What was the date of management's review of subsequent events for Bombs Away's financial statements?

According to Bombs Away's 2024 Franchise Disclosure Document, management evaluated subsequent events through February 8, 2024. This is the date on which the financial statements were available to be issued. Bombs Away's management determined that events occurring after the balance sheet date through the date of their review did not significantly affect the amounts and disclosures in the financial statements.

This review of subsequent events is a standard accounting practice. It ensures that any significant events that occurred after the balance sheet date, but before the financial statements are issued, are properly disclosed. These events could include things like a major lawsuit, a significant change in the business, or a large transaction.

For a prospective Bombs Away franchisee, this date indicates how current the financial information is. It provides assurance that management has considered events up to that date in preparing the financial statements. This is important for making an informed investment decision, as it reflects the most up-to-date picture of the company's financial health.