What was the total amount of Other Receivable for Craters & Freighters as of December 31, 2023?
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 R |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, the total amount of Other Receivable as of December 31, 2023, was $132,157.
This figure represents money owed to Craters & Freighters from sources other than standard accounts receivable (i.e., customer invoices). It could include items like loans to employees, insurance claim recoveries, or advances to suppliers. For a prospective franchisee, understanding the composition of "Other Receivable" is important because it can provide insights into the company's financial management practices and relationships with related parties.
Franchisees should inquire about the nature of these receivables to assess their collectability and potential impact on Craters & Freighters' financial stability. A high or increasing balance in "Other Receivable" might indicate potential risks if these amounts are not readily recoverable. Reviewing this figure in conjunction with other financial statement items will provide a more comprehensive view of the company's financial health.