What was the total amount of income taxes payable for Fat Shack at the end of 2023?

I am unable to provide the exact figure for Fat Shack's income taxes payable at the end of 2023, as the provided excerpts from the 2025 Franchise Disclosure Document do not contain this specific data point. While the document includes financial statements audited by Muhammad Zubairy, CPA PC, and a statement of stockholders' equity for the years ended December 31, 2024, 2023, and 2022, it does not break down the specific amount of income taxes payable for 2023. The auditor's report confirms that the financial statements present fairly the financial position of Fat Shack Inc. and Subsidiary as of December 31, 2024, 2023 and 2022. However, the specific details of income tax liabilities are not disclosed in the provided excerpts.

Prospective franchisees should note that understanding a company's tax obligations is a crucial part of assessing its financial health. While the FDD includes audited financial statements, it is important to review the full statements and accompanying notes to gain a comprehensive understanding. The FDD does include a consent from the auditor, Muhammad Zubairy, CPA, allowing Fat Shack to use their report dated March 1, 2025, relating to the financial statements of the franchisor for the period ending December 31, 2024.

To obtain the specific figure for income taxes payable for 2023, a prospective Fat Shack franchisee should consider requesting the complete audited financial statements from Fat Shack. This would provide a more detailed view of the company's financial obligations and performance. It is also advisable to consult with a financial advisor to properly interpret these statements and understand the financial implications for the franchise opportunity.