What exhibit contains the Deck Medic audited financial statements?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 23: RECEIPTS]
Metwally CPA PLLC
CERTIFIED PUBLIC ACCOUNTANT
1312 Norwood Dr STE 100, Bedford, Texas 76022
Cell: 214-200-5434 (Mohamed Metwally) Mmetwally@metwallycpa.com
Independent Auditor's Report
To the Stockholders' of Deck Medic, Inc.
Opinion
We have audited the accompanying financial statements of Deck Medic, Inc. (the "Company") which comprise the balance sheets as of December 31, 2023 and 2022 and the related statements of operations, stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Deck Medic, Inc. 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.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Deck Medic, Inc. and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Deck Medic, Inc.'s ability to continue as a going concern within one year after the date that the financial statements are available to be issued.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
Based on the 2024 Deck Medic Franchise Disclosure Document, the audited financial statements for Deck Medic, Inc. are included within Item 23, which pertains to receipts. Item 23 includes the independent auditor's reports and financial statements for the company.
The inclusion of audited financial statements is intended to provide prospective franchisees with an overview of Deck Medic's financial health and stability. These statements include balance sheets, income statements, statements of cash flow, and related notes, offering insights into the company's assets, liabilities, equity, revenues, and expenses.
Prospective franchisees should carefully review these audited financial statements and notes, potentially with the assistance of a financial advisor, to assess the financial risks and opportunities associated with investing in a Deck Medic franchise. Understanding the franchisor's financial performance can help franchisees make informed decisions and evaluate the long-term viability of the franchise system.