What specific entity's financial statements are included in the Itan FDD?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
disclosed as a closure in Table 3 of Item 20 nor removed from Part A of this exhibit. This franchisee remains in the system.
If you buy this franchise, your contact information may be disclosed to other buyers when you leave the franchise system.
EXHIBIT "G"
TO DISCLOSURE DOCUMENT
FINANCIAL STATEMENTS
[See Attached]
| I | Index | 1 |
|---|---|---|
| 11 | Independent auditor's report | 2 - 3 |
| m | Balance sheets | 4 |
| IV | Statements of earnings | 5 |
| V | Statements of stockholder's equity | 6 |
| VI | Statements of cash flows | 7 |
| VII | Notes to the financial statements | 8 - 14 |
INDEPENDENT AUDITOR'S REPORT
To the Stockholder iTan Franchising, Inc.
Opinion
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.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of iTan Franchising, Inc. and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the financial statements of iTan Franchising, Inc. are included. An independent auditor's report confirms that the financial statements, including balance sheets as of December 31, 2024 and 2023, and statements of earnings, stockholder's equity, and cash flows for the years then ended, have been audited.
The auditor's opinion states that the financial statements of iTan Franchising, Inc. present fairly, in all material respects, the company's financial position as of December 31, 2024 and 2023. The audit was conducted following generally accepted auditing standards in the United States of America, with the auditor affirming their independence and adherence to ethical responsibilities.
Management of iTan Franchising, Inc. is responsible for preparing and fairly presenting these financial statements, including the design, implementation, and maintenance of internal controls. This responsibility extends to evaluating the company's ability to continue as a going concern within one year after the financial statements are issued.