Where can I find the Statement of Cash Flows in the Bigfoot Forestry FDD?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Bigfoot Franchising, LLC (the Company), which comprise the balance sheet as of December 31, 2024, and the related statements of operations, members' equity (deficit), and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
As discussed in note 5 with the financial statements, the Company has extensive transactions and relationships with its affiliates. Accordingly, the accompanying financial statements may not be indicative of the results of operations that would have been achieved if the Company had operated without such affiliations. Our opinion is not modified with respect to this matter.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to the 2025 Bigfoot Forestry FDD, the Statement of Cash Flows can be found within the audited financial statements. Specifically, the independent auditor's report indicates that the financial statements include the balance sheet as of December 31, 2024, and the related statements of operations, members' equity (deficit), and cash flows for the year then ended, along with related notes.
This means that a prospective Bigfoot Forestry franchisee can review the company's cash flow activities, including operating, investing, and financing activities, for the specified period. The Statement of Cash Flows provides insights into how Bigfoot Forestry generates and uses cash, which is crucial for understanding the company's financial health and stability.
The audit was conducted by Metwally CPA PLLC, and their opinion is that the financial statements present fairly the financial position, results of operations, and cash flows of Bigfoot Forestry in accordance with accounting principles generally accepted in the United States of America. This statement suggests a level of reliability and adherence to standard accounting practices in the preparation of these financial statements.
Note that the auditor's report also includes an emphasis of a matter regarding the Company's extensive transactions and relationships with its affiliates, advising that the financial statements may not be indicative of the results of operations that would have been achieved if the Company had operated without such affiliations. This is an important consideration for potential franchisees as it highlights the impact of related-party transactions on the company's financial performance.