For the Coffee News franchise, what years are covered in the Notes to Financial Statements?

According to Coffee News's 2025 Franchise Disclosure Document, the Notes to the Financial Statements cover the years 2022, 2023, and 2024. These financial statements provide a historical overview of Coffee News's financial performance, which can be a valuable resource for prospective franchisees. Reviewing these statements can help potential franchisees understand the company's revenue, expenses, and overall financial health over the past three years.

Specifically, these notes offer insights into various aspects of Coffee News's financial operations, including accounting policies, revenue recognition, advertising costs, investments, and income taxes. For instance, the notes detail how Coffee News recognizes revenue from franchise sales and royalty payments. They also disclose advertising costs incurred during those years. Additionally, the notes address related party transactions, such as the purchase of printing services from Coffee News Printing, a business with common ownership, and the amounts spent in 2022, 2023, and 2024.

Furthermore, the notes discuss the company's borrowing and leasing activities, retirement plans, and any significant risks and uncertainties that Coffee News faces. For example, the notes mention a $15,000 unsecured line of credit and the company's equipment lease expenses. They also state that Coffee News maintains SEP-IRA retirement accounts for employees, although no contributions were made in 2022, 2023, or 2024. The notes also address the company's risk and uncertainties related to franchise sales and economic conditions.

Finally, the notes also include information on subsequent events, which are events that occurred after the balance sheet date but before the financial statements were issued. In this case, subsequent events were evaluated through February 27, 2025, and no additional matters requiring adjustment or disclosure were identified. This information helps provide a complete picture of Coffee News's financial standing and any factors that could impact its future performance.