What is the difference in Office Equipment between 2023 and 2024 for Craters & Freighters?
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 value of office equipment increased between December 31, 2023, and December 31, 2024. In 2023, the cost of office equipment was $80,613, while in 2024, it was $102,860. This represents an increase of $22,247 in the value of office equipment during that year.
This increase in office equipment value could be due to Craters & Freighters purchasing new equipment, upgrading existing equipment, or a combination of both. For a prospective franchisee, this indicates potential ongoing investment in the company's infrastructure. It is important to note that these figures represent the cost of the equipment and do not reflect any depreciation.
Reviewing the accumulated depreciation for office equipment can provide a more complete picture of the net value of these assets. Additionally, understanding the types of office equipment Craters & Freighters invests in can give a franchisee a better understanding of the technological and operational requirements of the business.