What was the total members' equity for Deer Solution at the end of 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 total members' equity at the end of 2022 was $116,303. The assets totaled $452,160 which included current assets of $112,874 and non-current assets of $339,286.
Deer Solution's liabilities totaled $335,857. This included current liabilities of $85,143 and long-term liabilities of $250,714. The current liabilities consisted of accrued liabilities of $35,000 and deferred revenue of $50,143. The breakdown of assets and liabilities provides a snapshot of the company's financial health at that time.
For a prospective franchisee, understanding these figures is crucial. It offers insight into the financial stability and structure of Deer Solution. Reviewing the statement of members' equity helps potential franchisees assess the franchisor's financial management and capital structure, which can inform their decision-making process.