What accounting period does Kidokinetics use for its financial statements?

According to Kidokinetics's 2024 Franchise Disclosure Document, the company's accounting period is the 12-month period ending on December 31 of each year. This means that Kidokinetics's financial performance is measured and reported annually, from January 1 to December 31.

For a prospective franchisee, understanding the franchisor's accounting period is important for several reasons. It allows them to compare Kidokinetics's financial statements with those of other franchises or businesses that also follow a calendar year. It also helps in understanding the timing of financial reporting and potential seasonal trends in revenue and expenses.

Kidokinetics's financial statements for the fiscal years ending December 31, 2023, 2022, and 2021 are attached as Exhibit D to the Franchise Disclosure Document. These statements include an independent auditor's report, balance sheets, statements of operations, members' equity (deficit), and cash flows, along with related notes. The auditor's report expresses an opinion on the fairness of the financial statements in accordance with accounting principles generally accepted in the United States of America.