For Epcon Communities, what years are covered in the Consolidated Statements of Income and Changes in Member's Equity?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
Consolidated Statements of Income and Changes in Member's Equity For the Years Ended December 31, 2024 and 2023
Source: Item 23 — RECEIPTS (FDD pages 86–280)
What This Means (2025 FDD)
According to Epcon Communities' 2025 Franchise Disclosure Document, the Consolidated Statements of Income and Changes in Member's Equity cover the years ending December 31, 2024 and 2023. This information is crucial for prospective franchisees as it provides a glimpse into the company's recent financial performance. Reviewing these statements allows potential franchisees to assess the revenue, expenses, and overall profitability trends of Epcon Communities over these two years.
Furthermore, the FDD also includes an Independent Auditor's Report that provides an opinion on the fairness of the consolidated financial statements for 2024 and 2023. This report indicates that the financial statements are presented fairly in accordance with accounting principles generally accepted in the United States of America. This adds a layer of credibility to the financial data presented.
In addition to the statements for 2024 and 2023, the FDD contains statements of income and changes in member's equity for the years ended December 31, 2023 and 2022. This allows a prospective franchisee to review Epcon Communities' financial performance over a three-year period.