What was the (decrease) increase in other long term liabilities 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 assets and liabilities: | • | , | |
| Decrease (increase) in accounts receivables | 21,701 | (9,392) | 56,245 |
| Decrease (increase) in other current assets | (42,342) | (35,739) | (24,311) |
| Decrease (increase) in other long term assets | 19,280 | 12,580 | |
| (Decrease) increase in accounts payable | 24,255 | (27,804) | 23,846 |
| Increase in accrued compensation | 121,379 | 265,620 | 35,457 |
| (Decrease) increase in other current liabilities | 91,265 | 2,179 |
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 liabilities can be found in the consolidated statements of cash flows. In 2024, there was an increase of $191,431, while in 2023, there was an increase of $105,432. In 2022, there was no reported change in other long term liabilities.
This information is useful for prospective franchisees as it provides insight into how Focus Cfo's long term liabilities have changed over the past three years. An increase in long term liabilities could indicate that Focus Cfo has taken on more debt or has increased its obligations for items such as deferred rent or long-term leases.
Franchisees should consider these figures in the context of Focus Cfo's overall financial health and consult with a financial advisor to understand the implications of these changes. It's important to note that these figures reflect the financial performance of Focus Cfo Group, LLC and Subsidiary, and may not directly reflect the financial performance of an individual franchise location.
Understanding these trends can help a potential franchisee assess the financial stability and management practices of Focus Cfo, which is a critical part of their due diligence process.