What was the total current assets amount for Kitchen Solvers as of December 31, 2022?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
al statements as a whole.
Hancock & Robinson CPAs
La Crosse, Wisconsin
March 7, 2025
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 | - | - |
Source: Item 21 — Financial Statements (FDD pages 48–49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2022, were $377,131. Current assets are assets that can be converted into cash within one year.
This figure provides a snapshot of Kitchen Solvers' short-term financial health at that specific point in time. It reflects the sum of cash, accounts receivable, and other liquid assets the company held. A prospective franchisee might consider this information in conjunction with other financial data to assess the company's overall financial stability and liquidity.
Understanding the composition and trend of current assets can be valuable for potential franchisees. It can offer insights into how Kitchen Solvers manages its working capital and whether it has sufficient liquid assets to meet its short-term obligations. Comparing these figures across multiple years, as presented in the FDD, can further reveal the company's financial trajectory and stability.