What was the amount of accounts receivable for Hyper Kidz as of December 31, 2022?

According to Hyper Kidz's 2024 Franchise Disclosure Document, the accounts receivable as of December 31, 2022, was $18,006. This figure represents the amount of money owed to Boomerang Franchise, LLC, the company that franchises Hyper Kidz, by its customers or franchisees. Accounts receivable are considered current assets, reflecting amounts expected to be collected within a year.

For a prospective Hyper Kidz franchisee, understanding the accounts receivable is crucial as it reflects the financial health and efficiency of the company in collecting its dues. A higher accounts receivable might indicate potential issues with collecting payments, while a lower figure suggests efficient financial management. This information, in conjunction with other financial metrics, provides insights into the company's operational effectiveness.

It's also important to note that the company's policy on handling uncollectible accounts, or 'doubtful accounts,' can impact the net value of accounts receivable. According to the FDD, Hyper Kidz did not have any allowance for doubtful accounts as of December 31, 2022, and did not charge-off any accounts receivable during the years ended December 31, 2022, 2021 and 2020. This suggests that Hyper Kidz has been effective in collecting its receivables during those years.