As of what date was the auditor's report for Bigfoot Forestry issued?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
Metwally CPA PLLC
Metwally CPA PLLG Bedford, Texas June 17, 2024
Bigfoot Franchising, LLC Notes to Financial Statement December 31, 2023
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to Bigfoot Forestry's 2025 Franchise Disclosure Document, the independent auditor's report regarding the financial statements for the year ending December 31, 2024, was issued by Metwally CPA PLLC on June 17, 2024. This report covers the balance sheet, statements of operations, members' equity (deficit), and cash flows for that year, along with related notes.
The auditor's report indicates that the financial statements of Bigfoot Forestry fairly represent the company's financial position as of December 31, 2024, and the results of its operations and cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America. The auditor conducted the audit in accordance with auditing standards generally accepted in the United States of America and believes that the audit evidence obtained provides a sufficient basis for their opinion.
Additionally, the auditor's report includes an emphasis of a matter regarding Bigfoot Forestry's transactions and relationships with its affiliates, noting that the financial statements may not be indicative of the results of operations that would have been achieved if the company operated without such affiliations. However, the auditor's opinion is not modified with respect to this matter. This suggests that while there are related-party transactions, they do not invalidate the fairness of the financial statements but are something a potential franchisee should be aware of.