What were the Stockholder Contributions and (Distributions) for All County in 2023?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
-
|
| Total National Advertising Fund | 24,885 | 81,159 | 85,801 |
|---|---|---|---|
| NET INCOME | 448,390 | 271,100 | 216,956 |
See accompanying Auditor's Report and Notes to the Financial Statements
Statements of Stockholders' Equity (Deficit) For Years Ended December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 | |
|---|---|---|---|
| COMMON STOCK | |||
| Balance, Beginning & End of Year | $ 200 | $ 200 | $ 200 |
| ADDITIONAL PAID IN CAPITAL | |||
| End of Year | 142,008 | 142,008 | 142,008 |
| RETAINED EARNINGS (DEFICIT) | |||
| Retained Earnings Balance, Beginning of Year | (110,516) | 188,109 | 14,567 |
| Stockholder Contributions and (Distributions) | (162,622) | (589,724) | (185,622) |
| Net Income | 448,390 | 271,100 | 216,956 |
| Retained Earnings Balance, End of Year | 195,251 | (110,516) | 45,901 |
| TOTAL STOCKHOLDER'S EQUITY (DEFICIT), END OF YEAR | $ 337,459 | $ 31,692 | $ 188,109 |
See accompanying Auditor's Report and Notes to the Financial Statements
Statements of Cash Flows For Years Ended December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 | ||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net Income (Loss) | $ 448,390 | $ 271,100 | $ 216,956 | |
| Adjustments to reconcile Net Income (Loss) | to net cash provided (used) by operating activities: | |||
| Depreciation | 21,008 | 1,399 | - | |
| (Increase) decrease in: | ||||
| Accounts & Commisisons Receivable | 48,602 | 49,917 | (51,911) | |
| National Ad Fund Account | 15,512 | 18,686 | - | |
| Prepaid Expenses | - | - | 15,126 | |
| Note Payable | 49,227 | - | - | |
| Accounts Payable | (77,617) | 115,454 | 9,008 | |
| Accrued Interest due to Stockholders | (1,698) | - | - | |
| Deferred Revenue | - | - | - | |
| Net cash provided by operating activities | 503,424 | 456,556 | 189,179 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchase of property and equipment | (49,227) | (45,606) | (1,010) | |
| Net |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the Stockholder Contributions and (Distributions) for the year 2023 were reported in two different statements. In the Statement of Stockholder's Equity (Deficit), the Stockholder Contributions and (Distributions) were listed as ($589,724). However, in the Statement of Cash Flows, the Stockholder Contributions and (Distributions) were listed as ($396,183) for 2023.
It is important to note that these figures represent the net effect of contributions from and distributions to the stockholders of All County during that year. A negative value indicates that distributions exceeded contributions.
A prospective franchisee should seek clarification from All County regarding the discrepancy between these two figures. Understanding the reasons for this difference is crucial for assessing the financial health and stability of the company. It is also important to understand the nature of these transactions, as they can impact the overall financial position of All County and potentially affect its ability to support its franchisees.