factual

What is the date of Fly To Fit's financial statement notes?

Fly_To_Fit Franchise · 2024 FDD

Answer from 2024 FDD Document

FLY TO FIT FRANCHISE, LLC NOTES TO FINANCIAL STATEMENTS APRIL 15, 2024

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 44)

What This Means (2024 FDD)

According to Fly To Fit's 2024 Franchise Disclosure Document, the notes to the financial statements are dated April 15, 2024. This date is explicitly stated on multiple pages within Item 21, which contains the company's financial statements and related notes. Specifically, the balance sheet reflects the financial position of Fly To Fit as of this date.

These notes provide additional context and details about the figures presented in the financial statements, including the organization's activities, accounting policies, and potential risks. For example, the notes discuss how Fly To Fit recognizes revenue from franchise fees, handles income taxes, and manages financial risks. They also cover commitments, contingencies, and subsequent events that could impact the company's financial standing.

The inclusion of these notes is a standard accounting practice, ensuring transparency and providing a more comprehensive understanding of Fly To Fit's financial health. Prospective franchisees should carefully review these notes, along with the rest of the financial statements, to assess the financial stability and potential risks associated with investing in a Fly To Fit franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.