Through what date were subsequent events evaluated for Crave Cookies' financial statements?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
Note 9 - Subsequent Events
Subsequent events have been evaluated through April 30, 2025, which is the date the financial statements were available to be issued.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, subsequent events related to the company's financial statements were evaluated through April 30, 2025. This means that the company's management and auditors considered events that occurred after the balance sheet date (December 31, 2024) up to April 30, 2025, to determine if any of these events would have a material impact on the financial statements.
This evaluation is a standard accounting practice to ensure that the financial statements provide an accurate and up-to-date representation of the company's financial position. These events could include things like a major lawsuit, a significant change in the company's business, or a large transaction that occurred after the close of the fiscal year but before the financial statements were issued.
For a prospective Crave Cookies franchisee, this date is important because it provides a timeframe for understanding the context of the financial information presented. Any significant events that occurred after April 30, 2025, would not be reflected in these financial statements. Therefore, it is crucial for potential franchisees to inquire about any material events that may have transpired after this date to gain a comprehensive understanding of the company's current financial standing and future prospects.