What was the amount of cash and cash equivalents reported for Gokhale Method in 2022?

According to Gokhale Method's 2024 Franchise Disclosure Document, the cash and cash equivalents at the end of 2022 were $120,141. This figure represents the amount of readily available cash Gokhale Method had at the close of the fiscal year. It is important to note that this is after a net decrease in cash of $379 during the year.

This information is derived from the statement of cash flows, which details how Gokhale Method's cash position changed over the course of the year. The statement includes various adjustments to reconcile net loss to net cash used in operating activities, such as changes in accounts receivable, accounts payable, and deferred revenue. For instance, there were changes in accounts receivable ($983), accounts payable and other current liabilities ($-3,488), and deferred revenue ($3,261). These adjustments reflect the non-cash transactions and accounting methods that impact the cash flow.

For a prospective franchisee, understanding Gokhale Method's cash flow and cash position can provide insights into the financial stability and operational efficiency of the company. A healthy cash balance suggests that Gokhale Method is capable of meeting its short-term obligations and potentially investing in growth opportunities. However, it is essential to review these figures in the context of the overall financial statements and industry benchmarks to gain a comprehensive understanding of Gokhale Method's financial health.