How does Deer Solution define 'Calendar Year' for the purposes of Item 19?

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 that same year. This definition is important within Item 19, which provides financial performance representations, as it establishes the specific timeframe for which financial data is reported and analyzed.

This definition of 'Calendar Year' is used in several contexts within Item 19. For example, the document refers to 'New Accounts' as those acquired during the '2024 Calendar Year,' and 'Renewed Accounts' as those serviced prior to and continuing through the '2024 Calendar Year.' Similarly, a 'New Franchise Outlet' is one that opens and commences operations for the first time during a specific calendar year, while an 'Operational Franchise Outlet' is one that was open and operating on or before the start of a particular calendar year.

For a prospective Deer Solution franchisee, understanding this definition is crucial for interpreting the financial performance data presented in Item 19. It clarifies the periods for which revenues, expenses, and other financial metrics are calculated, allowing for a consistent and accurate comparison of performance across different franchise outlets and years. This standardization helps potential franchisees assess the financial viability of a Deer Solution franchise and make informed decisions.