What date were the financial statements referenced in the Ledgers FDD available to be issued?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
Based on these strategic measures, cash reserves, and 2025 forecasted results, the Company is expected to meet its liquidity needs through one year from the date these financial statements were available to be issued.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the financial statements for the company Loyalty Business Services, LLC were available to be issued sometime before the date of the report. The report states that management evaluated conditions and strategic measures, including maintaining a cash reserve of $250,000, to support the company until new franchisee agreements become effective in May 2025.
The report also mentions that the company has entered into a new strategic relationship in 2025 with Bookkeeping Express, which is expected to generate new franchisee referrals. Based on these strategic measures, cash reserves, and 2025 forecasted results, the company expects to meet its liquidity needs through one year from the date these financial statements were available to be issued.
While the exact date the financial statements were available to be issued is not explicitly stated, the document indicates that the company's ability to continue as a going concern is evaluated within one year after this date. This implies that the financial statements were finalized and available sometime prior to the issuance of the FDD, allowing for a forward-looking assessment of the company's financial health.