Did Healthsource Chiropractic adjust comparative information when adopting ASC 606?

According to the 2025 Healthsource Chiropractic FDD, the company's financial presentation adheres to Generally Accepted Accounting Principles (GAAP) as outlined in the Accounting Standards Codifications (ASC) issued by the Financial Accounting Standards Board. The FDD does not specifically state whether Healthsource Chiropractic made adjustments to comparative information upon adopting ASC 606. The document mentions a change in accounting principle but does not elaborate on the specifics of this change or whether it relates to ASC 606.

Without further information, it is unclear if Healthsource Chiropractic adjusted comparative information when adopting ASC 606. Prospective franchisees should seek clarification from Healthsource Chiropractic regarding any changes in accounting principles and their potential impact on the financial statements provided in the FDD. Understanding the application of ASC 606 and its effect on reported revenues and financial performance is crucial for making informed investment decisions.

It is important for potential franchisees to consult with their own financial advisors to fully understand the implications of any accounting changes and how they may affect the financial performance of a Healthsource Chiropractic franchise. This due diligence will help ensure a clear understanding of the franchise's financial reporting practices and potential profitability.