What were the other long term assets for Focus Cfo in 2024?
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 in other long-term assets for 2024 was $19,280. This figure is part of the cash flow statement, specifically within the cash flows from operating activities. It reflects a change in the company's long-term assets during the year.
This decrease suggests that Focus Cfo may have reduced its investment in long-term assets, such as property, equipment, or intangible assets, during 2024. This could be due to various reasons, such as selling off assets, reevaluating investment strategies, or adjusting to changing market conditions.
For a prospective franchisee, this information provides insight into Focus Cfo's financial management and investment decisions. While a decrease in long-term assets isn't inherently negative, it's important to understand the context behind it. A potential franchisee might want to inquire about the reasons for this decrease and how it might impact the company's future growth and stability. Understanding these trends can help a franchisee assess the financial health and strategic direction of Focus Cfo.