Treasure Mountain Holdings, LLC, operating as Hilton Garden Inn Rancho Mirage, underwent an independent audit of its financial statements.
The audited financial statements encompass balance sheets, statements of operations, changes in members' deficit, and cash flows for the fiscal years ending December 31, 2024, and 2023.
The independent registered public accounting firm has issued an opinion affirming that the financial statements accurately represent the company's financial status and operations in compliance with US accounting principles.
Auditor's Opinion
The auditor's opinion confirms that the financial statements fairly depict the company's financial position and operational performance for the years ending 2024 and 2023.
Going Concern
The mention of the company's ability to operate as a going concern is highlighted due to net losses and accumulated deficit, as disclosed in Note 1 of the financial statements.
Responsibility
The responsibility for the accuracy of the financial statements rests with the company's management, while the auditor's role is to provide an opinion based on their audits.
- The disclosure of doubt regarding the company's ability to survive as a going concern could impact stakeholders' confidence in the company's long-term sustainability.
- Investors assessing risk factors will closely evaluate the strategies outlined by management in Note 1 to address the going concern issue.
The financial statements of Treasure Mountain Holdings, LLC offer critical insights into the company's financial well-being and challenges. Monitoring the company's response to the going concern issue is essential for stakeholders to gauge the company's future steps.