How does Deer Solution define 'Calendar Year' for the purposes of financial reporting?

According to Deer Solution's 2025 Franchise Disclosure Document, a 'Calendar Year' is defined as the 12-month period that starts on January 1 and ends on December 31 of each year. This definition is important because Deer Solution uses the term 'Calendar Year' in Item 19 to define other financial terms such as 'New Account', 'New Franchise Outlet', and 'Operational Franchise Outlet'.

For example, a 'New Account' is defined as an account acquired during the 2024 Calendar Year. Similarly, a 'New Franchise Outlet' refers to a franchise that opened and commenced operations for the first time during a specific Calendar Year. An 'Operational Franchise Outlet' is one that was open and operating on or before the start of a particular Calendar Year.

Deer Solution uses the calendar year as a standard timeframe for evaluating financial performance and categorizing different aspects of the business. This standardization helps in comparing financial data across different franchise locations and years. Prospective franchisees should understand this definition, as it is used in the Item 19 financial performance representations.