What was the amount of member's equity for 1-800-GOT-JUNK? as of May 31, 2025?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
1-800-GOT-JUNK? LLC Consolidated Statements of Changes in Member’s Equity (Unaudited - Expressed in United States dollars)
For the period ended May 31, 2025
Total
Member’s Retained member’s
equity earnings equity
Balance, December 31, 2023 $ $ 3,930,184 $ 3,930,185
Net loss and comprehensive loss
(182,347) (182,347)
Balance, December 31, 2024
3,747,837
3,747,838
Net income and comprehensive income
288,999 288,999
Balance, May 31, 2025 $ $ 4,036,836 $ 4,036,837
See accompanying notes to consolidated financial statements.
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the consolidated statement of changes in member's equity shows the total member's equity as of May 31, 2025. This statement is unaudited and expressed in United States dollars. The balance for total member's equity as of that date was $4,036,837. This figure represents the sum of member's equity and retained earnings.
Specifically, the member's equity was $4,036,836 and the retained earnings were $4,036,837. This indicates the accumulated profits of 1-800-GOT-JUNK? that have been retained in the business rather than distributed to the member. The increase in member's equity from December 31, 2024, to May 31, 2025, reflects the net income and comprehensive income during that period, which amounted to $288,999.
It is important to note that these financial statements are unaudited, as indicated in Exhibit E of the FDD. Prospective franchisees should be aware that the figures have not been verified by a certified public accountant. Therefore, it is advisable to consult with a financial advisor to review these statements and consider their implications for the financial health and stability of 1-800-GOT-JUNK? before making any investment decisions.