Where can I find the statements of stockholder's equity for Itan Franchising, Inc.'s financial statements?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of iTan Franchising, Inc., which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of earnings, stockholder's equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of iTan Franchising, Inc. as of December 31, 2024 and 2023, and the results of its activities and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the statements of stockholder's equity are included as part of the audited financial statements.
The independent auditor's report indicates that the audit encompassed the balance sheets, statements of earnings, stockholder's equity, and cash flows for the years ending December 31, 2024 and 2023. A similar report also mentions that the audit included the balance sheets as of December 31, 2023 and 2022, along with the related statements of earnings, stockholder's equity, and cash flows for those years.
These statements are essential for prospective franchisees as they provide insights into Itan's financial performance, including how equity is distributed and managed within the company. Reviewing these statements can help potential franchisees assess the financial stability and overall health of Itan before making an investment.