What was the total amount of current contract assets for Kitchen Solvers in 2022?

According to Kitchen Solvers' 2025 Franchise Disclosure Document, the company's current contract assets in 2022 were $98,129. This figure represents the value of Kitchen Solvers' rights to receive consideration for services that have been transferred to customers but for which Kitchen Solvers has not yet been paid. For a prospective franchisee, this indicates the level of ongoing work and expected payments that Kitchen Solvers is managing. It is important to understand how these assets are converted into cash flow and what the typical collection periods are. Contract assets are distinct from accounts receivable, which represent amounts already invoiced to customers. Contract assets reflect revenue recognized before invoicing. Understanding the nature and collectability of these assets is crucial for assessing the financial health of Kitchen Solvers. A significant increase in contract assets could signal potential issues with project completion or payment collection.