What is the total amount of accrued expenses for Face Foundrie as of December 31, 2023?

According to Face Foundrie's 2025 Franchise Disclosure Document, the total accrued expenses as of December 31, 2023, were $31,279. This figure is part of the company's liabilities and reflects expenses that Face Foundrie had incurred but not yet paid at the end of that fiscal year. Accrued expenses are a standard accounting item representing short-term obligations. These can include items like accrued payroll, professional fees, and other reimbursements payable.

For a prospective franchisee, understanding the accrued expenses of Face Foundrie can provide insight into the company's short-term financial obligations and overall financial health. It's important to note that this is just one snapshot in time, and accrued expenses can fluctuate from year to year based on various factors, including the timing of payments and the level of business activity. Reviewing trends in accrued expenses over multiple years, alongside other financial statement items, can offer a more comprehensive view.

Specifically, the FDD lists the breakdown of accrued expenses, including reimbursement payable, professional fees payable, and accrued payroll. As of December 31, 2023, these individual components totaled $31,279. Examining these components can give a franchisee a clearer picture of the types of short-term liabilities Face Foundrie typically carries. This information, combined with other financial data in the FDD, helps potential franchisees assess the financial stability and management practices of Face Foundrie.