What was the total value of Dog Haus's prepaid expenses and other current assets in 2023?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
performing an audit in accordance with GAAS, we:
- Exercise professional judgment and maintain professional skepticism throughout the audit.
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.
- Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings and certain internal control-related matters that we identified during the audit.
Los Angeles, California
Balance Sheets December 31, 2024 and 2023
| Assets Current Assets Cash $ 271,492 $ 301,811 Restricted cash 120,949 181,682 Receivables from franchisees, net 508,617 133,515 Prepaid expenses and other current assets 200,308 78,114 Loans receivable, related parties 178,753 - Total current assets 1,280,119 695,122 46,659 61,602 Property, Plant and Equipment, Net 32,345 158,656 Operating Lease Right-of-Use Asset Trademark 155,425 141,610 649,780 - Due From Related Parties 17,506 17,506 Deposits Total assets $ 2,181,834 $ 1,074,496 Liabilities and Members' Deficit Current Liabilities Accounts payable and accrued expenses $ 768,992 $ 428,136 Deferred revenue 820,709 950,709 Operating lease liability, current 34,067 121,020 Accrued settl
Source: Item 23 — RECEIPTS (FDD pages 87–328)
What This Means (2025 FDD)
According to Dog Haus's 2025 Franchise Disclosure Document, the total value of prepaid expenses and other current assets in 2023 was $78,114. This figure is part of the company's overall balance sheet, reflecting resources that have been paid for in advance but whose benefits will be realized later, along with other assets expected to be converted to cash within a year.
For a prospective franchisee, this number provides insight into Dog Haus's short-term financial health and how it manages its assets. Prepaid expenses can include items like insurance premiums, rent, or marketing expenses paid in advance. A significant change in this value from year to year could indicate shifts in the company's operational strategies or financial management practices.
It's important to note that this is just one component of Dog Haus's overall financial picture. Franchisees should review the entire balance sheet and other financial statements to gain a comprehensive understanding of the company's financial stability and performance. Consulting with a financial advisor is recommended to fully assess the implications of these figures.