What date were the financial statements available to be issued for Crab N Spice?

According to Crab N Spice's 2024 Franchise Disclosure Document, the financial statements were available to be issued on March 11, 2024. This date is significant because it represents the point in time through which the company's management evaluated events that might materially affect the information presented in the financial statements. This evaluation period extends from the balance sheet date (December 31, 2023) up to the date the financial statements were available for release.

Crab N Spice's management is required to assess any events occurring after the balance sheet date to determine if they necessitate adjustments or disclosures in the financial statements. By stating that the management has evaluated subsequent events through March 11, 2024, and found no events that substantially affect the financial statements, Crab N Spice provides assurance that the financial picture presented is complete and accurate up to that date.

For a prospective franchisee, this date offers a level of confidence that the financial information provided by Crab N Spice is current and has been vetted for any significant changes that occurred shortly after the close of the fiscal year. It's a standard accounting practice to ensure that financial statements reflect the most up-to-date information available before they are used for decision-making purposes, such as by potential investors or franchisees.