What exhibit number contains Cordova's financial statements?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
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Franchise Disclosure Document Exhibit D – Financial Statements
THESE FINANCIAL STATEMENTS ARE PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO CERTIFIED PUBLIC ACCOUNTANT HAD AUDITED THESE FIGURES OR EXPRESSED HIS/HER OPINION WITH REGARD TO THE CONTENT OR FORM.
CORDOVA FRANCHISING, LLC
BALANCE SHEET- CASH BASIS
March 7, 2025 (Unaudited)
ASSETS:
Current Assets:
Cash 10,000
**Total Curre
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 44)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, the company's financial statements are found in Exhibit D. The balance sheet provided is on a cash basis and is unaudited. As of March 7, 2025, Cordova Franchising, LLC reported total assets of $10,000, consisting entirely of cash. Liabilities are reported as zero. Total equity also amounts to $10,000, comprised of $1,000 in capital stock and $9,000 in owner's equity.
It is important to note that the financial statements included in Exhibit D are unaudited. The FDD explicitly advises prospective franchisees to be aware that no certified public accountant has audited these figures or expressed an opinion on their content or form. This lack of independent verification introduces a higher level of risk, as the accuracy and reliability of the financial information have not been assessed by an independent professional.
Prospective franchisees should carefully review these unaudited financial statements and consider seeking professional financial advice to fully understand the financial condition of Cordova. Given that the financial statements are unaudited, potential franchisees may want to ask Cordova for more detailed and verified financial information to assess the company's financial stability and future prospects.