What was the amount of the total current assets for Kidokinetics in 2021?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
23, 2022, and 2021
| 2023 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Assets | ||||||
| Current assets | ||||||
| Cash and cash equivalents | $ | 76,964 | $ | 32,500 | $ | 40,556 |
| Accounts receivable | 446,951 | 498 | - | |||
| Deferred contract costs, current | 340,727 | 326,228 | - | |||
| Total current assets | 864,642 | 3 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the company's total current assets in 2021 were $40,556. This figure represents the sum of Kidokinetics's cash and cash equivalents.
Understanding a company's assets is crucial for potential franchisees. Current assets, like cash, are particularly important as they reflect a company's ability to meet its short-term obligations. A higher value of current assets generally indicates better liquidity and financial stability.
However, it's important to note that this figure is just a snapshot in time. Prospective franchisees should review Kidokinetics's complete financial statements, including balance sheets, income statements, and cash flow statements, for the past three years to identify trends and assess the company's overall financial health. Analyzing these statements can provide a more comprehensive understanding of Kidokinetics's financial performance and stability.