For the Cool Binz consolidated balance sheets, what years are presented?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
ancial statements was issued by BDO USA, P.C., a Virginia professional corporation, and the U.S. member of BDO International Limited, a UK company limited by guarantee.
Consolidated Financial Statements Years Ended December 31, 2024, 2023, and 2022
Contents
| Independent Auditor's Report | 3-4 |
|---|---|
| Consolidated Financial Statements | |
| Consolidated Balance Sheets | 5 |
| as of December 31, 2024, 2023, and 2022 | |
| Consolidated Statements of Operations | 6 |
| for the Years Ended December |
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the consolidated balance sheets are presented as of December 31 for the years 2024, 2023, and 2022. This provides a three-year financial overview, allowing prospective franchisees to review the company's financial performance over that period.
Specifically, the FDD includes consolidated balance sheets, statements of operations, statements of stockholders' equity, and statements of cash flows for these three years. This comprehensive financial reporting is intended to give potential investors a clear picture of Cool Binz's financial health and trends.
Reviewing these statements can help a prospective Cool Binz franchisee assess the stability and growth of the company. It is common practice for franchisors to include several years of financial statements in their FDD to provide a more complete financial picture.