What specific period does the Crave Cookies Statement of Cash Flows cover?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Crave Cookies Franchising, LLC (the Company), which comprise the balance sheets as of December 31, 2023 and 2022, and the related statements of operations, members' deficit, and cash flows for the years ended December 31, 2023 and 2022, 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 the Company as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the years 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 statement of cash flows is audited for specific periods. The independent auditor's report indicates that the cash flows are for the years ended December 31, 2023 and 2022. Additionally, the report includes cash flows for the period from February 15, 2021 (inception) to December 31, 2021.
This means that the financial statements provide a view of Crave Cookies's cash activities over these distinct periods, allowing potential franchisees to understand the company's financial performance during those times. The inclusion of the period from inception to the end of 2021 offers insight into the company's initial financial operations after its founding.
Furthermore, a separate audit report details the cash flows for the year ended December 31, 2024. Therefore, the FDD includes statements of cash flows for the year ending December 31, 2024, the years ending December 31, 2023 and 2022, and the period from February 15, 2021 to December 31, 2021. This comprehensive financial reporting helps prospective franchisees assess the financial stability and performance trends of Crave Cookies.