Where can I find the Notes to Consolidated Financial Statements within the Annex Brands financial statements?

According to Annex Brands' 2025 Franchise Disclosure Document, the Notes to Consolidated Financial Statements can be found on pages 7 through 14. These notes provide additional details and explanations regarding the information presented in the core financial statements. The financial statements include the consolidated balance sheets as of September 30, 2024, and 2023, and the consolidated statements of income, shareholders' equity, and cash flows for the years ended September 30, 2024, 2023, and 2022.

The notes cover various aspects of Annex Brands' financial activities, offering insights into the company's accounting policies, commitments, and potential risks. For instance, Note 1 discusses the nature of Annex Brands' business, including its incorporation details and the services offered by its franchisees. Note 2 delves into the summary of significant accounting policies, such as revenue recognition, accounts receivable, equipment and leasehold improvements, and intangible assets.

Further notes provide information on specific financial elements, such as employee benefit plans and stock option plans. Note 6 describes the details of the company's 401(k) plan, including matching contributions made by Annex Brands. Note 7 outlines the incentive stock option plan for executives and key employees, including the number of shares reserved and the vesting terms. These notes are crucial for a comprehensive understanding of Annex Brands' financial position and performance.

Prospective franchisees should carefully review these notes to gain a deeper understanding of Annex Brands' financial practices and potential financial implications. Understanding these details can help franchisees assess the financial stability and operational strategies of Annex Brands, aiding in their decision-making process.