As of what date is the balance sheet presented in the Brain Balance financial report?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
Brain Balance Achievement Centers Balance Sheet
As of Date: 2/28/2025
Source: Item 23 — RECEIPTS (FDD pages 72–292)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, the balance sheet is presented as of February 28, 2025. The balance sheet provides a snapshot of the company's assets, liabilities, and equity at this specific point in time.
In addition to the balance sheet as of February 28, 2025, the financial report includes an independent auditor's report and a balance sheet as of December 31, 2024, 2023, and 2022. This allows for a comparison of Brain Balance's financial position over the past three years.
It is important to note that the financial statements included in the FDD have been prepared without an audit. Prospective franchisees should be aware that no independent certified public accountant has audited these figures or expressed an opinion regarding their content or form. Brain Balance advises prospective franchisees or sellers of franchises should be advised of this fact.