What years are covered by the balance sheet in the audited financial statements of Best Brains Inc.?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Best Brains Inc., which comprise the balance sheet as of December 31, 2024, and 2023, and the related statements of operations, statement of stockholders' equity, and cash flows for the year then ended, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the audited financial statements include balance sheets as of December 31, 2024, and 2023. This means the financial position of Best Brains is presented for these two specific year-end dates.
These audited financial statements offer prospective franchisees insight into Best Brains' financial health and performance over the past two years. Reviewing these statements can help potential franchisees assess the company's assets, liabilities, and equity, providing a clearer picture of its financial stability.
In addition to the audited balance sheets, the FDD also 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. While these are not audited, they provide more current financial information, though it's important to remember that unaudited statements have not been verified by an independent accountant.