In the consolidated financial statements for Epcon Communities, which entities' financial statements are included?

According to Epcon Communities' 2025 Franchise Disclosure Document, the consolidated financial statements include the financial statements of Epcon Communities Franchising, LLC (referred to as Franchising) and Epcon Communities Marketing Program, Inc. (referred to as Marketing). These two entities are collectively referred to as the Company in the financial statements. The document specifies that all significant intercompany balances and transactions between Franchising and Marketing have been eliminated during the consolidation process.

For a prospective franchisee, this means that the financial performance presented reflects the combined results of the franchising operations and the marketing activities. By consolidating these entities, Epcon Communities aims to provide a comprehensive view of its financial position and performance. This approach is standard in franchise systems where a parent company and its subsidiaries are closely integrated.

It is important to note that the financial statements do not include the financial results of individual franchisees or related parties such as EC New Vision Ohio, LLC, EC New Vision Carolinas, LLC, EC New Vision, LLC, EC New Vision Georgia, LLC, and EC New Vision Tennessee, LLC. These entities are mentioned in the context of Marketing's activities, which involve promoting sales for both franchisees and these related parties, but their financials are not part of the consolidated statements of Epcon Communities Franchising, LLC and its subsidiary.