What specific financial statements of The C12 Group, LLC are covered by the auditor's opinion?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
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Member of the AICPA & TXCPA.
Registered with Public Company Accounting Oversight Board.
INDEPENDENT AUDITOR'S REPORT
To the Board of Directors The C12 Group, LLC San Antonio, Texas
Opinion
We have audited the accompanying financial statements of The C12 Group, LLC (the Company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, changes in members' equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of The C12 Group, LLC as of December 31, 2024 and 2023, 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.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, the auditor's opinion for C12 Group covers specific financial statements for different years. For the years 2024 and 2023, the audit encompasses the balance sheets, statements of operations, changes in members' equity, cash flows, and related notes.
For the years 2022 and 2021, the auditor's opinion covers the consolidated balance sheets, consolidated statements of operations and members' capital, and cash flows, along with related notes. Additionally, the report on supplementary information includes the consolidating balance sheet and consolidating statement of operations and members' capital.
Prospective franchisees should understand that these audited financial statements provide a detailed look into C12 Group's financial health and performance over these periods. Reviewing these statements can help potential franchisees assess the financial stability and operational efficiency of C12 Group, aiding in their decision-making process.