How much cash did Face Foundrie pay for interest in 2023?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||
| Net income (loss) | $ | 937,141 | $ | 233,689 | $ | (409,453) |
| Adjustments to reconcile net income (loss) | ||||||
| to net cash provided by activities: | ||||||
| Depreciation and amortization | 14,016 | 10,015 | 889 | |||
| Change in operating assets and liabilities: | ||||||
| Accounts receivable, net | (328,459) | 4,709 | 153,863 | |||
| Prepaid expenses | 9,446 | (17,976) | - | |||
| Note receivable related party | - | (619,014) | (9,232) | |||
| Deferred contract costs | 30,000 | 4,000 | 4,000 | |||
| Other current assets | 29,383 | 44,068 | (73,451) | |||
| Accounts payable | 22,548 | 20,074 | - | |||
| Accrued expenses | 8,209 | (31,805) | 46,662 | |||
| Credit card payable | (2,707) | 12,578 | (10,880) | |||
| Gift card liability | 966,166 | 755,694 | 712,734 | |||
| Operating lease liability | 3,032 | 4,165 | 5,276 | |||
| Deferred revenue | 313,904 | 464,900 | 785,720 | |||
| Net cash provided by operating activities | 2,002,679 | 885,097 | 1,206,128 | |||
| Cash flows from investing activities: | ||||||
| Purchase of equipment | (4,557) | - | (7,466) | |||
| Purchases of intangible assets | - | (20,000) | (42,340) | |||
| Net cash used in investing activities | (4,557) | (20,000) | (49,806) | |||
| Cash flows from financing activities: | ||||||
| Contributions | - | - | 55,552 | |||
| Distributions | (486,625) | (507,842) | (120,995) | |||
| Net cash used in financing activities | (486,625) | (507,842) | (65,443) | |||
| Net change in cash and cash equivalents | 1,511,497 | 357,255 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 73)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the supplemental disclosures of cash flow statement indicates the amount of cash paid for interest in 2023. Face Foundrie paid $418 in cash for interest in 2023.
This information is relevant for prospective franchisees as it provides insight into Face Foundrie's cash flow management and its expenses related to interest payments. Understanding these figures can help franchisees assess the financial health and stability of the franchisor.
It's important to note that this figure represents the cash outflow specifically for interest payments during the 2023 fiscal year. Franchisees may want to compare this figure with previous years and industry benchmarks to evaluate Face Foundrie's financial performance and its ability to manage debt and related expenses.