Does the Engineering For Kids FDD include financial statements for 2023?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
anchisee associations in existence regardless of whether they use our trademark or not.
ITEM 21 FINANCIAL STATEMENTS
Exhibit E to this disclosure document contains the following financial statements: the audited financial statements for Engineering for Kids International, LLC as of December 31, 2022, December 31, 2023 and December 31, 2024. Our fiscal year end is December 31.
ITEM 22 CONTRACTS
The following agreements are attached as exhibits to this Disclosure Document:
- Exhibit A: Franchise Agreement and exhibits
- Exhibit I: General Release Language
APPENDIX B
PERSONAL GUARANTY
In order to induce Engineering for Kids International, LLC ("Franchisor"), a Delaware limited liability company, to execute an Engineering For Kids Franchise Agreement (the "Agreement") with (the "Company"), a organized under the laws of , the undersigned individuals (collectively, the "Guarantors") unconditionally guaran
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 52–53)
What This Means (2025 FDD)
According to Engineering For Kids' 2025 Franchise Disclosure Document, the document includes audited financial statements as of December 31, 2022, December 31, 2023, and December 31, 2024. The Engineering For Kids fiscal year ends on December 31.
Specifically, the independent auditor's report mentions that the financial statements as of December 31, 2023 and 2022 were audited by other auditors. These previous auditors issued reports dated May 17, 2024, and June 20, 2023, respectively, which expressed an unmodified opinion on those statements.
Furthermore, the FDD includes Engineering For Kids' statements of cash flows, member's equity, and operations for the years ended December 31, 2024, 2023, and 2022.