What was the balance for Bombs Away as of December 31, 2022?

According to Bombs Away's 2024 Franchise Disclosure Document, the balance as of December 31, 2022, was $50,000. This figure represents the company's financial position at the close of the 2022 fiscal year. The FDD also notes that the company's fiscal year ends on December 31.

It's important to note that this balance is just a snapshot in time. It reflects the cumulative effect of all financial transactions up to that date. For a prospective franchisee, this figure provides a starting point for understanding Bombs Away's financial history. However, it doesn't reveal the full picture of the company's financial performance over time.

To gain a more complete understanding, a potential Bombs Away franchisee should review the company's complete financial statements, including the profit and loss statement, statement of cash flows, and statement of shareholders' equity. These statements provide insights into the company's revenues, expenses, cash flow, and equity over a period of time. Additionally, it would be wise to consult with a financial advisor to fully understand the implications of these financial statements.