Where can I find the notes to the financial statements for Canine Dimensions?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
According to Canine Dimensions' 2025 Franchise Disclosure Document, the notes to the company's financial statements are included as part of Exhibit B. Item 21 states that the audited financial statements for 2024, 2023, and 2022 are attached to the Disclosure Document as Exhibit B. These financial statements include the Independent Auditor's Report, balance sheets, statements of operations, statements of cash flow, statements of changes in member's equity, and the related notes.
The notes to the financial statements provide additional information and explanations about the figures and disclosures presented in the main financial statements. These notes offer insights into Canine Dimensions' accounting policies, related party transactions, and other significant aspects of the company's financial performance and position.
For a prospective Canine Dimensions franchisee, reviewing these notes is crucial for a comprehensive understanding of the franchisor's financial health and stability. The notes can reveal important details that are not immediately apparent from the main financial statements, such as the basis of accounting, how estimates are used, and the nature of related party transactions. Understanding these details can help a franchisee make a more informed decision about investing in a Canine Dimensions franchise.