Where can I find the audited financial statements for All States M.E.D.?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 23: RECEIPTS]
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.
Report on the Financial Statements
We have audited the financial statements of All States M.E.D. Franchising, LLC., which comprise the balance sheet as of December 31, 2023 and the related statements of operations and members' equity and cash flows for the period from July 11, 2023 ("Commencement of operations") to December 31, 2023 and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position All States M.E.D. Franchising, LLC. as of December 31, 2023, and the results of its operations and its cash flows for the period then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
All States M.E.D. Franchising, LLC.
Financial Statements
August 15, 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.
Report on the Financial Statements
We have audited the accompanying financial statements of All States M.E.D. Franchising, LLC., which comprise the balance sheet as of August 15, 2023 and the related notes to the financial statements.
Management's Responsibility for the Financial Statements
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 43–44)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, the audited financial statements are included as an exhibit. Specifically, Exhibit F contains the financial statements as of December 31, 2023, along with the independent auditors' report. These statements cover the period from July 11, 2023 (the commencement of operations) to December 31, 2023.
These financial statements include a balance sheet, statements of operations, members' equity, and cash flows. The audit was conducted by Smith, Buzzi & Associates, LLC, a certified public accounting firm based in Miami, Florida. Their report expresses an opinion on the fairness of the presentation of All States M.E.D.'s financial position and results of operations in accordance with accounting principles generally accepted in the United States of America.
Additionally, the FDD includes financial statements as of August 15, 2023, along with an independent auditor's report from Smith, Buzzi & Associates, LLC. These statements include a balance sheet as of that date and related notes. Notes to the financial statements describe the company's formation in June 2023 and its purpose to offer and sell franchises for medical equipment sales, repairs, and customer service.