Does the Deck Medic FDD include financial statements?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
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 present
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the document includes audited financial statements. Specifically, the financial statements include balance sheets as of December 31, 2023 and 2022, and related statements of operations, stockholders' equity, and cash flows for the years then ended, along with related notes.
The inclusion of these financial statements and notes is intended to provide prospective franchisees with a clear understanding of Deck Medic's financial position and performance. These statements are prepared by the company's management and audited by an independent certified public accountant.
The independent auditor, Metwally CPA PLLC, has issued an opinion stating that the financial statements present fairly, in all material respects, the financial position of Deck Medic 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. This opinion provides assurance that the financial statements can be relied upon by potential investors and franchisees.