Until what date did Itan evaluate subsequent events for their financial statements?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
NOTE 12 SUBSEQUENT EVENTS
The Company has evaluated subsequent events through March 11, 2025, the date on which the financial statements were available to be issued. There were no material subsequent events which affected the amounts or disclosures in the financial statements.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the company evaluated subsequent events through March 11, 2025. This date represents the cutoff for considering events that occurred after the balance sheet date (December 31, 2024) but before the financial statements were available to be issued.
This evaluation is a standard accounting practice to ensure that the financial statements reflect the most current and accurate information. Subsequent events that could materially affect the financial statements must be disclosed or adjusted accordingly.
For a prospective Itan franchisee, this date indicates the recency of the financial information provided in the FDD. It assures them that the financial statements have been updated to include any significant events that occurred shortly after the close of the fiscal year. Franchisees may want to inquire about any significant events that have occurred since March 11, 2025, that could impact Itan's financial condition.