Does the Best Brains financial statement for December 31, 2023, show any assets?

According to Best Brains' 2025 Franchise Disclosure Document, the financial statements include a balance sheet as of December 31, 2023. The independent auditor's report states that they have audited the financial statements of Best Brains Inc., which comprise the balance sheets as of December 31, 2023. This indicates that the financial statement for that date does include assets, as the balance sheet is a snapshot of the company's assets, liabilities, and equity at a specific point in time. The auditor's opinion confirms that the financial statements present fairly the financial position of Best Brains Inc. as of that date. The notes to the financial statements also discuss items such as cash deposits, which are assets. Therefore, the financial statement does reflect the company's assets as of December 31, 2023.

Furthermore, the financial statements are prepared using the accrual basis of accounting, which means that all receivables are reflected. The notes also mention that at December 31, 2023, the company had no balances with financial institutions in excess of the insured limit, implying the existence of cash deposits. The notes also refer to inventory, which consists of books and materials, and related party transactions, which could involve receivables or payables, all of which are related to assets. The inclusion of these details suggests that the financial statement does account for various types of assets held by Best Brains as of December 31, 2023.

In summary, the auditor's report, the inclusion of a balance sheet, and the notes to the financial statements all point to the fact that the Best Brains financial statement for December 31, 2023, does indeed show assets. A prospective franchisee can rely on this audited financial information to understand the financial health and asset position of Best Brains as of that date.