Are the Expense Reduction Analysts financial statements presented on a calendar year basis?

According to Expense Reduction Analysts's 2025 Franchise Disclosure Document, the consolidated financial statements are presented on a calendar year basis. The Independent Auditors' Report indicates that the financial statements audited include 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. This means that Expense Reduction Analysts' financial reporting aligns with the standard calendar year, beginning on January 1 and ending on December 31.

For a prospective franchisee, this is important because it provides a consistent and comparable view of Expense Reduction Analysts' financial performance over time. The franchisee can review the balance sheets, income statements, and cash flow statements for the years ending December 31, 2024, and December 31, 2023, to understand the company's financial health and trends. This information is crucial for making an informed decision about investing in an Expense Reduction Analysts franchise.

Furthermore, the audit reports included in the FDD provide an additional layer of assurance regarding the accuracy and reliability of these financial statements. The audits were conducted in accordance with auditing standards generally accepted in the United States of America, indicating that Expense Reduction Analysts adheres to standard accounting practices. The auditors' opinion states that the financial statements present fairly the financial position, results of operations, and cash flows of Expense Reduction Analysts and its subsidiaries for the years then ended, which can give potential franchisees confidence in the financial information provided.