factual

Does Healthsource Chiropractic provide statements of cash flow in its financial statements?

Healthsource_Chiropractic Franchise · 2025 FDD

Answer 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 company includes statements of cash flow in its financial statements. Specifically, the audited financial statements attached as Exhibit G include HealthSource Chiropractic's balance sheets as of December 31, 2024, 2023, and 2022, along with related statements of income, retained earnings, and cash flow for the years then ended. This indicates that prospective franchisees can review the company's cash flow statements for the past three years.

Statements of cash flow are important because they show how much cash Healthsource Chiropractic generated and used during a specific period. This gives potential franchisees insight into the company's ability to manage its cash and meet its short-term obligations. It also helps in assessing the company's financial health and stability.

The inclusion of these statements, audited by Park & Illenberger, CPA's, Inc., suggests a commitment to financial transparency. Reviewing these statements can help a prospective franchisee make a more informed decision about investing in a Healthsource Chiropractic franchise. The independent auditor's report also confirms that the financial statements present fairly the financial position and cash flows of HealthSource Chiropractic in accordance with accounting principles generally accepted in the United States of America.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.