As of what date are the Statements of Cash Flows presented for Crave Cookies?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Crave Cookies Franchising, LLC, which comprise the balance sheet as of December 31, 2024, and the related statements of income, members' equity, and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Crave Cookies Franchising, LLC as of December 31, 2024 and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, the statements of cash flows included in the financial statements are presented for the year ended December 31, 2024. The audit report, which accompanies these financial statements, covers the balance sheet as of December 31, 2024, and the statements of income, members' equity, and cash flows for the year then ended.
Additionally, the 2025 FDD includes financial statements audited for the years ending December 31, 2023 and 2022. The audit report for these statements covers the balance sheets as of December 31, 2023 and 2022, and the statements of operations, members' deficit, and cash flows for the years then ended.
It is standard accounting practice to present a balance sheet for the end of the fiscal year, and then present the statements of cash flow, income, and equity for the entire year. This allows the reader to understand the changes that occurred during the year and how they affected the company's financial position at year-end.