What was the amount of the total non-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 | 359,226 | 40,556 | |||
| Non-current assets | ||||||
| Leasehold improvements, net | 36,727 | 48,127 | 55,087 | |||
| Intangible assets, net | 25,107 | 50,553 | 43,554 | |||
| Right of use |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, the total non-current assets in 2021 were $108,241. Non-current assets include items like leasehold improvements, net which were valued at $55,087, intangible assets, net at $43,554 and other non-current assets at $9,600. There was no right of use asset or deferred contract costs, non-current listed in 2021.
Understanding the composition and value of non-current assets is crucial for prospective franchisees. These assets, unlike current assets, are not easily converted to cash within a year and typically represent longer-term investments in the business. Leasehold improvements, for example, reflect investments in physical locations, while intangible assets might include intellectual property or brand value.
The fact that Kidokinetics had $108,241 in total non-current assets in 2021 provides a snapshot of the company's financial structure at that time. Reviewing these figures in comparison to subsequent years (2022 and 2023) can reveal trends in Kidokinetics's investment strategies and overall financial health. For example, a significant increase in deferred contract costs, non-current in later years could indicate a shift in how Kidokinetics manages its long-term contracts and revenue recognition.
Prospective franchisees should analyze these trends and consider how they might impact their own franchise operations. It's important to discuss these figures with Kidokinetics and potentially a financial advisor to fully understand the implications for the franchise's financial stability and growth potential.