Did the reclassification of general and administrative expense items in Craters & Freighters' 2023 financial statements have any impact on the reported results of operations for that year?

According to the 2025 Craters & Freighters Franchise Disclosure Document, certain reclassifications were made to the 2023 financial statements to conform to the 2024 presentation. These reclassifications primarily related to the classification of certain general and administrative expense items. Importantly, Craters & Freighters states that this change had no effect on the 2023 results of operations.

This means that while the presentation of some expense items may have been adjusted for clarity or consistency between reporting periods, the underlying financial performance of Craters & Freighters for 2023 remained unchanged. A prospective franchisee can be assured that the restatement did not alter the profit, loss, or other key operational metrics initially reported for that year.

It is common accounting practice to reclassify expenses for better presentation or to align with current accounting standards. The fact that Craters & Freighters explicitly states there was no impact on the results of operations provides transparency and suggests that the changes were purely presentational rather than substantive corrections of errors.