What is the date of the audited financial statements for Bombs Away?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
We have not been in business for three years or more, and therefore cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission. Exhibit C contains our audited financial statements dated December 31, 2023 and opening balance sheet dated December 31, 2022. Our fiscal year end is December 31
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, the company includes audited financial statements dated December 31, 2023, and an opening balance sheet dated December 31, 2022. The company's fiscal year ends on December 31. The independent accountant's audit report for the financial statements as of December 31, 2023, expresses an opinion that the financial statements present fairly the financial position of Bombs Away Franchising LLC.
Management has evaluated subsequent events through February 8, 2024, which was the date the financial statements were available to be issued. They determined that no events occurring after the balance sheet date through the review date substantially affect the amounts and disclosures in the financial statements.
Because Bombs Away has not been in business for three years or more, they are not including all financial statements required by the Franchise Rule of the Federal Trade Commission.