What was the cash at the beginning of the year for Itan in 2022?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
| Page 7 | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| CASH FLOWS (USED)/PROVIDED BY OPERATING ACTIVITIES | ||||
| Net earnings | $ | 19,389 | $ | 272,146 |
| ADJUSTMENTS TO RECONCILE NET EARNINGS TO NET CASH PROVIDED/(USED) BY OPERATING ACTIVITIES | ||||
| Depreciation | 17,927 | 443 | ||
| Credit loss expense | 284 | - | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (29,787) | 4,540 | ||
| Prepaid expenses | (4,230) | 74,586 | ||
| Prepaid taxes | (6,030) | 5,087 | ||
| Income tax receivable | (131,945) | - | ||
| Deferred tax asset | (3,592) | (32,366) | ||
| Accounts payable | 12,264 | 2,973 | ||
| Accrued liabilities | 15,596 | 16,196 | ||
| Accrued taxes | (60,182) | 44,709 | ||
| Contract liabilities | (11,500) |
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the cash at the beginning of the year 2023 was $18,409. This figure represents the company's cash balance on January 1, 2023, which is the start of their fiscal year.
This number is important because it shows the amount of liquid assets Itan had available at the start of the year to fund its operations, investments, and other financial obligations. A higher cash balance generally indicates a stronger financial position and greater flexibility for the company.
For a prospective franchisee, understanding Itan's cash position can provide insights into the franchisor's financial stability and its ability to support its franchisees. It is important to note that this is just one data point and should be considered in conjunction with other financial information and performance metrics to get a comprehensive view of the company's financial health.