What financial statements are included in the Canine Dimensions financial statement?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
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ITEM 21 FINANCIAL STATEMENTS
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
CONTENTS
| INDEPENDENT AUDITOR'S REPORT | 1-2 |
|---|---|
| AUDITED FINANCIAL STATEMENTS | |
| BALANCE SHEETS | 3 |
| STATEMENTS OF OPERATIONS | 4 |
| STA |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
According to Canine Dimensions' 2025 Franchise Disclosure Document, the financial statements include statements of operations, balance sheets, and statements of cash flows. These audited financial statements for Canine Dimensions cover the years 2024, 2023, and 2022, with the fiscal year ending on December 31. These statements are attached as Exhibit B to the disclosure document.
The statements of operations provide a summary of Canine Dimensions' revenues, expenses, and profits over a period of time. The balance sheets offer a snapshot of the company's assets, liabilities, and equity at a specific point in time. The statements of cash flows illustrate the movement of cash both into and out of the company during a reporting period, categorized by operating, investing, and financing activities.
As a prospective franchisee, reviewing these financial statements is crucial for assessing the financial health and stability of Canine Dimensions. Analyzing these documents can provide insights into the company's profitability, liquidity, and solvency, which are key indicators of its ability to support its franchisees and sustain long-term growth. It is important to consult with a financial advisor to fully understand the implications of these statements.