Do the Dermani Medspa financial statements include a balance sheet?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITOR'S REPORT
To the Member of dermani MEDSPA Franchising, LLC Windermere, Florida
Opinion
We have audited the accompanying financial statements of dermani MEDSPA Franchising, LLC, which comprise the balance sheet as of December 31, 2024, and the related statements of operations and changes in member's deficit and cash flows for the year then ended, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 66)
What This Means (2025 FDD)
According to the 2025 Dermani Medspa Franchise Disclosure Document, the company's financial statements include a balance sheet. The independent auditor's report for the financial statements as of December 31, 2024, states that the audit encompasses the balance sheet, statements of operations, changes in member's deficit, and cash flows for the year then ended. This indicates that a balance sheet is a component of Dermani Medspa's audited financial statements.
Similarly, the independent auditor's report for the financial statements as of December 31, 2023, confirms that the audit includes the balance sheet, statements of income, changes in member's deficit, and cash flows for the year then ended. This consistency across multiple years suggests that Dermani Medspa regularly includes a balance sheet in its financial reporting.
Furthermore, the independent auditor's report for the financial statements as of December 31, 2022, also states that the audit comprises the balance sheet, statements of operations, changes in member's deficit, and cash flows for the year then ended. Therefore, prospective franchisees can expect to review a balance sheet as part of Dermani Medspa's financial disclosures, providing insights into the company's assets, liabilities, and equity at a specific point in time.