What was the cash balance at the end of the year for Kidokinetics in 2022?

According to Kidokinetics's 2024 Franchise Disclosure Document, the company's cash and cash equivalents at the end of 2022 were $32,500. This figure represents the total amount of readily available cash Kidokinetics had on hand at the close of the fiscal year. Cash equivalents are defined as highly liquid investments with maturities of three months or less.

For a prospective franchisee, understanding the franchisor's cash position can be important. A healthy cash balance suggests financial stability and the ability to support franchisees. However, it is essential to consider this figure in the context of Kidokinetics's overall financial performance, including revenues, expenses, and liabilities.

Reviewing the financial statements in Item 21 of the FDD provides a more comprehensive view of Kidokinetics's financial health. This includes examining the balance sheets, income statements, and statements of cash flow for the past three years. Analyzing these statements can help potential franchisees assess the financial risks and opportunities associated with investing in a Kidokinetics franchise.