According to Cordova's 2025 Franchise Disclosure Document, the financial statements included as Exhibit D provide a snapshot of the company's financial position. Specifically, the balance sheet included in the FDD shows Cordova's assets, liabilities, and equity as of March 7, 2025. The document indicates that these financial statements are unaudited and prepared on a cash basis.

For a prospective franchisee, this means the financial statements offer some insight into the financial stability of Cordova Franchising, LLC. However, because the statements are unaudited, they have not been verified by a certified public accountant. This introduces a level of risk, as the figures presented have not been independently validated. The balance sheet lists current assets, including cash of $10,000, bringing total assets to $10,000. The liabilities are listed as zero, with equity consisting of $1,000 in capital stock and $9,000 in owner's equity, totaling $10,000.

Given that the financial statements are unaudited and prepared on a cash basis, potential franchisees should exercise caution when interpreting this information. It is advisable to consult with a financial advisor to review these statements and understand their implications fully. The FDD explicitly advises prospective franchisees that no certified public accountant has audited these figures or expressed an opinion regarding their content or form. This disclaimer underscores the importance of conducting thorough due diligence and seeking professional financial advice before making any investment decisions related to purchasing a Cordova franchise.