Does the Engineering For Kids FDD include financial statements for 2024?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 52–53)
What This Means (2025 FDD)
According to Engineering For Kids's 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. These financial statements are included as Exhibit E to the disclosure document.
The inclusion of these financial statements gives prospective franchisees access to important information regarding Engineering For Kids's financial performance over the past three years. Reviewing these statements can help potential franchisees assess the financial stability and overall health of the company.
The financial statements include the balance sheet as of December 31, 2024, and the related statements of operations, member's equity, and cash flows for the year then ended, and the related notes to the financial statements. The auditor's report states that the financial statements present fairly the financial position of Engineering for Kids International, LLC as of December 31, 2024, 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.