What was the net income for Engineering For Kids in the year 2023?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
,219 | 37,219 | | BALANCE, December 31, 2024 | $ 100 | $ 112,512 | $ 112,612 |
ENGINEERING FOR KIDS INTERNATIONAL, LLC STATEMENTS CASH FLOWS YEARS ENDED DECEMBER 31, 2024 2023, AND 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| INCREASE (DECREASE) IN CASH AND CASH | |||
| EQUIVALENTS | |||
| Cash flows from operating activities | $ 37,219 | $ 34,933 | $ 56,260 |
| Net income | |||
| Adjustments to reconcile net income to | |||
| net cash provided (used) by operating activities | |||
| Amortization | 10,437 | - | 2,235 |
| Changes in assets and liabilities | |||
| Accounts receivable | (13,138) | 16,709 | (44,865) |
| Prepaid expenses | 3,625 | 111 | 8,879 |
| Accounts payable | (320) | (6,318) | - |
| Due to/from related party | (130,008) | 63,874 | 30,249 |
| Accrued liabilities | (1,927) | 6,244 | (20,060) |
| Total adjustments | (131,331) | 80,620 | (23,562) |
| Net cash provided (used) by operating activities | (94,112) | 115,553 | 32,698 |
| Cash flows from investing activities | |||
| Investment in intangible assets | (1,808) | (28,934) | (22,345) |
| NET INCREASE (DECREASE) IN CASH AND | (95,920) | 86,619 |
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the net income for Engineering For Kids in 2023 is not explicitly listed in the provided financial statements. The statements of cash flows include figures for cash flows from operating activities, adjustments to reconcile net income, and the net increase or decrease in cash and cash equivalents, but the actual net income value is missing from the table.
Specifically, the table provides data on cash flows from operating activities, adjustments to reconcile net income to net cash, changes in assets and liabilities, and the resulting net cash provided or used by operating activities. For example, in 2023, Engineering For Kids had cash flows from operating activities of $34,933 and total adjustments of $80,620. These figures are used to calculate the net cash provided by operating activities, which amounted to $115,553 in 2023.
However, without the explicit net income figure, it is impossible to determine the profitability of Engineering For Kids for that year. A prospective franchisee would need to request the complete Statements of Operations from Engineering For Kids to ascertain the net income for 2023 and fully understand the company's financial performance.