What were the total liabilities for Gokhale Method in 2021?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| Accounts | mber 31, 2021 | De | cember 31, 2020 | ||
|---|---|---|---|---|---|
| Gokhale Method Enterprise Inc. | Accounts payable | S | 5,000 |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, a detailed breakdown of the company's liabilities as of December 31, 2021, is not available in the provided excerpts. However, the document does note an account payable to Gokhale Method Enterprise Inc. of $5,000 as of December 31, 2021.
While the excerpt mentions 'current liabilities,' the specific total for that category is not provided. The absence of a comprehensive liabilities figure makes it difficult to assess the company's overall financial obligations for that year.
A prospective Gokhale Method franchisee should request a complete balance sheet from the franchisor to fully understand the company's liabilities, including accounts payable, accrued expenses, and any other debts. This information is crucial for evaluating the financial stability of the franchise system.