Are the financial statements for Epcon Communities presented as of three different years?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying consolidated financial statements of Epcon Communities Franchising, LLC and Subsidiary (the Company), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of income and changes in member's equity and cash flows for the years then ended, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 85)
What This Means (2025 FDD)
According to Epcon Communities' 2025 Franchise Disclosure Document, the consolidated balance sheets are presented as of December 31, 2024 and 2023. The related consolidated statements of income, changes in member's equity, and cash flows are for the years then ended.
Additionally, the notes to the Consolidated Financial Statements are for December 31, 2024 and 2023. This means the financial statements provide a two-year comparison for these key financial metrics.
An independent auditor's report is included, expressing their opinion that the financial statements present fairly the financial position of Epcon Communities as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.