What was the amount of non-current deferred revenue reported by Face Foundrie in 2022?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Deferred revenue, current | $819,881 | $447,000 | $131,147 |
| Deferred revenue, non-current | 1,727,727 | 1,786,704 | 1,637,657 |
| $2,547,608 | $2,233,704 | $1,768,804 |
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the non-current deferred revenue in 2022 was $1,637,657. This figure represents revenues that Face Foundrie has received but not yet earned as of that date, and which are expected to be recognized as revenue beyond the next 12 months.
For a prospective franchisee, understanding deferred revenue is crucial as it reflects the financial obligations Face Foundrie has to provide future services or products. A high deferred revenue balance could indicate strong future revenue streams, but also signifies a responsibility to fulfill those obligations.
This information is part of Face Foundrie's overall financial health assessment. Potential franchisees should analyze these figures in conjunction with other financial statement line items, such as current deferred revenue, total liabilities, and revenue trends, to gain a comprehensive understanding of the company's financial stability and future prospects.