What was the amount of the total liabilities for Kidokinetics in 2023?

According to Kidokinetics's 2024 Franchise Disclosure Document, the company's total liabilities for 2023 were $3,730,697. This figure represents the sum of all current and non-current liabilities the company owed to creditors, lenders, and other parties at the end of the 2023 fiscal year.

Specifically, the current liabilities, which are obligations due within one year, totaled $1,869,593. These included items such as accounts payable, accrued expenses, credit card liabilities, loans from members, lines of credit, notes payable, operating lease liabilities, and deferred revenue. The non-current liabilities, representing longer-term obligations, amounted to $1,861,104 and included items like notes payable, operating lease liabilities, and deferred revenue.

For a prospective Kidokinetics franchisee, this information is crucial for assessing the financial stability and solvency of the franchisor. A high level of liabilities compared to assets could indicate potential financial strain, which might impact the franchisor's ability to support its franchisees or invest in the brand's growth. Therefore, a potential franchisee should analyze these figures in conjunction with the company's assets, revenue, and expenses to gain a comprehensive understanding of its financial health. It would be prudent to compare these liabilities to industry benchmarks and assess the trend over the three years presented in the financial statements to determine if the liability position is improving or worsening.