Until what date did Cicis evaluate events and transactions for potential recognition or disclosures in preparing the combined financial statements?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
In preparing these combined financial statements, the Company has evaluated events and transactions for potential recognition or disclosures through April 25, 2025, which was the date the combined financial statements were available to be issued. There are no items which required adjustment or disclosure in the accompanying combined financial statements.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the company evaluated events and transactions through April 25, 2025, for potential recognition or disclosures in the preparation of their combined financial statements. This date represents the cutoff for considering events that might materially impact the financial statements for the year ending December 31, 2023.
This evaluation is a standard accounting practice to ensure that all relevant information is included in the financial statements, providing a complete and accurate picture of the company's financial position. The fact that Cicis performed this evaluation through April 25, 2025, indicates that the financial statements were prepared and available to be issued on that date.
For a prospective franchisee, this information provides insight into the timeliness and thoroughness of Cicis's financial reporting. It assures that the financial data presented in the FDD reflects the most up-to-date information available at the time of its issuance.