For the Expense Reduction Analysts consolidated financial statements, what years are covered in this report?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying consolidated financial statements of Expense Reduction Analysts, Inc. and subsidiaries, which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of operations, changes in stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Expense Reduction Analysts, Inc. and subsidiaries 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.
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the consolidated financial statements included cover two years. Specifically, the report includes consolidated balance sheets as of December 31, 2024 and 2023, along with the related consolidated statements of operations, changes in stockholders' equity, and cash flows for the years then ended. This provides a two-year view of the company's financial position and performance.
In addition, the 2025 FDD includes an earlier report with consolidated financial statements of Expense Reduction Analysts, Inc. and subsidiaries, which comprise the consolidated balance sheets as of December 31, 2023 and 2022, and the related consolidated statements of operations, changes in stockholders' equity, and cash flows for the years then ended.
Prospective franchisees should review these statements and notes carefully to understand Expense Reduction Analysts' financial performance, noting any trends or significant changes between the two periods. Understanding the franchisor's financial health is a crucial part of the due diligence process before investing in a franchise.