Up to what date did Aira Fitness management evaluate subsequent events for the financial statements?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Management has evaluated subsequent events through March 19, 2025, the date on which the financial statements were available to be issued. Management has determined that none of the events occurring after the date of the balance sheet through the date of Management's review substantially affect the amounts and disclosure of the accompanying financial statements.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, management evaluated subsequent events through March 19, 2025. This date represents the cutoff for considering events that occurred after the balance sheet date (December 31, 2024) but before the financial statements were issued.
This evaluation is a standard accounting practice to ensure that the financial statements reflect the most current and accurate information available. It involves reviewing events that could materially affect the company's financial position or require disclosure.
The FDD states that Aira Fitness management determined that none of the events occurring after the balance sheet date through March 19, 2025, substantially affect the amounts and disclosure of the accompanying financial statements. This means that no significant events occurred during that period that would require adjustments or additional disclosures in the financial statements. For a prospective franchisee, this indicates that the financial statements provide a reasonably complete and accurate picture of Aira Fitness's financial condition as of December 31, 2024, without any major subsequent events altering that view.