What was the total value of Crave Cookies' prepaid expenses in 2022?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
the audit.
FORVIS, LLP
Salt Lake City, Utah November 13, 2023
Balance Sheets December 31, 2022 and 2021
Assets
| 2022 | 2021 | |
|---|---|---|
| Current Assets | ||
| Cash | $ 181,217 | $ 34,177 |
| Accounts receivable | 17,607 | 5-6 |
| Inventory | 7,196 | 21,515 |
| Prepaid expenses | 26,795 | |
| Contract as |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the total value of prepaid expenses for the company in 2022 was $26,795. Prepaid expenses are classified as current assets on the balance sheet. These expenses typically include prepayments for subscriptions and other similar items.
For a prospective franchisee, understanding the franchisor's financial health is crucial. Prepaid expenses are assets, reflecting services or benefits Crave Cookies has already paid for but not yet fully consumed. This figure provides insight into the company's short-term financial obligations and how it manages its resources.
Reviewing the trend of prepaid expenses over multiple years, as presented in the balance sheets for 2021 and 2022, can further inform a franchisee about Crave Cookies' operational practices. Comparing these figures with those of other similar franchise systems can also provide a benchmark for assessing the company's financial management efficiency.