Until what date were subsequent events evaluated for Cinnaholic's financial statements?

According to Cinnaholic's 2025 Franchise Disclosure Document, the company evaluated events that occurred after the balance sheet date, but before the financial statements were issued. Cinnaholic did not identify any recognized or non-recognized subsequent events that would have required further adjustment or disclosure in the financial statements. These subsequent events were evaluated through April 28, 2025, which was the date the financial statements were made available.

This evaluation period is a standard accounting practice to ensure that the financial statements reflect the most accurate and up-to-date information available. By evaluating events through April 28, 2025, Cinnaholic's management and auditors have provided assurance that there were no significant events after December 31, 2024, that would materially affect the company's financial position or results of operations.

For a prospective franchisee, this means that the financial statements provided in the FDD have been vetted for any major changes or events that occurred shortly after the close of the fiscal year. It gives them some level of confidence that the financial picture presented is relatively stable up to the evaluation date. Franchisees should still perform their own due diligence and consider the overall economic climate and any industry-specific trends that may impact Cinnaholic's performance beyond this date.