Where can I find the audited financial statements for Aerus mentioned in Item 21?

According to Aerus's 2025 Franchise Disclosure Document, the audited financial statements can be found as Exhibit 1. Item 21 indicates that the document includes audited financial statements as of December 31, 2024, December 31, 2023, and December 31, 2022. In addition to the audited statements, the document also includes unaudited financial statements for the period beginning January 1, 2025, through March 31, 2025. Aerus's fiscal year concludes on December 31st.

Prospective franchisees should review these financial statements carefully to understand Aerus's financial performance over the past three years. Audited financial statements provide a higher level of assurance compared to unaudited statements, as they have been reviewed by an independent certified public accountant. The inclusion of both audited and unaudited statements allows for a more comprehensive view of the company's financial status.

It is important for potential franchisees to analyze the trends in revenue, expenses, assets, and liabilities to assess the financial health and stability of Aerus. Understanding the company's financial position can help franchisees make informed decisions about investing in the franchise. Additionally, comparing the audited statements with the unaudited statements for the partial period in 2025 can provide insights into the company's recent performance and any potential changes in financial condition.

Exhibit 8 lists the Manual Table of Contents, which may be helpful in navigating the full disclosure document. Exhibit 5 lists the agents for service of process, and Exhibit 4 lists the state administrators. Exhibit 6 lists Aerus businesses and those who have left the system.