Where can I find the Balance Sheets within the C12 Group's audited financial statements?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
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7550 W IH-10, Suite 504 San Antonio, Texas 78229 Phone: 210-680-0350
Fax: 210-390-0802 www.scc-cpa.com
Independent Auditor's Report
To the Board of Directors of The C12 Group, LLC
Opinion
We have audited the accompanying financial statements of The C12 Group, LLC (a Texas limited liability company) and subsidiary which comprise the consolidated balance sheets as of December 31, 2022 and 2021, and the related consolidated statements of operations and members' capital, and cash flows for the years then ended, and the related notes to the consolidated financial statements.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of The C12 Group, LLC and subsidiary as of December 31, 2022 and 2021, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the consolidated balance sheets as of December 31, 2022 and 2021 are included in the audited financial statements. The balance sheets for December 31, 2023 and 2022 are also present. The Independent Auditor's Report refers to these financial statements, indicating they comprise the balance sheets as of December 31, 2024 and 2023, along with related statements.
These balance sheets are part of Exhibit B, which contains the audited financial statements for C12 Group. The table of contents for these audited financial statements is also provided. The auditor's report confirms that the financial statements present fairly the financial position of The C12 Group, LLC for the specified periods, in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees can find these balance sheets within the financial statements, which are an exhibit to the FDD. Reviewing these statements is crucial for understanding C12 Group's financial health and stability. The inclusion of balance sheets for multiple years allows for trend analysis, which can help in assessing the company's growth and financial performance over time.