What was the total cost of 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 Craters & Freighters' 2025 Franchise Disclosure Document, the company's total cost of investments as of December 31, 2023, was $382,799. This figure is broken down into several categories, including money market funds, mutual funds, and equities and other funds.
Specifically, the cost of money market funds was $32,240, mutual funds were $11,685, and equities and other funds totaled $338,874. These investments had unrealized gains and losses, which affected their fair market value.
The fair market value of these investments as of December 31, 2023, was $634,869, reflecting the impact of unrealized gains and losses on the initial costs. This indicates that while the initial investment cost was $382,799, the value of those investments had increased due to market conditions and investment performance.