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Cosi Inc. Message Board

  • denn56k denn56k Sep 23, 2013 3:57 PM Flag

    As of 7-2013...What is

    The $11 mil in accounts payable.....Is it primarily future rent/lease payments and product bought but not yet paid for?

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    • suggest you review the quarterly filing a bit closer. They don't have $11 million in AP....they have $11.6 million in total current liabilities of which only $2.6 million is Accounts Payable. They held $2.89 million in AP on 12/31/2012 (the end of their last fiscal year) so it doesn't appear there's much of a change in how they are handling AP. The larrgest part of the figure you're talking about is Accrued Expenses. Future rent/lease payments are NOT currently accounted for on the balance sheet. Those figures are noted in the annual report in the "Contractual Commitments" section.

 
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