What specific information is included in the certified statement that a Learningrx franchisee must submit annually?

According to Learningrx's 2025 Franchise Disclosure Document, franchisees are required to submit certain financial statements and reports to Learningrx. Specifically, franchisees must provide profit and loss statements and balance sheets. These financial documents must be prepared at least annually by an independent Certified Public Accountant (CPA).

In addition to these certified statements, Learningrx franchisees must also maintain a comprehensive accounting system that accurately reflects all operational aspects of the center. This includes providing Learningrx with hard copies and access to electronic reports as reasonably prescribed by the franchisor. Franchisees are also expected to submit current financial statements and other reports that Learningrx may request to evaluate or compile research data on any operational aspect of the center.

Furthermore, Learningrx retains the right to require franchisees to make their sales records and files available via an Internet connection. Franchisees are obligated to keep accurate records related to the franchised business for a period of six years following the termination or expiration of the franchise agreement. These records encompass tax returns, daily reports, Your Tuition Solution weekly and monthly reports summarizing loans provided to the center's clients, and statements of gross revenues and expenses prepared monthly for the preceding month.