As of what date are the audited financial statements for Afuri Ramen Dumpling included in Exhibit A?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
SKY ACCOUNTANCY CORPORATION
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Shareholder of Afuri Franchise, Inc.
Opinion
We have audited the accompanying financial statements of Afuri Franchise, Inc. (the "Company"), which comprise the balance sheet as of December 31, 2023, and the related statements of operations, changes in stockholder's equity, and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2023, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").
Source: Item 21 — Financial Statements (FDD pages 49–50)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the independent auditor's report included in the document covers the financial statements as of December 31, 2023. The report includes the balance sheet as of this date, along with related statements of operations, changes in stockholder's equity, and cash flows for the year then ended. These financial statements and related notes are also part of the audit.
The auditor's opinion states that the financial statements present fairly the financial position of Afuri Ramen Dumpling as of December 31, 2023. This opinion extends to the results of its operations and cash flows for the year ending on that date, in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP).
Prospective franchisees should review these audited financial statements carefully to understand Afuri Ramen Dumpling's financial health and performance. Understanding the franchisor's financial stability is crucial for assessing the risks and potential rewards of investing in an Afuri Ramen Dumpling franchise. Exhibit A was not provided, so it is not possible to confirm if these financial statements are included in that exhibit.