What is the fiscal year end for Hydrodog?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
- (c) within thirty (30) days after the end of your HydroDog Business's fiscal year: (i) annual profit and loss and source and use of funds statements; and (ii) a balance sheet for your HydroDog Business as of the end of such fiscal year; and
Depreciation expense for the year ended December 31, 2024 and 2023, totaled $64,284 and $109,470, respectively.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is relevant for franchisees because they must submit financial statements, including annual profit and loss statements and balance sheets, to Hydrodog within 30 days after the end of Hydrodog's fiscal year.
Specifically, franchisees need to provide annual profit and loss and source and use of funds statements, along with a balance sheet for their HydroDog Business as of the end of the fiscal year. This reporting requirement ensures that Hydrodog has access to the franchisee's financial performance data for the entire year.
Understanding Hydrodog's fiscal year-end is crucial for franchisees to plan and meet their reporting obligations accurately and on time. Failing to submit these reports within the specified timeframe could potentially lead to issues with the franchisor.