table_specific

What was the total amount due to stockholder for All Team in 2023?

All_Team Franchise · 2025 FDD

Answer from 2025 FDD Document

2024 2023
Note payable to stockholder, due on demand,
no stated interest rate, unsecured $14,772 $39,378

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)

What This Means (2025 FDD)

According to All Team's 2025 Franchise Disclosure Document, the amount due to the stockholder in 2023 was $39,378. This is categorized as a current liability, meaning it represents a short-term obligation that All Team was expected to settle within the year. This amount is documented as a 'Note payable to stockholder, due on demand, no stated interest rate, unsecured.'

This liability represents a debt that All Team owes to its stockholder. The terms of the note indicate that it is due on demand, meaning the stockholder can request repayment at any time. Additionally, the note carries no stated interest rate and is unsecured, meaning it is not backed by any specific assets of the company.

For a prospective franchisee, this information provides insight into All Team's financial obligations and its relationship with its stockholder. While a $39,378 liability may not be significant in the context of All Team's overall financials, it is important to consider the terms of the note and the potential impact of a demand for repayment on the company's cash flow. Reviewing the trend of this liability over time, as well as the overall stockholder's equity, can offer a more comprehensive understanding of the company's financial health and stability.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.