What was the total amount of accrued liabilities for Deer Solution in 2022?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Metwally CPA PLLC
Metwally CPA PLLC Fort Worth, Texas January 30, 2023
Balance Sheet December 31, 2022
| 2022 | |
|---|---|
| ASSETS | |
| Current Assets | |
| Cash and cash equivalents | $ 45,017 |
| Deferred commission expense - current portion | 67,857 |
| Total Current Assets | 112,874 |
| Non Current Assets | |
| Deferred commission expense - net of current portion | 339,286 |
| Total Non Current Assets | 339,286 |
| Total Assets | $ 452,160 |
| LIABILITIES AND MEMBERS' EQUITY | |
| Current Liabilities | |
| Accrued liabilities | $ 35,000 |
| Deferred revenue - current portion | 50,143 |
| Total Current Liabilities | 85,143 |
| Long Term Liabilities | |
| Deferred revenue - net of current portion |
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, the company's accrued liabilities totaled $35,000 in 2022. Accrued liabilities are short-term debts that a business has incurred but not yet paid, such as salaries, rent, or utilities. These are listed as current liabilities on the balance sheet.
In addition to accrued liabilities, Deer Solution also had $50,143 in deferred revenue classified as a current liability. Deferred revenue represents payments received for services or products that have not yet been delivered or earned. The total current liabilities for Deer Solution in 2022, including accrued liabilities and deferred revenue, amounted to $85,143.
It is important to note that Deer Solution also had long-term liabilities in the form of deferred revenue, totaling $250,714. This portion of deferred revenue is not expected to be recognized as income within the next 12 months. Therefore, the total liabilities for Deer Solution in 2022, including both current and long-term liabilities, amounted to $335,857. A prospective franchisee should review the complete balance sheet and related financial statements to understand Deer Solution's overall financial health and obligations.