What was the balance sheet date used by Afuri Ramen Dumpling for evaluating subsequent events?

According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the company evaluated events after the balance sheet date of December 31, 2022, through April 7, 2023. This evaluation period extends to the date when the financial statements were available to be issued.

This means that Afuri Ramen Dumpling's management and auditors considered events occurring between the end of the fiscal year (December 31, 2022) and the date the financial statements were finalized (April 7, 2023) to determine if any of those events had a material impact on the company's financial position or required disclosure in the financial statements. These subsequent events could include anything from a major new agreement to a significant legal development.

For a prospective franchisee, this information indicates the rigor and timeline associated with Afuri Ramen Dumpling's financial reporting. Understanding the balance sheet date and subsequent event evaluation period provides insight into the timeliness and reliability of the financial information presented in the FDD. It's a standard accounting practice to review events after the balance sheet date to ensure the financial statements accurately reflect the company's financial condition.