Do the Dermani Medspa financial statements include an income statement?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of dermani MEDSPA Franchising, LLC, which comprise the balance sheet as of December 31, 2023, and the related statements of income and changes in member's deficit and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of dermani MEDSPA Franchising, LLC as of December 31, 2023, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 66)
What This Means (2025 FDD)
According to the 2025 Dermani Medspa FDD, the company's financial statements do include an income statement. Specifically, the independent auditor's report states that they audited the balance sheet as of December 31, 2023, and the related statements of income, changes in member's deficit, and cash flows for the year then ended. This indicates that an income statement, also referred to as a statement of operations, is part of Dermani Medspa's financial reporting.
This inclusion is standard practice for financial statement audits, as the income statement provides a summary of revenues, expenses, and profits over a specific period. Franchisees can use this information to assess the financial performance of Dermani Medspa and understand its revenue streams and cost structure.
The auditor's opinion confirms that these financial statements are presented fairly and in accordance with accounting principles generally accepted in the United States of America. This adds credibility to the financial information provided and gives potential franchisees confidence in the accuracy of the data.