What was the cost of Equities and Other Funds investments for Craters & Freighters as of December 31, 2023?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
Note 2: Marketable Securities (Continued)
As of December 31, 2023 and 2022, the following is a summary of the investment costs and fair value:
| Gross | Gross | |||
|---|---|---|---|---|
| Unrealized | Unrealized | Fair Market | ||
| December 31, 2023 | Cost | Gains | Losses | Value |
| Investments | ||||
| Money Market Funds | $ 32,240 | $ - | $ - | $ 32,240 |
| Mutual Fund |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to the 2025 FDD, Craters & Freighters' investment in Equities and Other Funds had a cost of $338,874 as of December 31, 2023. These investments had gross unrealized gains of $253,570 and no gross unrealized losses. The fair market value of these investments totaled $592,444 on that date.
In addition to Equities and Other Funds, Craters & Freighters also held Money Market Funds and Mutual Funds. As of December 31, 2023, the cost of Money Market Funds was $32,240 with a fair market value of $32,240. The cost of Mutual Funds totaled $11,685 with gross unrealized losses of $1,500 and a fair market value of $10,185.
Overall, the total cost of Craters & Freighters' investments as of December 31, 2023, was $382,799. These investments had total gross unrealized gains of $253,570 and total gross unrealized losses of $1,500. The total fair market value of Craters & Freighters' investments was $634,869.