Until what date were the financial statements and related disclosures of Degree Wellness evaluated?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
The financial statements and related disclosures include evaluation of events up through and including March 24, 2025, which is the date the financial statements were available to be issued.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the financial statements and related disclosures were evaluated up to and including March 24, 2025. This date signifies the cutoff for events that could materially impact the company's financial position and which the auditors considered in their report.
For a prospective franchisee, this means the financial information presented in the FDD reflects the most current assessment of Degree Wellness's financial standing available at the time of issuance. Any events occurring after March 24, 2025, would not be included in this evaluation.
It is important for potential franchisees to understand the timeframe covered by the financial statements, as it provides context for the data presented. While the evaluation extends to March 24, 2025, the balance sheet itself is as of December 31, 2024, meaning there is a roughly three-month gap between the balance sheet date and the date of the subsequent events evaluation.