Does Healthsource Chiropractic include a balance sheet as of December 31, 2024?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Franchise Disclosure Document as Exhibit G are:
HealthSource Chiropractic, LLC's audited balance sheets as of December 31, 2024, December 31, 2023, and December 31, 2022, and the related statements of income, retained earnings, and of cash flow for the years then ended.
Source: Item 21 — Financial Statements (FDD page 77)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the document includes audited balance sheets as of December 31, 2024, December 31, 2023, and December 31, 2022. These balance sheets are part of Exhibit G within the FDD.
In addition to the balance sheets, Exhibit G also contains the related statements of income, retained earnings, and cash flow for the years ending on those dates. The inclusion of these financial statements is a standard practice in franchise disclosure, providing prospective franchisees with an overview of the franchisor's financial health over the past three years.
Furthermore, an independent auditor has reviewed these financial statements. According to the Independent Auditor's Report, the auditor believes that the financial statements present fairly the financial position of HealthSource Chiropractic as of December 31, 2024, 2023, and 2022. The report also covers 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.