On what page of the C12 Group's audited financial statements can the Statements of Operations be found?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The consolidating balance sheet, consolidating statement of operations and members' capital, and the condensed consolidated statements of operations and members' capital on pages 11 through 13, respectively, are presented for purposes of additional analysis and is not a required part of the consolidated financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the consolidated financial statements. The information for the year ended December 31, 2022 has been subjected to the auditing procedures applied in the audit of the 2021 consolidated financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the consolidated financial statements or to the consolidated financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information for the year ended December 31, 2022 is fairly stated in all material respects in relation to the 2022 consolidated financial statements as a whole. The comparative information for the years ended December 31, 2018 through 2021 has been derived from The C12 Group, LLC's 2018 through 2021 financial statements of which an unmodified opinion was expressed on those financial statements.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, the consolidated statement of operations and members' capital, and the condensed consolidated statements of operations and members' capital are located on pages 11 through 13 of C12 Group's audited financial statements. These statements are presented for additional analysis and are not a required part of the consolidated financial statements.
The report indicates that this information is the responsibility of C12 Group's management and is derived from the underlying accounting and other records used to prepare the consolidated financial statements. The information for the year ended December 31, 2022, has been subjected to auditing procedures, including comparing and reconciling such information directly to the underlying accounting and other records.
Schriver, Carmona & Company, PLLC issued an opinion that the information for the year ended December 31, 2022, is fairly stated in all material respects in relation to the 2022 consolidated financial statements as a whole. The comparative information for the years ended December 31, 2018 through 2021 has been derived from The C12 Group, LLC's 2018 through 2021 financial statements of which an unmodified opinion was expressed on those financial statements.