What was the total amount of stockholders' equity for Burros Fries?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
ITEM 21 FINANCIAL STATEMENTS
Our certified, independent, audited financial statements for the period from January 1, 2021 to December 31, 2021, audited financial statements for the period from January 1, 2022 to December 31, 2022, and audited financial statements for the period from January 1, 2023 to December 31, 2023, and unaudited financials for the period of January 1, 2024 to October 31, 2024 are attached to this Disclosure Document as Exhibit G. Our fiscal year end is December 31. We have not been in business for three complete years or more and therefore cannot include all the financial statements required by the Rule for our last three fiscal years.
EXHIBIT G
Financial Statements
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2024 FDD)
Based on the 2024 Franchise Disclosure Document, the balance sheets for Burros & Fries Franchise, Inc. are included for December 31, 2021, December 31, 2022, and December 31, 2023. Additionally, unaudited financials are available for the period ending October 31, 2024.
However, the provided excerpts do not contain the actual balance sheets or the specific figures for stockholders' equity as of those dates. The excerpts mainly consist of auditor's reports, notes on accounting policies, and consents to use the reports in the FDD.
To obtain the total amount of stockholders' equity for Burros Fries, a prospective franchisee should carefully review Exhibit G of the 2024 FDD, which contains the financial statements. If the information is not present or clear, they should directly ask the franchisor for the specific stockholders' equity figures for the dates mentioned above.