Bigfoot Franchising, LLC Notes To Financial Statements December 31, 2024

1. COMPANY AND NATURE OF OPERATIONS

Bigfoot Franchising, LLC (the Company) was organized in South Carolina on July 12, 2022. The Company operates under the trade name Bigfoot Forestry and offers franchise opportunities in the land services industry. Franchisees provide land clearing and forestry services, including mulching, brush removal, excavation, and stump grinding, to residential and commercial customers. Franchise operations are designed to be conducted from home or small facilities with scalability as demand grows.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies is presented to assist the reader in understanding and evaluating the Company's financial statements. The financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity. These accounting policies conform to generally accepted accounting principles and have been consistently applied in the preparation of financial statements.

A. Basis of Accounting

The Company's financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP").

B. Cash and Cash Equivalents

For purposes of the Statement of cash flows, cash equivalents include bank accounts and cash in transit for bank deposits with maturities of three months or less to be cash equivalents.

C. Accounts Receivable

Source: Item 23 — RECEIPT (FDD pages 42–162)