What was the amount of cash and cash equivalents Focalpoint Coaching had at the beginning of 2023?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance, ending (deficit) | $ | (249,741) | $ | (266,798) |
STATEMENTS OF CASH FLOWS Years Ended December 31, 2023 and 2022
| 2023 | 2022 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Cash received from customers | $ 5,935,922 | $ 5,079,501 |
| Cash paid to suppliers and employees | (5,937,550) | (5,037,342) |
| Interest received | 1 | 0 |
| Interest paid | (316) | (498) |
| Other income | 39,416 | 29,613 |
| Income tax paid | (1,444) | (48,514) |
| Net cash provided by operating activities | $ 36,029 | $ 22,760 |
| Cash flows from investing activities: | ||
| Net cash applied to investing activities, | ||
| capital expenditures | $ (7,662) | $ (9,923) |
| Net increase in cas |
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the amount of cash and cash equivalents at the beginning of 2023 was $74,422. This figure represents the total value of Focalpoint Coaching's liquid assets, including cash on hand and investments that can be quickly converted to cash, as of the start of the 2023 fiscal year. This information is derived from the statement of cash flows, which provides a summary of all cash inflows and outflows during the year.
For a prospective franchisee, this number provides insight into the financial health and liquidity of Focalpoint Coaching. A higher cash balance suggests that the company has sufficient funds to cover its short-term obligations and invest in growth opportunities. Conversely, a lower cash balance may indicate financial strain or a need to rely on external financing.
It is important to note that this figure only represents the cash and cash equivalents at a specific point in time. The actual cash flow during the year may vary depending on factors such as sales, expenses, and investments. Therefore, prospective franchisees should review the entire statement of cash flows, as well as other financial statements, to gain a comprehensive understanding of Focalpoint Coaching's financial performance.