What was the total amount of Spray Net's total current assets at the end of 2022?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Spray-Net, Inc.'s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Muhammad Zuba
Source: Item 23 — RECEIPTS (FDD pages 75–219)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, the company's total current assets at the end of 2022 were $1,059,222. This figure represents the sum of Spray Net's cash, accounts receivable, prepaid expenses, contract assets, deferred income taxes, and amounts due from related parties.
Understanding the composition of current assets is crucial for prospective franchisees. These assets reflect Spray Net's ability to meet its short-term obligations and fund its day-to-day operations. A higher value of current assets generally indicates a stronger financial position.
For potential Spray Net franchisees, this information provides a snapshot of the company's financial health at a specific point in time. It's important to review these figures in conjunction with other financial statements and information provided in the FDD to gain a comprehensive understanding of the company's financial performance and stability. Reviewing the trend of these assets over the three years can also provide insight into the growth and stability of the company.