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What was the amount of the security deposit for Canine Dimensions in the year ended December 31, 2023?

Canine_Dimensions Franchise · 2025 FDD

Answer from 2025 FDD Document

Attached to this Disclosure Document as Exhibit B are our audited financial statements for 2024, 2023, and 2022. Our fiscal year ends on December 31.

EXHIBIT B

FINANCIAL STATEMENT

CANINE DIMENSIONS FRANCHISING LLC

FINANCIAL STATEMENTS

YEARS ENDED DECEMBER 31, 2024 AND 2023 with Independent Auditor's Report

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)

What This Means (2025 FDD)

According to Canine Dimensions' 2025 Franchise Disclosure Document, the financial statements for the years ended December 31, 2023, and 2022 were audited. While the financial statements are included as Exhibit B, and the auditor's report covers the balance sheet as of December 31, 2023, the specific amount of any security deposit is not disclosed in the provided excerpts. The notes to the financial statements do not contain information about security deposits. Instead, they focus on items such as accounting methods, related party transactions, and franchise revenue recognition. The audit reports included do not specify any amounts for security deposits held by Canine Dimensions. The excerpts provided focus on revenue derived from franchisees, cash management, and accounting practices. They do not detail specific asset or liability accounts like security deposits.

Therefore, a prospective franchisee cannot determine the security deposit amount, if any, from the provided excerpts of Canine Dimensions' 2025 FDD. This information would typically be found on the balance sheet within the financial statements or in the notes to those statements, specifically within the liabilities section.

To gain clarity, a potential franchisee should directly ask Canine Dimensions about any required security deposits, the terms under which they are held, and where they are reported in the company's financial statements. Understanding these details is crucial for assessing the initial investment and financial obligations associated with the franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.