What was the net cash used in operating activities for Gokhale Method in 2022?

According to the 2024 Gokhale Method Franchise Disclosure Document, the net cash used in operating activities for Gokhale Method in 2022 was a negative $379. This indicates that the company's core business operations consumed more cash than they generated during that year.

In addition to the net cash used in operating activities, the FDD provides a breakdown of factors contributing to this figure. The net loss for the year was $1,135. Adjustments were made to reconcile this net loss to the net cash used in operating activities. These adjustments include changes in operating assets and liabilities such as accounts receivable, accounts payable and other current liabilities, and deferred revenue.

The changes in operating assets and liabilities include an increase in accounts receivable of $983, a decrease in accounts payable and other current liabilities of $3,488, and an increase in deferred revenue of $3,261. These figures provide insight into the specific areas where cash flow was affected. For example, the increase in accounts receivable suggests that the company may have had difficulty collecting payments, while the increase in deferred revenue indicates that the company received payments for services or products that had not yet been delivered.

Furthermore, the document indicates a net decrease in cash of $379, with cash and cash equivalents decreasing from $120,520 at the beginning of the year to $120,141 at the end of the year. Supplemental disclosures reveal that $800 was paid in taxes and $3 was paid in interest. These figures offer a more comprehensive view of the company's financial activities during 2022.