Until what date were subsequent events evaluated for Cinnaholic Franchising LLC's financial statements?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the evaluation, the Company did not identify any recognized or non-recognized subsequent events that would have required further adjustment or disclosure in the financial statements. Subsequent events have been evaluated through April 28, 2025, the date at which the financial statements were made available.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the company evaluated subsequent events through April 28, 2025. This evaluation considers events occurring after the balance sheet date (December 31, 2024) but before the financial statements were issued.
Cinnaholic's management assesses these events to determine if any adjustments or disclosures are needed in the financial statements. This process ensures that the financial statements accurately reflect the company's financial condition up to the date the statements are released.
For a prospective franchisee, this date indicates the latest point up to which Cinnaholic considered events that could impact the financial picture presented in the FDD. It provides assurance that the financial information is as up-to-date as possible, within the constraints of the auditing and financial reporting process.