For what years are the audited financial statements of C3 Wellness Spa provided?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
Advertising costs for the years ended December 31, 2023 and 2022 were $ 0 and $12,875 respectively.
Management has evaluated subsequent events through April 19, 2024, which is the date the financial statements were available to be issued. The Company did not have any material recognizable subsequent events that would require adjustment to, or disclosure in, the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, the audited financial statements for Aryes Franchising, LLC, which franchises C3 Wellness Spa, are provided for the years ended December 31, 2023, and 2022. This allows prospective franchisees to review the company's financial performance over the past two years.
Specifically, the document mentions that advertising costs for the years ended December 31, 2023, and 2022, were $0 and $12,875, respectively. This level of detail provides insight into the company's spending habits.
Additionally, management evaluated subsequent events through April 19, 2024, to ensure that the financial statements accurately reflect the company's financial position. This evaluation confirms that there were no material subsequent events that would require adjustment or disclosure in the financial statements.