What was the amount of Office Equipment for Craters & Freighters as of December 31, 2024?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
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| As of December 31, | 2024 | 2023 |
|---|---|---|
| Current Assets: | ||
| Cash and Cash Equivalents | $ 5,342,958 $ | 6,991,649 |
| Marketable Securities - At Fair Market Value | 780,245 | 634,869 |
| Accounts Receivable - Net of Allowance for | ||
| Credit Losses of $20,000 and $50,000, Respectively | 702,206 | 569,660 |
| Other Receivable | 132,658 | - |
| Notes Receivable | 11,662 | - |
| Prepaid Expenses | 234,686 | 201,226 |
| Inventories | 7,592 | - |
| Total Current Assets | 7,212,007 | 8,397,404 |
| Property and Equipment - At Cost: | ||
| Office Equipment | 102,860 | 80,613 |
| Furniture and Fixtures | 19,863 | 19,863 |
| Leasehold Improvements | 11,415 | 11,415 |
| Vehicles | 202,688 | 202,688 |
| 336,826 | 314,579 | |
| Less: Accumulated Depreciation | (175,649) | (133,628 |
| Property and Equipment - Net | 161,177 | 180,951 |
| Other Assets: | ||
| Software Development - Net of Accumulated | ||
| Amortization of $434,154 and $317,185, Respectively | 197,251 | 153,931 |
| Due from Related Party | - | 356,391 |
| Notes Receivable | 5,329 | - |
| Note Receivable - Former Employee | 160,000 | 160,000 |
| Right-of-Use Asset - Operating Lease | 56,053 | 130,071 |
| Deposits | 12,546 | 12,546 |
| Total Other Assets | 431,179 | 812,939 |
| TOTAL ASSETS | $ 7,804,363 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, the cost of office equipment as of December 31, 2024, was $102,860. This figure represents the original purchase price of the office equipment owned by Craters & Freighters.
This information is part of the broader financial picture presented in the balance sheets, which also includes figures for furniture and fixtures, leasehold improvements, and vehicles. These assets are listed at cost, with a separate line item for accumulated depreciation, which is then subtracted to arrive at the net book value. For a prospective franchisee, understanding these values can be helpful in assessing the company's financial health and how it manages its assets.
It's important to note that while the FDD provides this snapshot of Craters & Freighters' assets, it does not detail the specific types of office equipment included or their condition. A potential franchisee might want to inquire further about the nature and age of these assets during their due diligence process.