On what page of the Kidokinetics FDD can I find the balance sheets?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
| Independent auditor's report | 3 |
|---|---|
| Balance sheets | 5 |
| Statements of operations | 6 |
| Statements of members' equity (deficit) | 7 |
| Statements of cash flows | 8 |
| Notes to the financial statements. | 9 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2024 FDD)
According to the 2024 Kidokinetics Franchise Disclosure Document, the balance sheets can be found on page 5. This information is located in a table of contents within Item 21, which pertains to the financial statements of the company. The table lists the location of various financial statements included in the FDD.
Item 21 of the FDD includes audited financial statements for Kidokinetics for the fiscal years ending December 31, 2023, 2022, and 2021. These financial statements offer prospective franchisees an overview of the company's financial health and performance over the past three years. The balance sheets specifically provide a snapshot of the company's assets, liabilities, and equity at the end of each of those years.
As a prospective franchisee, reviewing these balance sheets is crucial for assessing the financial stability and solvency of Kidokinetics. By examining the assets and liabilities, you can gain insights into the company's ability to meet its financial obligations and support its franchisees. Additionally, analyzing the equity section can provide information about the ownership structure and the company's accumulated profits or losses. Therefore, it is important to carefully review and understand the balance sheets, along with the other financial statements, to make an informed decision about investing in a Kidokinetics franchise.