How did the total assets of Boulder Designs change from 2023 to 2024?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
ess of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Jugare, Resonaire, Boyd o Thomas . I.C.
Balance Sheets
December 31, 2024 and 2023
| | 2024 | 2023 | |--------------------
Source: Item 23 — RECEIPT (FDD pages 50–217)
What This Means (2025 FDD)
According to Boulder Designs's 2025 Franchise Disclosure Document, the company's total assets decreased from 2023 to 2024. In 2023, Boulder Designs had total assets of $1,642,024. By 2024, the total assets had decreased to $1,491,315. This represents a decrease of $150,709 in total assets from 2023 to 2024.
This change in total assets can be an important indicator of the financial health and performance of Boulder Designs. Potential franchisees should investigate the reasons behind this decrease. It could be due to various factors such as decreased revenues, increased expenses, or changes in the value of assets.
Understanding the reasons for this change is crucial for prospective franchisees. They should ask Boulder Designs for detailed explanations and supporting documentation to assess the potential risks and opportunities associated with investing in the franchise. Analyzing the balance sheets for both years, along with the income statements and cash flow statements, will provide a more complete picture of the company's financial performance and stability.