As of what date does the balance sheet audited in the Punch King Fitness, Inc. opinion cover?

According to Punch King Fitness's 2024 Franchise Disclosure Document, the balance sheet audited in the Independent Auditor's Report covers the financial position of the company as of December 31, 2023. The audit also includes the related statements of income and retained earnings and cash flows for the year then ended.

This means that the auditor, in their professional opinion, has reviewed and fairly presented the financial status of Punch King Fitness as of that specific date. This includes assets, liabilities, and equity, providing a snapshot of the company's financial health at the end of the year. The audit also covers the financial activities that occurred throughout the year, such as revenues, expenses, and cash flow.

For a prospective franchisee, this information is crucial for assessing the financial stability and performance of Punch King Fitness. Reviewing the balance sheet and related financial statements can help in understanding the company's ability to support its franchisees and manage its own financial obligations. It's important to note that while the audit provides reasonable assurance, it is not a guarantee of future financial performance.