What was the total amount of Craters & Freighters' accrued liabilities 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 company's 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 obligations expected to be settled within a year. For a prospective franchisee, this figure provides insight into the company's immediate financial obligations beyond accounts payable and other explicitly invoiced debts.
It's important to note that this figure is a small component of Craters & Freighters' total current liabilities, which amounted to $1,447,864 as of the same date. Reviewing the trend of accrued liabilities and their proportion to overall liabilities can help a franchisee understand how Craters & Freighters manages its short-term financial obligations and potential impacts on its financial health.