What specific financial statements of Extreme Art Studio Franchising, LLC were audited?

According to Extreme Art Studio's 2024 Franchise Disclosure Document, the audited financial statements of Extreme Art Studio Franchising, LLC include the balance sheet as of December 31, 2023, and the related statements of operations, member's equity, and cash flows for the year then ended, along with the related notes to the financial statements.

The audit was conducted in accordance with auditing standards generally accepted in the United States of America. The auditor's report expresses an opinion that the financial statements present fairly the financial position of Extreme Art Studio Franchising, LLC as of December 31, 2023, and the results of its operations and its cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America.

In addition to the audited financials, Extreme Art Studio's FDD also includes unaudited financial statements as of January 31, 2024. Prospective franchisees should be aware that these unaudited statements have not been reviewed by a certified public accountant, and no opinion is expressed regarding their content or form. The availability of both audited and unaudited financial statements provides a more comprehensive view of Extreme Art Studio's financial performance and position.