What was the amount of Ledgers' accounts payable to Zoomin Groomin as of December 31, 2022?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
ssified to conform to the current year presentation.
Subsequent Events
The Company has evaluated events and transactions for potential recognition or disclosure through April 28, 2025, which is the date the financial statements were available to be issued.
NOTE 2 - RELATED PARTY TRANSACTIONS
During the ordinary course of business, the Company enters into certain transactions with related parties substantially due to short term advances and cost reimbursements. The Company had related party transactions reco
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the accounts payable to Zoomin Groomin as of December 31, 2022, was $150,000. This figure represents the amount Ledgers owed to Zoomin Groomin at that specific point in time. Accounts payable are short-term liabilities that a business owes to its suppliers or creditors.
For a prospective Ledgers franchisee, understanding the accounts payable can provide insights into the company's financial obligations and its relationships with other entities. It is important to note that accounts payable can fluctuate over time depending on the timing of invoices and payments.
Reviewing the trend of accounts payable over several years, as presented in the FDD, can give a better understanding of how Ledgers manages its short-term liabilities. A significant increase in accounts payable could indicate potential cash flow issues, while a decrease might suggest improved financial management or different payment arrangements with suppliers. Franchisees should consider these trends as part of their due diligence.