What page number contains the statement of income for Focalpoint Coaching?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
Our report on our audits of the basic financial statements of FocalPoint Coaching, Inc. for the years ended December 31, 2024 and 2023 appear on pages 1 and 2. Those audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The schedules of net revenues, cost of revenues, general and administrative expenses on pages 18 through 19 are not a required part of the basic financial statements but are supplementary information required by 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 the 2025 FDD, the independent auditor's report regarding FocalPoint Coaching's financial statements for the years ending December 31, 2024 and 2023, which includes the statement of income, can be found on pages 1 and 2. This report offers an opinion on the fairness and accuracy of the financial statements, which comprise the balance sheets, statements of income, retained earnings, and cash flows, along with related notes.
In addition to the basic financial statements, the auditor's report on supplementary information indicates that schedules of net revenues, cost of revenues, and general and administrative expenses are located on pages 18 through 19. These schedules are not a required part of the basic financial statements but are considered supplementary information required by accounting principles generally accepted in the United States of America.
Prospective FocalPoint Coaching franchisees should review these pages carefully to understand the company's financial performance and the basis for the auditor's opinion. Understanding the relationship between the basic financial statements and the supplementary schedules can provide a more complete picture of FocalPoint Coaching's financial health.