Does the Crave Cookies Statement of Cash Flows include a comparative period?
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 the 2025 Crave Cookies FDD, the company's financial statements include comparative periods for the statement of cash flows. Specifically, the independent auditor's report indicates that the financial statements audited include statements of cash flows for multiple periods, allowing for a comparison of the company's cash flow performance over time. This enables stakeholders to assess trends and changes in Crave Cookies's cash flow activities.
The independent auditor's report for the 2023 and 2022 financial statements states that the audit includes the statements of cash flows for the years ended December 31, 2023 and 2022. Similarly, the independent auditor's report for the 2022 and 2021 financial statements covers the statements of cash flows for the year ended December 31, 2022, and the period from February 15, 2021 (inception) to December 31, 2021. This confirms that Crave Cookies provides comparative statements of cash flows for these periods.
For a prospective Crave Cookies franchisee, this is beneficial because it provides a clearer picture of the company's financial health and stability. Analyzing comparative statements of cash flows can reveal important insights into how Crave Cookies manages its cash, including its ability to generate cash from operations, invest in growth, and finance its activities. This information can help a franchisee assess the financial risks and opportunities associated with investing in a Crave Cookies franchise.