Are the Deck Medic financial statements for 2022 included?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
We have audited the accompanying financial statements of Deck Medic, Inc. (an Illinois corporation), which comprise the balance sheets as of December 31, 2022 and 2021 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, 2022 and 2021, 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 42)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the financial statements for 2022 are included. The Independent Auditor's Report states that the auditor has audited the balance sheets as of December 31, 2022, and the related statements of operations, stockholders' equity, and cash flows for the years then ended. This indicates that the financial statements for 2022 are part of the audited financial statements presented in the FDD.
Specifically, the auditor's opinion confirms that the financial statements present fairly the financial position of Deck Medic as of December 31, 2022, and the results of its operations and cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America. This provides assurance that the financial information for 2022 has been reviewed and deemed accurate by an independent auditor.
Furthermore, the notes to the financial statements also refer to the years 2022 and 2021, providing additional context and details about Deck Medic's financial performance and position during those periods. For example, the advertising expenses for the year ended December 31, 2022, are disclosed as $69,863. The inclusion of these details reinforces the presence and availability of the 2022 financial information within the FDD.