What was the net income (loss) for Focalpoint Coaching in the first period presented in the financial statement?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of FocalPoint Coaching, Inc. (a Nevada corporation), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of income, retained earnings (deficit), 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 FocalPoint Coaching, Inc. 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 56)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the financial statements include the statements of income (loss) for the years ended December 31, 2024 and 2023. Therefore, the first period presented is the year ended December 31, 2023.
To determine the net income (loss) for the year ended December 31, 2023, a prospective franchisee should carefully review the provided financial statements. The statement of income (loss) will detail Focalpoint Coaching's revenues, expenses, and ultimately, its net income or loss for that year. This information is crucial for understanding the company's profitability and financial performance during that period.
It is important to note that the auditor's report indicates that the financial statements present fairly the financial position of Focalpoint Coaching as of December 31, 2024 and 2023. This provides a level of assurance regarding the accuracy and reliability of the financial information presented. A potential franchisee should analyze these statements and consider seeking professional financial advice to fully understand the implications for their investment.