What financial statements are included in the Learningrx FDD?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of LearningRx Franchise Corporation (a Colorado Corporation), which comprise the balance sheets as of September 30, 2024 and 2023, and the related statements of income, retained earnings, 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 LearningRx Franchise Corporation as of September 30, 2024 and 2023, and the results of its operations 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 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the financial statements include balance sheets as of September 30, 2024 and 2023, statements of income, retained earnings, and cash flows for the years then ended, and related notes. These statements provide a comprehensive view of Learningrx Franchise Corporation's financial position and performance.
The inclusion of these financial statements, audited by independent auditors, is meant to give prospective franchisees insight into the financial stability and operational history of Learningrx. The auditors' report expresses an opinion on the fairness of the presentation of Learningrx's financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the United States of America.
Specifically, the independent auditors are responsible for obtaining reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error. They evaluate the appropriateness of accounting policies, the reasonableness of significant accounting estimates, and the overall presentation of the financial statements. This rigorous audit process aims to provide a reliable basis for prospective franchisees to assess the financial health of Learningrx.