As of what date are the audited financial statements for Bombs Away?

According to Bombs Away's 2024 Franchise Disclosure Document, the audited financial statements included are for the year ending December 31, 2023. An independent accountant's audit report states that the financial statements comprise the balance sheet as of this date, along with related profit and loss statements, statements of cash flow, statements of shareholders' equity, and notes for the twelve-month period then ended. This provides a snapshot of the company's financial position and performance at the close of the fiscal year. Bombs Away also includes an opening balance sheet dated December 31, 2022. Bombs Away's fiscal year ends on December 31.

Management has evaluated subsequent events through February 8, 2024, which is the date the financial statements were available to be issued. This evaluation confirms that no events occurring after the balance sheet date and through the review date significantly affect the amounts and disclosures within the financial statements. This subsequent event evaluation provides assurance that the financial picture presented by Bombs Away's financial statements remains accurate and reliable up to that point.

As Bombs Away has not been in business for three years or more, the FDD states that it cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission. Prospective franchisees should be aware that the financial statements provided offer a limited view of the company's longer-term financial history. It is advisable for potential franchisees to carefully review these statements and seek professional financial advice to fully understand the financial health and stability of Bombs Away before making any investment decisions.