As of what date is the financial report for Boomerang Franchise, LLC, which operates Hyper Kidz,?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
her laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans.
Item 21: FINANCIAL STATEMENTS
Boomerang Franchise, LLC was formed on May 14, 2018. Our audited financials from December 31, 2021, December 31, 2022, and December 31, 2023 as well as our unaudited balance sheet and statement of operations as of June 19, 2024 are included in Exhibit D.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 52)
What This Means (2024 FDD)
According to Hyper Kidz's 2024 Franchise Disclosure Document, the audited financials are from December 31, 2021, December 31, 2022, and December 31, 2023. The unaudited balance sheet and statement of operations are as of June 19, 2024. The Hyper Kidz FDD includes these financial statements in Exhibit D.
Specifically, the financial report includes a balance sheet as of June 19, 2024. This balance sheet provides a snapshot of Boomerang Franchise, LLC's assets, liabilities, and equity as of that date.
Additionally, management evaluated subsequent events through March 23, 2024, which is the date the financial statements were available to be issued. This evaluation considers events that occurred after December 31, 2023, but before the issuance date of the financial statements, potentially impacting the company's financial position.