According to C12 Group's 2025 Franchise Disclosure Document, management evaluated subsequent events related to the financial statements through March 15, 2023, which was the date the financial statements were available to be issued. Subsequent events are events that occur after the balance sheet date but before the financial statements are issued.

This evaluation is a standard accounting practice to ensure that the financial statements reflect the most up-to-date information available. These events can have a material impact on the company's financial position and require disclosure. For example, the sale of C12 Atlanta, LLC, which was executed and closed on January 31, 2023, was one such subsequent event.

For a prospective C12 Group franchisee, this means that the financial statements included in the FDD have been reviewed for any significant events that occurred up to March 15, 2023. This provides a level of assurance that the financial information presented is reasonably current. Any material subsequent events would be disclosed in a separate footnote to the financial statements, allowing potential franchisees to assess their impact on C12 Group's financial health.