Until what date has the management of Basecamp Fitness evaluated subsequent events for recognition or disclosure?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Subsequent events have been evaluated by management for recognition or disclosure through March 21, 2025, which is the date the consolidated financial statements were available to be issued.
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the management has evaluated subsequent events for recognition or disclosure through March 21, 2025. This date is significant because it represents the date the financial statements were available to be issued.
In practical terms, this means that Basecamp Fitness has assessed events occurring after their fiscal year-end (December 31, 2024) up to March 21, 2025, to determine if any of these events would materially impact the financial statements. These events could include anything from a major lawsuit to a significant change in the company's financial condition.
For a prospective franchisee, this provides some assurance that the financial information presented in the FDD reflects the most current information available as of that date. It's a standard accounting practice to ensure transparency and accuracy in financial reporting. Franchisees should be aware that any events occurring after March 21, 2025, would not be reflected in these statements.