What was the total amount of accounts payable and accrued expenses for Fat Shack at the end of 2022?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | YEARS ENDED DECEMBER 31 | ||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||
| Current Assets | |||||
| cash | $ 38,995 | $ | 189,456 | $ | 321,800 |
| Accounts receivable | 1,943 | 1,943 | 17,S45 | ||
| Due from Franchisee | 5,410 | 18,585 | 14,099 | ||
| Deferred Tax Asset | 267 | 2,355 | 18,102 | ||
| Notes receivable | 701,287 | 479,960 | 528,900 | ||
| Rebates Receivable | 25,956 | 38,322 | 45,039 | ||
| Due from related parties | 412,871 | 673,871 | 603,870 | ||
| Other | 10,610 | 10,094 | 13,793 | ||
| Total Current Assets | 1,197,339 | 1,414,586 | 1,563,148 | ||
| Long Term Assets | |||||
| Fixed assets, net | 2,327 | 9,203 | 16,079 | ||
| Security deposits | 1,545 | 1,545 | 1,545 | ||
| Total Long Term Assets | 3,872 | 10,748 | 17,624 | ||
| Total Assets | $ 1,201,211 | $ | 1,425,334 | $ | 1,580,772 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||
| Current Liabilities | |||||
| Accounts payable and a |
Source: Item 23 — Receipts (FDD pages 53–223)
What This Means (2025 FDD)
According to Fat Shack's 2025 Franchise Disclosure Document, the total accounts payable and accrued expenses at the end of 2022 was $56,681. This figure represents the short-term liabilities of Fat Shack, including obligations to suppliers and other accrued expenses.
Accounts payable and accrued expenses are important indicators of a company's financial health. A high level of accounts payable could indicate that Fat Shack is having difficulty paying its bills, while a low level could indicate that it is managing its finances effectively. For a prospective franchisee, this number provides insight into the company's short-term financial obligations and how well it manages its current liabilities.
It is important to note that this figure is just a snapshot in time and can fluctuate depending on various factors, such as the timing of payments and the level of business activity. Reviewing this value in conjunction with other financial metrics, such as cash flow and revenue, will provide a more comprehensive understanding of Fat Shack's financial stability.