What is the date of the All States M.E.D. financial statements included in this FDD?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
ettlement after the agreement is in effect and where the parties are represented by independent counsel. Provisions such as those that unreasonably restrict or limit the statute of limitations period for claims under the Act, rights or remedies under the Act such as a right to a jury trial may not be enforceable.
The undersigned does hereby acknowledge receipt of this addendum.
| FRANCHISEE: | FRANCHISOR: All States M.E.D. Franchising, LLC |
|---|---|
| By: | By: |
| By: | Date: |
EXHIBIT F TO THE DISCLOSURE DOCUMENT FINANCIAL STATEMENTS
Financial Statements
December 31, 2023
(With Independent Auditors' Report Thereon)
SMITH, BUZZI & ASSOCIATES, LLC.
CERTIFIED PUBLIC ACCOUNTANTS 9425 SUNSET DRIVE, SUITE 180 MIAMI, FLORIDA 33173 TEL. (305) 598-6701 FAX (305) 598-6716
JULIO M. BUZZI, C.P.A. MEMBERS:
JOSE E. SMITH, C.P.A. AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT
To the Members of All States M.E.D. Franchising, LLC.
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, the financial statements included are dated December 31, 2023. These statements include the balance sheet as of this date, along with related statements of operations, member equity, and cash flows covering the period from July 11, 2023 (the commencement of operations) to December 31, 2023.
The inclusion of these financial statements is a standard practice in FDDs, providing prospective franchisees with an overview of the franchisor's financial health. The report includes an independent auditor's opinion, stating that the financial statements present fairly the financial position of All States M.E.D. as of December 31, 2023, in accordance with generally accepted accounting principles in the United States of America.
Prospective franchisees should carefully review these financial statements and the accompanying notes to understand All States M.E.D.'s financial performance and position. It is important to note that the audit was conducted according to generally accepted auditing standards (GAAS), involving professional judgment and skepticism to identify and assess risks of material misstatement. The auditors also evaluated the appropriateness of accounting policies and the reasonableness of significant estimates made by management.