On what pages of Aw's financial statements can I find the Notes to Financial Statements?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
| Independent Auditor's Report | 1 - 2 |
|---|---|
| Balance Sheets | 3 |
| Statements of Operations and Members' Equity (Deficit) | 4 |
| Statements of Cashflows | 5 |
| Notes to Financial Statements | 6 - 7 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, the Notes to Financial Statements can be found on pages 6-7. These notes provide additional details and explanations about the figures and information presented in the core financial statements.
Specifically, the financial statements include an Independent Auditor's Report, Balance Sheets, Statements of Operations and Members' Equity (Deficit), and Statements of Cashflows. The notes are integral to understanding Aw's financial performance and position, as they clarify accounting policies, significant transactions, and potential risks or liabilities.
Prospective franchisees should carefully review these notes, as they offer insights into how Aw manages its revenue recognition, handles related party transactions, and deals with debt, such as loans from the Small Business Administration (SBA). Understanding these aspects can help a franchisee assess the financial health and stability of Aw.