Does the Counselor Realty Franchise Disclosure Document include statements of stockholder's equity?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
Counselor's 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 periods ended December 31, 2024, December 31, 2023 and December 31, 2022, are included in this Franchise Disclosure Document at Exhibit A.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
Yes, according to Counselor Realty's 2025 Franchise Disclosure Document, the financial statements include statements of stockholder's equity. Specifically, Item 21 indicates that the balance sheets as of December 31, 2024, and December 31, 2023, along with related statements of operations, stockholder's equity, and cash flows for the periods ending December 31, 2024, 2023, and 2022, are included as Exhibit A.
Exhibit A in the FDD contains the financial statements for Counselor Realty. The table of contents for these financial statements lists the 'Statements of Stockholder's Equity' on page 5. This confirms that the document includes a detailed breakdown of the company's equity over the three-year period.
Furthermore, the independent auditors' report mentions that they audited the financial statements of Counselor Realty Franchising, Inc., which 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. This report provides an opinion on the fairness of the presentation of these financial statements, including the statement of stockholder's equity.