Do the financial statements for Gold Star include statements of cash flows?

Yes, according to Gold Star's 2025 Franchise Disclosure Document, the financial statements include statements of cash flows. Specifically, Item 21 states that the audited financial statements for the years ended December 31, 2022, December 31, 2023, and December 31, 2024, include statements of operations, stockholder equity, and cash flows for each of those years. This is a standard practice, as cash flow statements provide a detailed look at how a company generates and uses cash, which is critical for assessing its financial health.

Furthermore, the notes to the consolidated financial statements, as well as the consolidated statements of cash flows, are included in the FDD. These statements provide additional details, such as cash paid for interest in 2022, 2023 and 2024, which was $515,799, $785,517, and $798,109 respectively. The consolidated statement of cash flows also includes cash flows from operating activities, investing activities, and financing activities, offering a comprehensive view of Gold Star's financial activities.

For a prospective franchisee, the inclusion of these statements means greater transparency into Gold Star's financial performance. Reviewing these statements can help a franchisee understand how Gold Star manages its cash, invests in its business, and finances its operations. It also allows them to assess the overall financial stability of the company, which is an important factor when considering investing in a franchise.