What was the total value of Face Foundrie's non-current assets as of December 31, 2022?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Assets | |||
| Non-current assets | |||
| Operating lease right-of-use asset | 331,322 | 366,840 | 400,209 |
| Equipment, net | 8,039 | 5,030 | 6,577 |
| Intangible assets, net | 41,404 | 53,872 | 42,340 |
| Total non-current assets | 380,765 | 425,742 | 449,126 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 73)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the total value of their non-current assets as of December 31, 2022, was $449,126. Non-current assets include items that are not expected to be converted to cash within one year.
Specifically, Face Foundrie's non-current assets are comprised of operating lease right-of-use assets, equipment (net), and intangible assets (net). The operating lease right-of-use asset was valued at $400,209, equipment (net) at $6,577, and intangible assets (net) at $42,340 as of December 31, 2022.
A prospective Face Foundrie franchisee should understand the composition and valuation of these non-current assets, as they reflect the long-term investments and resources the company utilizes in its operations. Monitoring these assets over time can provide insights into the company's capital expenditures, depreciation, and overall financial health.