of December 31, 2024, was $0. This indicates that Craters & Freighters had fully paid off the shareholder balance by the end of 2024.
In December 2023, the Shareholder provided Craters & Freighters $5,000,000 to fund future investments. During the year ended December 31, 2023, the Shareholder took $2,230,312 in distributions which was offset against the Shareholder advance. At December 31, 2023, $2,769,688 remained as a balance with a maturity date of January 1, 2026.
The remaining balance of $2,769,688 was paid in full during the year ended December 31, 2024, resulting in no outstanding amount due to the shareholder at the end of that year. This suggests that Craters & Freighters managed to generate sufficient cash flow or secure other financing to settle its obligations to the shareholder within a year.