Where can I find the notes to consolidated financial statements referenced in Anago's operating income analysis?

According to Anago's 2025 Franchise Disclosure Document, the notes to the consolidated financial statements for Anago Cleaning Systems, Inc. and Subsidiaries can be found within Item 23. Specifically, the consolidated financial statements include notes for December 31, 2024, 2023, and 2022. These notes provide additional details and explanations regarding the financial figures presented in the statements of operations, changes in stockholders' equity, and cash flows.

The notes to the consolidated financial statements include information such as the principles of consolidation, nature of activities, and significant accounting policies. For example, Note A discusses the principles of consolidation, listing the entities included in the consolidated financial statements, such as Anago Cleaning Systems, Inc., Anago Franchising, Inc., and others. It also mentions the acquisition and subsequent sale of EHLB, Inc. dba Anago of Las Vegas and how intercompany accounts are eliminated.

Other notes provide further details on specific financial aspects. Note N discusses the sale of territory assets of EHLB, Inc. dba Anago of Las Vegas, including the proceeds, cost, and gain on the sale. It also explains how the revenue and expenses of this entity have been reclassified. Note O addresses customer and risk concentrations, including credit risk and the company's cash and equivalents accounts. Note P covers the subsequent events review, with the review period ending on March 17, 2025.

Prospective franchisees should carefully review these notes to gain a deeper understanding of Anago's financial performance and position. Understanding these notes is crucial for assessing the financial health and stability of Anago, which can inform a franchisee's decision-making process.