factual

For Eos Worldwide, are the financial statements presented on a calendar year basis?

Eos_Worldwide Franchise · 2025 FDD

Answer from 2025 FDD Document

--|-----| | Financial statements | | | Balance sheets | 3 | | Statements of operations | 4 | | Statements of member's equity | 5 | | Statements of cash flows | 6 | | Notes to financial statements | 7-9 | | | |

RSM US LLP

Independent Auditor's Report

Board of Directors EOS Worldwide Franchising, LLC

Opinion

We have audited the financial statements of EOS Worldwide Franchising, LLC (the Company), which comprise the balance sheets as of December 31, 2024 and 2023, the related statements of operations, member's equity and cash flows for the years then ended, and the related notes to the financial statements (collectively, the financial statements).

Source: Item 21 — Financial Statements (FDD pages 73–74)

What This Means (2025 FDD)

According to the 2025 Eos Worldwide FDD, the company's financial statements are indeed presented on a calendar year basis. The Independent Auditor's Report from RSM US LLP indicates that the balance sheets are as of December 31, 2024 and 2023, and the statements of operations, member's equity, and cash flows are for the years then ended. This means that Eos Worldwide closes its books at the end of each calendar year, providing a consistent annual snapshot of its financial performance.

This is a fairly standard practice for businesses, as it aligns with tax reporting requirements and allows for easy comparison of financial data across different years. Prospective franchisees can review these statements to understand Eos Worldwide's financial health and performance over the past two years. The consistency in reporting periods also makes it easier to analyze trends and assess the company's financial stability.

Furthermore, the financial statements for the year ended December 31, 2022, were audited by other auditors, with a report dated March 20, 2023, expressing an unmodified opinion. This historical context provides additional insight into the company's financial reporting practices and audit history. The fact that the financial statements are audited by independent firms like RSM US LLP adds credibility to the reported figures, as these firms are responsible for ensuring the statements are presented fairly and in accordance with accounting principles generally accepted in the United States of America.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.