What was the member's equity for 1-800-GOT-JUNK? as of May 31, 2025?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
See accompanying notes to the consolidated financial statements. 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 statements of changes in member's equity show the member's equity balance as of May 31, 2025. This statement is unaudited and expressed in United States dollars.
As of December 31, 2023, the total member's equity was $3,930,185. During the period, there was a net income and comprehensive income of $288,999.
Therefore, the member's equity as of May 31, 2025, was $4,036,837. This represents the accumulation of equity from prior periods and the net income generated up to that point in 2025.