According to Spray Net's 2025 Franchise Disclosure Document, the company's financial statements can be found in Exhibit C. This exhibit is specifically referenced as containing the financial statements. These statements include the balance sheets as of December 31, 2024, 2023, and 2022, along with the related statements of operations, changes in stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements.

The financial statements included in Exhibit C are audited by Muhammad Zubairy, CPA PC. An independent auditor's report is included, expressing an opinion on the fairness of Spray Net's financial position as of December 31, 2024, 2023 and 2022, 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.

Prospective franchisees should carefully review these financial statements and the accompanying notes to understand Spray Net's financial performance, obligations, and overall financial health. Understanding the franchisor's financial stability is crucial for assessing the risks and potential rewards of investing in a Spray Net franchise. It is also important to note the auditor's opinion and any qualifications or concerns raised in the audit report.