Are the financial statements for Anago consolidated?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
ble with a master franchise with | a balance as of December 31, 2022 of $2,500. | | Thenote | receivable is not securedand isdueon demand. Thenotereceivable | waspaid-offduring2023. | | Notesreceivablealsoas | ofDecember 31, 2024,2023, and2022consistoffranchisenotesreceivable | forthe initial | | | totaling$46,724,$54,794,and | $60,925, respectively. |
ANAGO CLEANING SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, and 2022
| Stocksareinvestments | that arevalued | based onquoted prices on thelast | tradingdateof the principal market on or | |---|---|---|---| | before December | 31, 2024, 2023, and | 2022. They include investments | that are directly held in publicly traded | | | 2023, 2022 | the fair market value of the stock investments | totaled | | equities. As | of December 31, 2024, | and | | | $1,601,902,$1,371,933,and$708,515,respectively. | | Thesefunds have been | invested in domesticstocks. | NOTE A – PRINCIPLES OF CONSOLIDATION, NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation
The accompanying consolidated financial statements include the accounts of Anago Cleaning Systems, Inc., Anago Franchising, Inc., Anago Direct Marketing, Inc., APLR, Inc., CCTD, Inc.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the financial statements are consolidated. The consolidated financial statements include the accounts of Anago Cleaning Systems, Inc., Anago Franchising, Inc., Anago Direct Marketing, Inc., APLR, Inc., CCTD, Inc. and PBTR, Inc., which are collectively referred to as the "Company".
In January 2023, Anago acquired EHLB, Inc. dba Anago of Las Vegas, which was included in the consolidated financial statements for the year ended December 31, 2023. However, in November 2024, Anago sold the territory held by EHLB, Inc. dba Anago of Las Vegas. The intercompany accounts of Anago have been eliminated in these consolidated statements.
The independent auditor's report also confirms that the audit was conducted on the consolidated financial statements of Anago Cleaning Systems, Inc. and Subsidiaries and its subsidiaries. This includes the consolidated balance sheets as of December 31, 2024, 2023, and 2022, and the related consolidated statements of operations, changes in stockholders' equity, and cash flows for the years then ended.