What was the total members' equity 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 | 250,714 |
| Total Long Term Liabilities | 250,714 |
| Total Liabilities | 335,857 |
| Members' Equity | |
| Members' equity | 116,303 |
| Total Members' Equity | 116,303 |
| Total Liabilities and Members' Equity | $ 452,160 |
Deer Solution Franchising, LLC Statement Of Operations Year Ended December 31, 2022
| Revenues | | 2022 | |--------------------------
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, the total members' equity for the company as of December 31, 2022, was $116,303. The FDD provides a breakdown of the assets, liabilities, and equity, offering a snapshot of the company's financial position at that time. This figure represents the ownership stake of the members in the company after deducting liabilities from assets.
Specifically, the assets are listed as $452,160, comprised of current assets totaling $112,874 and non-current assets totaling $339,286. The liabilities amounted to $335,857, which includes current liabilities of $85,143 and long-term liabilities of $250,714. The members' equity is the difference between the total assets and total liabilities, resulting in the reported $116,303.
Additionally, the statement of members' equity shows the changes during the year 2022. The members' equity at the beginning of the year was $0. During 2022, there were members' contributions of $100,000, members' distributions of ($60,600), and a net income of $76,903, resulting in the final members' equity of $116,303 at the end of the year. This detailed breakdown allows potential franchisees to understand how the members' equity was derived and the factors that influenced it during the year.