What was the decrease (increase) in other long term assets reported for Focus Cfo?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
Contributions | 83,404 | 85,545 | 74,980 | | Distributions | (919,714) | (1,339,352) | (740,138) | | Balance as of end of period | $ 723,721 | $ 324,472 | $ 741,099 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ending December 31, 2024, 2023 and 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 1,235,559 | $ 837,180 | $ 990.076 |
| Adjustments to reconcile net income to net cash provided by operating activities | 4 1,200,000 | $ 007,100 | $ 000,070 |
| Depreciation and amortization | 10,395 | 7,796 | 1,667 |
| Changes in asset |
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the decrease (increase) in other long term assets can be found in the consolidated statements of cash flows. In 2024, there was an increase of $19,280, while in 2023, there was an increase of $12,580. Data for 2022 is not available in this excerpt.
For a prospective franchisee, this indicates how Focus CFO's long-term assets have changed over the past two years. An increase in other long-term assets could reflect investments in resources that benefit the company over an extended period.
It is important to note that these figures are part of the overall cash flow statement, which provides a comprehensive view of Focus CFO's financial activities. Reviewing the entire statement, along with the balance sheets and income statements, would give a potential franchisee a better understanding of the company's financial health and stability. Further due diligence, including consulting with a financial advisor, is recommended to fully assess the implications of these figures.