What was the cash and cash equivalent at the end of the year for Deer Solution in 2022?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
ions | 100,000 | | Members' distributions | (60,600) | | Net income / (loss) | 76,903 | | Members' Equity At December 31, 2022 | $ 116,303 |
Deer Solution Franchising, LLC Statement Of Cash Flows Year Ended December 31, 2022
| 2022 | |
|---|---|
| Cash Flows From Operating Activities | |
| Net income / (loss) | $ 76,903 |
| Adjustments to reconcile net income to net cash | |
| provided by operating activities | |
| Change in operating activities | |
| Change in prepaid commissions - current portion | (67,857) |
| Change in prepaid commissions - net of current portion | (339,286) |
| Change in deferred revenue - current portion | 50,143 |
| Change in deferred revenue - net of current portion | 250,714 |
| Change in accrued liabilities | 35,000 |
| Net Cash Provided By (Used In) Operating Activities | 5,617 |
| Cash Flows From Investing Activities | |
| Members' contributions | 100,000 |
| Members' distributions | (60,600) |
| Net Cash Flows Provided By (Used In) Investing Activities | 39,400 |
| Cash Flows From Financing Activities | |
| Net Cash Flows Provided By (Used In) Financing Activities | - |
| Net Change In Cash And Cash Equivalent During The Year | 45,017 |
| Cash and cash equivalent - beginning of the year | = |
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, the cash and cash equivalent at the end of the year 2022 was $45,017. This figure represents the total amount of liquid assets Deer Solution had on hand as of December 31, 2022. These assets include bank accounts and cash in transit for bank deposit with maturities of three months or less.
For a prospective franchisee, this number provides insight into the financial health and liquidity of Deer Solution at that time. It shows the company's ability to meet its short-term obligations and invest in future growth. A higher cash and cash equivalent balance generally indicates a stronger financial position.
It is important to note that this figure is from 2022 and may not be representative of Deer Solution's current financial situation. Franchisees should review the most recent financial statements in the FDD and consider trends over multiple years to gain a more comprehensive understanding of the company's financial stability. Additionally, it is advisable to consult with a financial advisor to interpret these statements in the context of the overall franchise opportunity.