factual

On what date was the auditor's report for Cinnaholic's financial statements issued?

Cinnaholic Franchise · 2025 FDD

Answer from 2025 FDD Document

Subsequent events have been evaluated through April 28, 2025, the date at which the financial statements were made available. Muhammad Zubairy, CPA PC

Westbury, NY April 28, 2025

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)

What This Means (2025 FDD)

According to Cinnaholic's 2025 Franchise Disclosure Document, the auditor's report for the company's financial statements was issued on April 28, 2025. This date is significant because it marks the completion of the audit process, after which the financial statements were made available. The auditor, Muhammad Zubairy, CPA PC, located in Westbury, NY, conducted the audit.

This date is important for prospective franchisees as it indicates how current the financial information is. The financial statements include balance sheets as of December 31, 2024 and 2023, and related statements of operations, changes in members' deficit, and cash flows for the years then ended. The auditor's report assures that these financial statements present fairly the financial position of Cinnaholic Franchising, LLC, in accordance with accounting principles generally accepted in the United States of America.

Furthermore, the FDD states that subsequent events were evaluated through April 28, 2025, which is the same date the financial statements were made available. This means that any events occurring after December 31, 2024, that could materially affect the financial statements were considered up to this date. This evaluation provides additional assurance to potential franchisees that the financial information is comprehensive and reflects the most current information available.

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.