Where can I find the Statement of Members' Equity in the Bang Cookies financial statements?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 23: RECEIPTS]
Bang Cookies Franchise, LLC Statement of Members' Equity Period From January 19, 2023 to December 31, 2023
[Item 23: RECEIPTS]
FRANCHISE DISCLOSURE DOCUMENT EXHIBIT D FINANCIAL STATEMENTS
Bang Cookies Franchise, LLC
Independent Auditor's Report And
Financial Statements
Period From January 19, 2023 (Inception)to December 31, 2023
[Item 23: RECEIPTS]
Metwally CPA PLLC
CERTIFIED PUBLIC ACCOUNTANT
1312 Norwood Dr STE 100, Bedford, Texas 76022
Cell: 214-200-5434 (Mohamed Metwally) Mmetwally@metwallycpa.com
Independent Auditor's Report
To the Members of Bang Cookies Franchise, LLC
Opinion
We have audited the accompanying financial statements of Bang Cookies Franchise, LLC (the Company), which comprise the balance sheet as of December 31, 2023 and the related statements of operations, members' equity, and cash flows for the period from January 19, 2023 to December 31, 2023 and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Bang Cookies Franchise, LLC as of December 31, 2023 and the results of its operations and its cash flows for the period from January 19, 2023 to December 31, 2023, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies' 2024 Franchise Disclosure Document, the Statement of Members' Equity for the period from January 19, 2023, to December 31, 2023, is included in the financial statements. The financial statements are part of Exhibit D in the FDD.
The independent auditor's report, prepared by Metwally CPA PLLC, covers the financial statements of Bang Cookies Franchise, LLC, which include the balance sheet as of December 31, 2023, and the related statements of operations, members' equity, and cash flows for the period from January 19, 2023, to December 31, 2023. The auditor's opinion states that these financial statements present fairly the financial position, results of operations, and cash flows of Bang Cookies in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees can review this statement to understand the equity structure and changes within Bang Cookies during its initial period of operations. This information is crucial for assessing the financial health and stability of the franchisor, which can influence a franchisee's confidence in the brand and its management.