According to Exit's FDD, what are the years in which Exit has net capital deficiencies?

According to Exit's 2025 Franchise Disclosure Document, Exit has experienced net capital deficiencies in recent years. Specifically, the company had net capital deficiencies in 2024, 2023, and 2022. These deficiencies are reflected in accumulated stockholders' deficits of $933,970 as of December 31, 2024, $827,221 as of December 31, 2023, and $758,031 as of December 31, 2022.

These accumulated stockholders' deficits, when adjusted for earnings before interest, taxes, depreciation, and amortization (EBITDA), provide a clearer picture of Exit's operational performance and financial health. It's important to consider these deficits in the context of broader market conditions, strategic initiatives, and operational challenges the company faced during those periods. While the company has faced these financial challenges, they project that their 2025 budgeted operations will be sufficient to fund the company's operations and strategic objectives and to meet its obligations as they become due.

For a prospective franchisee, this information indicates that Exit has faced financial difficulties in the past. However, the company's management believes that measures taken will allow them to meet their obligations and continue operations for at least one year from when the consolidated financial statements were issued. It would be prudent for potential franchisees to inquire about the specific measures Exit is taking to address these deficiencies and to assess the long-term financial stability of the company.