What years do the Expense Reduction Analysts financial statements cover?
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 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the consolidated financial statements include balance sheets as of December 31, 2024 and 2023. These statements also incorporate the results of operations, changes in stockholder's equity, and cash flows for the years then ended.
Specifically, the independent auditor's report states that they have audited the financial statements of Expense Reduction Analysts, Inc. and subsidiaries. This audit encompasses the consolidated balance sheets, statements of operations, changes in stockholders' equity, and cash flows for the years ending December 31, 2024, and 2023.
Additionally, the 2025 FDD includes an independent auditor's report that covers the consolidated financial statements with balance sheets as of December 31, 2023 and 2022. These statements also include the statements of operations, changes in stockholders' equity, and cash flows for the years then ended. This provides a prospective franchisee with a view of the company's financial performance over a three-year period.