What was the amount of the total non-current liabilities for Kidokinetics in 2022?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Liabilities and Members' Equity (Deficit) | ||||||
| Non-current liabilities | ||||||
| Note payable, non-current | 16,842 | 25 210 | - | |||
| Operating lease liability, non-current | 1 044 262 | 25,318 | - | |||
| Deferred revenue, non-current | 1,844,262 | _ | 289,713 | _ | ||
| Total non-current liabilities | 1,861,104 | _ | 315,031 | 146 220 |
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 liabilities for the company in 2022 were $315,031. This figure represents obligations not expected to be settled within one year. These liabilities include items such as non-current portions of notes payable, operating lease liabilities, and deferred revenue.
Understanding the composition and size of non-current liabilities is crucial for prospective franchisees. It provides insight into Kidokinetics's long-term financial obligations and overall financial health. A high level of non-current liabilities relative to assets could indicate higher financial risk, while a lower level might suggest greater financial stability.
Franchisees should analyze these figures in conjunction with other financial statement data, such as assets, revenues, and expenses, to gain a comprehensive understanding of Kidokinetics's financial position. Consulting with a financial advisor is recommended to assess the implications of these liabilities for the franchise's future performance and stability.