When were the consolidated financial statements available to be issued for Goldfish Swim School?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
In preparing the consolidated financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the consolidated financial statements are issued or available to be issued.
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School FDD, management is required to evaluate whether there are conditions or events that raise substantial doubt about the company's ability to continue as a going concern within one year after the date that the consolidated financial statements are issued or available to be issued.
For the audit of the consolidated financial statements for the years 2024, 2023, and 2022, the auditor's report indicates that management must assess the company's ability to continue as a going concern within one year after the date the statements are issued or available to be issued.
Similarly, for the audit of the consolidated financial statements for the years 2023, 2022, and 2021, a nearly identical statement appears, emphasizing the same responsibility of management regarding the going concern assessment. However, the specific date when the consolidated financial statements were actually issued or available to be issued is not provided in this excerpt.