What was the 'Net loss' for Mrcool as shown in the provided table?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
| | Goods and services transferred at point in time | $ 1,213,312 | $ 0 | | Goods and services transferred over time | 2,500 | 0 |
MR. COOL FRANCHISING, LLC STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31,
| CASH FLOWS FROM OPERATING ACTIVITIES | $ (18,602) | $ | (5,025) |
|---|---|---|---|
| Net loss | |||
| Adjustments to reconcile net loss to net cash | |||
| used by operating activities: | |||
| Changes in assets and liabilities: | |||
| Increase in assets: | |||
| Prepaid expenses | (1,080) | -0- | |
| Increase in liabilities: | |||
| Provision for LLET tax | 175 | -0- | |
| Net cash used by operating activities | (19,507) | (5,025) | |
| CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from related party payables Payments on related party payables Net cash provided by financing activities | 25,648 (5,294) 20,354 | 5,025 -0- 5,025 | |
| NET INCREASE IN CASH | 847 | -0- | |
| CASH AT BEGINNING OF YEAR | -0- | -0- | |
| CASH AT END OF YEAR | 847 | -0- | |
| SUPPLEMENTAL CASH FLOW DATA Interest paid Income tax paid | 25 -0- |
Source: Item 23 — RECEIPTS (FDD pages 55–263)
What This Means (2025 FDD)
According to Mrcool's 2025 Franchise Disclosure Document, the table provided shows cash flows from operating activities but does not include a specific dollar amount for 'Net loss'. Instead, the table lists 'Net cash used by operating activities' as $(18,602) for one period and $(5,025) for another.
While the table details cash flow activities, it omits the explicit 'Net loss' figure, which is a crucial indicator of Mrcool's profitability. A prospective franchisee would typically review the net loss to understand the company's financial performance and stability.
To gain a comprehensive understanding of Mrcool's financial health, a potential franchisee should request the complete audited financial statements, including the income statement, from Mrcool. This will provide the 'Net loss' figure and other essential financial metrics necessary for making an informed investment decision.