table_specific

Where can I find the Consolidating Schedule - Balance Sheet within the City Wide financial statements?

City_Wide Franchise · 2025 FDD

Answer from 2025 FDD Document

Independent Auditor's Report 1
Consolidated Financial Statements
Balance Sheets 3
Statements of Income and Comprehensive Income 4
Statements of Stockholders' Equity 5
Statements of Cash Flows 6
Notes to Financial Statements 7
Supplementary Information
Consolidating Schedule – Balance Sheet 18
Consolidating Schedule – Statement of Income (Loss) and Comprehensive Income (Loss) 19

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)

What This Means (2025 FDD)

According to City Wide's 2025 Franchise Disclosure Document, the Consolidating Schedule – Balance Sheet can be found within the supplementary information of the financial statements. Specifically, the table of contents lists the 'Consolidating Schedule – Balance Sheet' on page 18. This schedule is intended to provide additional analysis of the company's financial position.

The FDD clarifies that while the consolidated financial statements are audited, the consolidating schedules are not subjected to the same auditing procedures. Therefore, no opinion or assurance is provided on this supplementary information by the auditors. This means that while the data is derived from the company's accounting records, it has not been independently verified to the same extent as the main financial statements.

As a prospective franchisee, it is important to understand that the consolidating schedule offers a more detailed breakdown of City Wide's financial data, but it should be viewed with the understanding that it has not been independently audited. Reviewing this schedule can provide additional insights into the financial structure of City Wide and its subsidiaries, but it should be considered as supplementary to the audited consolidated financial statements.

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.