What was the net cash flows provided by (used in) investing activities for Deck Medic?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| | C. Operations Manual Table of Contents | H. State Specific Addenda | | D. Financial Statements | I. State Effective Dates | | E. Franchise Agreement | J. Receipts |
| 2023 | 2022 | |
|---|---|---|
| Cash Flows From Operating Activities: | ||
| Net income (loss) | $ (4,533) | $ (28,455) |
| Adjustments to reconcile net income to net cash | ||
| provided by operating activities: | ||
| Provision for bad debt | 13,680 | 12,765 |
| Change in assets and liabilities: | ||
| Accounts receivable | 7,073 | 447 |
| Accounts payable and accrued liabilities | 1,028 | 2,598 |
| Deferred revenue | (2,250) | (2,250) |
| Net Cash Provided By (Used In) Operating Activities | 14,997 | (14,895) |
| Cash Flows From Investing Activities |
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the provided excerpts contain financial statements audited by Metwally CPA PLLC. The excerpt includes a table outlining cash flows from operating, investing, and financing activities. However, the specific net cash flows provided by or used in investing activities is not disclosed in the provided excerpt.
While the table header indicates the presence of a line item for 'Cash Flows From Investing Activities' and 'Net Cash Flows Provided By (Used In) Investing Activities', the corresponding data for 2023 and 2022 is missing or incomplete in the excerpt. The table does not provide the actual values for these categories, only showing '1' for 'Net Cash Flows Provided By (Used In) Investing Activities'.
A prospective Deck Medic franchisee should request the complete financial statements from the franchisor to fully understand the company's investing activities. Specifically, they should inquire about the nature of these investing activities, whether they involve the purchase or sale of assets, and how these activities impact the company's overall financial health. Understanding these cash flows is crucial for assessing the financial stability and growth potential of Deck Medic.