According to Counselor Realty's 2025 Franchise Disclosure Document, the financial statements include statements of cash flows. Specifically, Item 21 states that the balance sheets as of December 31, 2024, and December 31, 2023, and the related statements of operations, stockholder's equity, and cash flows for the years ended December 31, 2024, December 31, 2023, and December 31, 2022, are included in Exhibit A.

An independent auditor's report confirms that the financial statements of Counselor Realty Franchising, Inc. include the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, stockholder's equity, and cash flows for the years ended December 31, 2024, 2023 and 2022.

The inclusion of these statements provides insight into Counselor Realty's financial performance over the past three years, which is essential for prospective franchisees to evaluate the financial stability and historical performance of the franchisor. A potential franchisee can review the statements of cash flow to understand the movement of cash both into and out of the company, which is a key indicator of financial health.