What is the specific date covered by the financial statement provided for Best Brains?

According to Best Brains' 2025 Franchise Disclosure Document, the audited financial statements included cover the fiscal years ending December 31, 2024, December 31, 2023, and December 31, 2022. Additionally, the FDD includes an unaudited balance sheet as of March 31, 2025, and an unaudited Profit & Loss Statement for the period from January 1, 2025, to March 31, 2025.

For a prospective Best Brains franchisee, this means they can review the company's financial performance over the past three years, as well as a more recent snapshot of its balance sheet and profit/loss situation. The audited statements provide a higher level of assurance due to the independent audit, while the unaudited statements offer more current, though less verified, financial data.

It is important to note that the FDD explicitly states that the unaudited portions of the financial statements have not been reviewed by a Certified Public Accountant. This means that prospective franchisees should exercise caution when relying on these figures and consider seeking professional financial advice to fully understand the implications. The auditor's report included in the FDD clarifies the scope and limitations of the audit conducted on the financial statements for 2022, 2023 and 2024.

Overall, the inclusion of both audited and unaudited financial statements provides a more comprehensive view of Best Brains' financial health. However, prospective franchisees should carefully consider the differences between these statements and seek professional guidance to make informed decisions.