What was the total amount of Kitchen Solvers' other receivable in 2022?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance Sheets | ||||||
|---|---|---|---|---|---|---|
| December 31, 2024, 2023, and 2022 | ||||||
| Assets | 2024 | 2023 | 2022 | |||
| Current assets: | ||||||
| Cash | $ 409,936 | $ 192,541 | $ 60,708 | |||
| Accounts receivable | 63,672 | 138,673 | 140,562 | |||
| Accounts receivable - related party | 174,152 | - | - | |||
| Contract assets - Current | 138,404 | 118,404 | 98,129 | |||
| Advances receivable | - | - | 74,472 | |||
| Other receivable | - | - | 3,260 | |||
| Inventory | 28,642 | 14,106 | - | |||
| Prepaid expenses | 2,277 | 2,293 | - | |||
| Total current assets | 817,083 | 466,017 | 377,131 |
Source: Item 23 — Receipts (FDD pages 49–190)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the total amount for other receivable in 2022 was $3,260. This figure represents money owed to Kitchen Solvers from sources other than standard accounts receivable or related party accounts.
For a prospective franchisee, understanding the 'other receivable' balance can provide insights into the company's financial transactions beyond its core operations. It could include items like employee advances, insurance claims, or other miscellaneous receivables. A consistent or increasing balance in this category might warrant further investigation to understand its composition and potential impact on Kitchen Solvers' financial health.
It's important to note that while a small 'other receivable' balance might indicate efficient financial management, a significantly large or fluctuating balance could suggest potential issues in recovering these amounts. Therefore, a franchisee should consider this figure in conjunction with other financial metrics to assess the overall financial stability of Kitchen Solvers.